Business

No agreement made to pay MVR 174 Million to Dheebaja: Government

November 16, 2020, 18:30

Male’, Maldives – The Government of Maldives has said today at Supreme Court that the payment to Dheebaja has not lowered to MVR 174 million through any agreement. In July, Auditor… Continued

BIG company accused of money laundering

November 16, 2020, 17:30

Male', Maldives - A report formulated by the Anti Corruptions Commission (ACC), regarding a money laundering case against Business Image Group (BIG) has been forwarded to the Judiciary Committee of… Continued

Maldivian’s aren’t fools, projects cannot be delivered: Nasheed

November 16, 2020, 16:30

Male’, Maldives - Speaker of Parliament, Former President Mohamed Nasheed has criticized the 2021 budget sent to the parliament by the government and told that the government should not take… Continued

Opposition calls to review 2021 budget and resubmit to parliament

November 16, 2020, 11:58

Male', Maldives - Maldivian Parliaments minority leader, Progressive Party of Maldives (PPM)'s parliamentary group leader, MP Ahmed Saleem (Redwave Saleem) has called to review the budget proposed by the government… Continued

Depending too much on one country for grants is risky: Auditor General’s Office

November 16, 2020, 10:29

Male', Maldives - Auditor General's Office has said that it is highly alarming that Maldives is leaning too much on one specific country for income from grants for developmental projects… Continued

Projects planned for 2021 not feasible over current economic situation: MMA Governor

November 15, 2020, 20:30

Male’, Maldives – Governor of Maldives Monetary Authority (MMA), Ali Hashim has said that the many ambitious projects included in the 2021 budget may not be completed due to the current state… Continued

Online application made available for SDFC loans

November 15, 2020, 19:23

Male', Maldives - SME Development Finance Corporation (SDFC) has announced that loan applications can be done online now. In an announcement made by SDFC, the company said that applications for… Continued

No plans to take tolls on bridge: Minister Nahula

November 15, 2020, 18:28

Male’, Maldives - Minister of Transport and Civil Aviation, Aishath Nahula has told that the government had no intention of collecting toll from the Sinamale’ bridge which connects Male’-Hulhule’-Hulhumale’. Minister… Continued

Telecom prices to drop with new company

November 15, 2020, 10:00

Malé, Maldives — The Economic Minister of Maldives, Fayyaz Ismail stated that they expect the pricing of telecom services to get cheaper as the government has decided give another company… Continued

What Fitch Rating downgrade means and why it matters

November 15, 2020, 09:00

Standard & Poor's (S&P), Moody's, and Fitch Ratings are the three most influential agencies when it comes to assessing risk of default when extending lines of credit. Fitch offers a Long-term Foreign-currency Issuer… Continued