One of the largest credit rating agencies in the world, Fitch Ratings, has once again assigned a “B minus” rating to the…
Maldives National Association of Construction Industry (MNACI) raised concerns over the government delays in paying private contractors for state-initiated projects. MNACI said…
Indira Gandhi Memorial Hospital (IGMH) has spent nearly MVR 1 billion for its outsourced departments. IGMH said that it outsourced only two…
Maldives government has sold an additional MVR 3.1 billion worth of treasury bills (T-Bills) to adjust state expenditure. The Ministry of Finance…
The World Bank has forecast Maldives’ national debt to Gross Domestic Product (GDP) to increase by 115%. The bank said that though…
Kaafu atoll Maafushi Council has begun the process of allocating 84 additional land plots. Maafushi Island Council’s President Hassan Sobah said the…
Maldives Inland Revenue Authority (MIRA) reports a total revenue of MVR 1.60 billion to the government in August 2023, a 21.0% increment…
Maldives government announced fully-funded scholarship opportunities for interested students to pursue higher education in inclusive education. Four slots for Masters of Autism…
Urbanco has recently announced that the transport of electric vehicles across the channel between Hulhumale’ 1 and Hulhumale’ 2 are restricted with…
The cumulative total of state expenditure reached MVR 32.1 billion as of September 21, 2023. The cumulative total of state revenues, inclusive…