MMA Forecasts 2024 Growth at 4.9%
The Maldives’ economy is projected to grow 4.9 percent this year, following a 4 percent growth in GDP in 2023,...
If Maldives Economy Needs Bitter Pill for Revival, Now Is the Time To Make Things Clear: Deputy Speaker
The administration should clearly explain the nation’s current economic situation to the people and outline any ‘bitter pill’ which needs...
World Bank Downgrades Growth Forecast for Maldives
The World Bank has downgraded its 2024 growth forecast for the Maldives as tourists increasingly opt for guesthouse stays over...
Yameen Labels Potential Leasing of Malé Port to Dubai World as ‘Economic Crime’
Leasing of the Malé Commercial Port to Dubai World will be an ‘economic crime’ akin to the previous leasing of...
MDP Leader Accuses Government of Deception, Economic Mismanagement
The opposition Maldivian Democratic Party (MDP) has accused the newly instated government, led by President Dr Mohamed Muizzu, of failing...
Tourism Revenue Surge Highlights Urgent Need for Economic Reforms to Boost Local USD Circulation
Recent data released by the Maldives Association of Travel Agents and Tour Operators (MATATO) projects increases in tourism revenue, spotlighting...
Maldives Capable of Managing Economic, Fiscal Hurdles Without External Assistance: Economic Minister
The Maldives is capable of managing its economy, and fiscal policy, and does not need an intervention from the International...
MIFCO Lowers Purchase Price of Skipjack Tuna Amid Financial Challenges
Maldives Industrial Fisheries Company (MIFCO) on Monday reduced the per kilogram purchase price of Skipjack tuna from MVR 25 to...
Parliamentary Motion Urges Expedited Payments to Fishermen as Concerns Grow Over Unpaid Dues
A resolution has been introduce to Parliament calling on the current administration to pay fishermen their dues as soon as...
IMF Cautions Maldives on Slowdown After Positive Post-Pandemic Growth, Urges Implementation of Proposed Fiscal Reforms
The Maldives’ post pandemic growth has been strong, but recently normalised, with growth in 2024 projected at 5.2 percent even...
