Advertisement

State budget grants drop 12% this year

The approved budget for 2024 stands at MVR 49.9 billion.

Govt spending rises by MVR 756m amid project delays

The Finance Ministry reported a revenue increase of MVR 709 million, primarily driven by higher tax collections.

HDC to redevelop stalled water park in Hulhumale

Fazul revealed that the company owes HDC MVR 10 million in unpaid rent and is also seeking financial compensation.

HDC recovers MVR 226m from MVR 1.4b outstanding debt

HDC has formed a dedicated settlement committee tasked with recovering outstanding amounts.

STO aims to stop foreign vessels from selling oil in Maldives

Shimad revealed ongoing discussions with the Customs Authority, the Economic Ministry, and the Transport Authority to address these regulatory gaps.

Advertisement

Top Stories

Top Stories

Ministry releases funds to pay Fenaka staff salary

Finance Minister confirmed that the Ministry of Finance had already released the necessary funds to Fenaka.

Hajj Corporation should avoid guesthouse business, Zameer says

MP Abbas questioned the implications of the Hajj Corporation's plan to build a city hotel in Kaafu Maafushi and invest in "halal tourism."

Moody's retains Maldives rating at Caa2 with negative outlook

Moody’s noted some recent progress in improving fiscal transparency and addressing corruption.

Maldives won't go bankrupt, finance minister assures

According to Zameer, half of the debt was accrued during the previous administration between 2018 and 2023.

President ratifies fiscal responsibility, debt bills

Both bills aim to enhance financial governance and provide a framework for managing public debt in the Maldives.

FSM fires over 40 staff amid oil theft, laundering scandal

FSM’s internal investigation revealed significant breaches of trust and misconduct by employees who were reportedly involved in selling oil unlawfully.

HDC opens bidding for 10 plots in Hulhumale Phase 2

The sale is open exclusively to Maldivian citizens and companies with 100% Maldivian ownership.