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

Lebanon to devalue currency by 90% on Feb. 1: central bank chief

Several rates remain, including the official rate, the central bank's Sayrafa exchange platform rate which currently stands at 38,000 pounds per U.S. dollar.

1 February 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

Tax hike alone not enough, urgent cost cuts needed: World Bank

According to the World Bank, inflation in the Maldives, which is currently at 4%, is expected to rise to 5.7% this year.

7 May 2023

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

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

Maldives inflation spikes again; food prices hike

Traders believe that the main reason for the rise in prices is the difficulty in obtaining dollars and the appreciation of the dollar.

1 August 2024

Egg price spike hits before onion price fix

Some of the largest egg importers had completely run out of eggs on Thursday.

22 December 2023