Government MPs’ Absence Leads to Rejection of Own Bill
The Parliament has rejected the first bill introduced by President Dr Mohamed Muizzu’s administration due to an unprecedented absence of...
Parliament Considers Government-Proposed SDF Bill
The Sovereign Development Fund (SDF) Bill, introduced for Parliament’s consideration on Wednesday, will limit the use of the Sovereign Development...
New SDF Bill Proposes Governance Council, Legal Mechanisms to Regulate Use
A newly proposed Sovereign Development Fund (SDF) Bill sent to Parliament stipulates that funds from the SDF can only be...
Saudi Fund Reaffirms Commitment to Supporting Maldives Fisheries Industry
The Saudi Fund for Development (SFD) has pledged support to the Maldives’ fisheries industry. The SFD assured their support to...
SDF Reserves To Be Exclusively Converted to USD
The Ministry of Finance, in a bid to convert the currency accumulated in the Sovereign Development Fund (SDF) entirely to...
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...
