Business

MTCC expands payment options for public buses starting August 2022

June 20, 2022, 14:29

Malé, Maldives - CEO of Maldives Transport & Contracting Company (MTCC) Adam Azim on Monday stated that starting August 2022, Bank of Maldives (BML) touch and go cards and QR… Continued

High speed ferry service, the backbone of development – President Solih

June 13, 2022, 10:05

Malé, Maldives - Rajje Transport Link (RTL), a high speed ferry service across the nation, will become the backbone of national development and substantial to its decentralization, affirms President Ibrahim… Continued

World Bank revises GDP growth forecast for Maldives

June 8, 2022, 17:57

Malé, Maldives - In the most recent "Global Economic Prospects" published by World Bank, Maldives' GDP growth forecast for the year 2022 has been decreased. As per table 2.5.2 of… Continued

Finance Minister to be questioned regarding state reserve

June 8, 2022, 08:59

Malé, Maldives - A motion to question Minister of Finance Ibrahim Ameer has been submitted to the Parliament. The motion was filed by Member of Parliament representing North Galolhu constituency… Continued

Deputy Speaker to question Finance Minister regarding the Maldives’ financial status

June 7, 2022, 14:20

Malé, Maldives - Deputy Speaker of the Maldives Parliament Eva Abdulla on Tuesday proposed questions for Finance Minister Ibrahim Ameer regarding the monetary reserve of the Maldives. MP Eva has… Continued

No concerns regarding Maldives’ economic trajectory: Exim Bank

June 7, 2022, 12:20

Mumbai, India - Indian owned Exim bank - which has extended billions of dollars of the Maldives as part of it's line of credit - has expressed confidence in the… Continued

Afcons guarantees work completion on time

June 6, 2022, 12:58

Mumbai, Maldives - Indian engineering and construction company Afcons Infrastructure Limited has assured Maldives that the company will complete all work in accordance with the promised timeline. Adding to his… Continued

Finance Minister Ameer responds to reserve risk concerns

June 6, 2022, 07:57

Malé, Maldives - Amidst serious speculation and the growing concern from the public and analysts, Finance Minister, Ibrahim Ameer has denied claims of a reserve depletion followed by the economic… Continued

Public debt to surpass MVR 100 billion by end of 2022

June 4, 2022, 19:56

Malé, Maldives - The latest update from the Ministry of Finance indicate that the public debt has increased to over MVR98 billion and is MVR182,943 per capita. This is more… Continued

World Bank grants USD 24 million to Maldives as employment support

May 28, 2022, 15:07

Unites States - The World Bank’s Board of Executive Directors today approved a $24 million grant to improve social protection coverage and employability of Maldivian workers under the Sustainable and… Continued