Bunkering Facility Project at Ihavandhippolhu to Move Ahead
The government is reviewing the agreement for the Ihavandhippolhu Atoll bunkering facility project, to provide refuel and services to marine...
SDF Deposits in 2023 Exceed MVR 886 Million
The Sovereign Development Fund (SDF) has received MVR 886.7 million so far this year, surpassing the earlier estimate of MVR...
Minister Saeed Seeks to Assuage Public Concerns Over India’s Onion Export Ban
Minister of Economic Development and Trade Mohamed Saeed on Saturday sought to assure Maldivians that the country will not be...
China Assures Increased Investment, Development Projects: Minister Saeed
China has assured that it will increase investment and development projects in Maldives, Economic Minister Mohamed Saeed said on Thursday....
Local Councils To Get Broader Jurisdictional Authority Over Uninhabited Islands, Lagoons
The Muizzu administration will allow island councils to incorporate nearby uninhabited islands and lagoons into their jurisdiction under specific guidelines...
Saudi Arabia Approves Trade Agreement With Maldives
The Kingdom of Saudi Arabia’s cabinet has agreed to enter into a trade agreement with the Maldives, the Maldives’ Ministry...
Maldives’ Credit Rating at B-,Outlook Negative, Says Fitch Ratings
Fitch Ratings has affirmed the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a ‘negative outlook.’ In Fitch’s...
Economic Growth Positive But Reforms Needed to Stay on Track: World Bank
The Maldivian economy continued to expand in the first quarter of 2023 by 5.5 percent year-on-year, surpassing pre-pandemic levels, the...
Tourist Card Payments Strain USD Supply
Businesses turn to the black market for their regular dollar influx as the exchange rate yo-yos between MVR18.10 and MVR18.30...
