India provides $100 million loan to Maldives
Malé, Maldives - India has given Maldives USD 100 million loan as budgetary support through a Treasury Bond sale to the State Bank of India branch in Malé, Maldives. According… Continued
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2023 Budget: MVR 42.8 billion passed by Parliament
Malé, Maldives - Parliament of Maldives has approved the government's budget of MVR 42.8 billion for next year. The budget was passed by 61 votes out of 69 in the… Continued
Opposition to propose MVR 6.8 billion cut down to 2023 budget
Malé, Maldives - The opposition PPM/PNC coalition has decided to propose some amendments to the report prepared by the parliamentary committee on the budget for next year. The parliamentary group… Continued
Maafushi is not a prostitution hub: Council
Maafushi, Maldives - Maafushi Council has refuted media reports claiming the island which reigns in local tourism in Maldives of being a hub for prostitution. Following local media outlet "Mihaaru"… Continued
Tax hike not likely to harm tourism sector: TEAM
Malé, Maldives - Tourism Employees Association of Maldives (TEAM) has said that the increase in TGST from 12 per cent to 16 per cent will not harm the tourism sector.… Continued
MATATO calls for Finance Minister’s resignation
Malé, Maldives - Maldives Association of Travel Agents and Tour Operators (MATATO) has called on Finance Minister Ibrahim Ameer to resign. MATATO called for this in a statement issued following… Continued
Two Maldivians arrested for dealing in counterfeit dollars
Hulhumalé, Maldives - Police have arrested two Maldivians for dealing in counterfeit dollars at a large scale. A 23-year-old man and a 24-year-old woman were arrested in an operation conducted… Continued
Law to be amended to ease foreign investments: Minister Fayyaz
Malé, Maldives - Economic Minister Fayyaz Ismail today said that the Foreign Direct Investment (FDI) Act is being amended to provide a more favorable environment and ensure security for investors… Continued
TGST hike will bring positive changes in reserves: Gov’t
Malé, Maldives - President's Office Spokesperson Miuvan Mohammed has said that the increase in TGST will bring positive changes to the government's foreign exchange reserves. Replying to a question from… Continued
Don’t undermine credibility of financial system: MP Shareef
Malé, Maldives - Parliamentarian for Maradhoo constituency, Ibrahim Shareef has called on Speaker Mohamed Nasheed to refrain from any remarks which would undermine the credibility of the Maldivian financial system.… Continued
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