Economic Minister refutes IMF bailout rumors

He went on to insist that Maldives did not need an IMF package as the economic growth was better than expected.

16 February 2024

Global hedge funds plan 2023 around inflation risk

Most of the hedge fund managers Reuters spoke to think long-short equity strategies will remain out of favour after last year's underperformance.

5 January 2023

ADK to hike service fees over high operating costs

ADK said that the change in service prices can be viewed at the hospital's counters.

14 December 2022

Global natural catastrophe 2022 insured losses seen at $112 bln

This year's renewal season was "one of the most challenging. ..the sector has experienced", Guy Carpenter said.

1 January 2023

Global central banks deliver historic rate hike blast in 2022

All major central banks bar the Bank of Japan raised rates this year.

25 December 2022

Eva asks govt to submit detailed IMF assessment

The IMF's Board of Executive Directors has called on the Maldives to take important financial reforms as the global economy continues to be affected.

4 January 2023

Unlike rest of the world, Maldives economy will grow faster: MMA

Electricity bills will see a hike as electricity subsidy will be given to only the needy.

3 December 2022

3% hike in commodity prices; unlikely to rise again

Many traders said they were unlikely to see any further hike in prices this year.

31 January 2023