Tax hike may lead to $50 million tourism loss, MATATO warns

MATATO's statement accused Minister Ameer of giving “flawed” information to the IMF and the World Bank.

24 November 2022

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

Climate change impacts more than ever now: Shauna

Shauna said that climate change has become “an existential threat for us”.

15 April 2023

Maldives to see fastest growth in South Asia in 2023: World Bank

The Washington-based development bank said Maldives economic growth is expected to moderate to 8.2% in 2023.

11 January 2023

Solar installation to save MVR 15-20m from fuel costs begins

Speaking on the occasion, World Bank Vice President Martin Raiser said that the Maldives is one of the worst sufferers of climate change.

8 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

Despite looming cost hikes, subsidy reforms take back seat

Local experts say it was not possible for any government to reform subsidies

8 May 2023

World Bank criticises second housing company

According to the World Bank, financial burden of the loans taken by FDC for the housing projects must be borne by the finance ministry.

12 October 2022