Finance Ministry Prioritises SOE Reform, Seeks Foreign and Local Expertise
The Ministry of Finance is looking to recruit at least three international experts, and one local professional, to assist in...
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...
Finance Ministry Initiates Sale of T-Bills Worth MVR 2.5 Billion
Treasury bills (T-bills) have been issued for the third time this year, this time worth MVR 2.5 billion, to cover...
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...
BML to Increase Withdrawal Limit for Students Abroad to US$1,200
The Bank of Maldives (BML) will increase the maximum withdrawal limit for Maldivians studying abroad from US$750 to US$1,200 per...
Facility Upgrades at Kulhudhuffushi Airport Will Foster Regional Economic Growth: RACL
Regional Airports Company Ltd. (RACL) will work to upgrade the passenger terminal facilities at Kulhudhuffushi Airport, in line with President...
Allied Insurance Appoints Hussain Luwaiz as New MD
Hussain Luwaiz has been appointed Managing Director (MD) of Allied Insurance Company. He has over 21 years of experience at...
Fenaka Struggles to Deliver Solution as Addu Water Outage Enters Third Day
Fenaka Corporation has said that it is working to deliver an additional variable frequency drive (VFD) to Addu as residents...
STO Reduces Diesel, Petrol Prices
The State Trading Organization (STO), responsible for the majority of fuel imports into the country, has announced a reduction in...
Hitachi Refrigerators Get ‘Hakathari’ Rating
Hitachi refrigerators sold at State Trading Organisation (STO) stores have been awarded the ‘Hakathari’ rating. The rating, managed by the...
