Useable Reserves Drop to Lowest in 12 Months
The Maldives’ usable reserves fell by US$40 million over last month to US$73 million, the Maldives Monetary Authority’s most recent...
Qasim, Shujau’s Stance on MPs’ Pay Sparks Controversy
Two lawmakers aligned with the ruling People’s National Congress (PNC) have sparked controversy after suggesting that salaries and benefits for...
Opposition Attributes Economic Slump to Government Incompetence
The current administration has not been able to manage the fiscal challenges faced by the Maldives despite having been made...
President Muizzu in Opposition Crosshairs Over Economic ‘Bitter Pill’
The Maldivian Democratic Party (MDP) Chairperson, Fayyaz Ismail, pointing to words by the administration-aligned Deputy Speaker of Parliament, Ahmed Nazim,...
Minister Shafeeq Refuses Disclosure on Political Appointees Amid Public Scrutiny
Finance Minister Mohamed Shafeeq has refused to answer probing questions from the Public Accounts Committee of Parliament regarding the number...
Ex-President Solih Criticises Muizzu Administration’s Economic Policies, Fiscal Priorities
Former President Ibrahim Mohamed Solih delivered pointed criticism of the Mohamed Muizzu administration’s economic and fiscal strategies, asserting they have...
Minister Saeed, Chinese Banking Executives Discuss Enhancing Cooperation
Economic and Trade Minister Mohamed Saeed has held high-level discussions with senior executives of prominent Chinese financial institutions, including the...
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...
