The government has been pushing airport development.
The Maldives has been borrowing heavily from China, but details of the loan are not clear.
The Anti-Corruption Commission says the state incurred heavy losses due to a 2013 settlement agreement with Villa that waived rent for properties leased for resort development.
Foreign investments will no longer be authorised in event management, renting of audiovisual equipment, and sale or renting of musical instruments.
A billion rufiyaa was collected last month by the Maldives tax authority.
The package will improve the efficiency of public services and finances, says the World Bank.
Former president Mohamed Nasheed said he will renegotiate the Maldives’ debt to China, accusing Beijing of dragging Maldives into a debt trap. Nasheed, who won the...
The loan is to be "repaid at the government's convenience" with no deadline, the tourism minister told the press at a ceremony held to sign a...
The Indian firm says it is not liable for any taxes due to an arbitration payout over the cancellation of its airport development deal.
A Maldives' NGO has warned that not enough is being done to minimise the damage caused by airport construction.
The opposition has long criticised the cost of the current administration's flagship projects as wildly inflated, alleging graft and misuse of public funds.
Visitor numbers reached 119,713, down from 119,774 in the same period last year.
The value of fish exports rose to MVR368 million in April, up from MVR208 million in the same period last year.
Housing Minister Dr Mohamed Muizz told the press that the swimming area will be deepened and an outdoor gym, cafés, seats and open showers will be...
The tourism ministry published new rules for calculating acquisition costs to separately lease lagoons of islands leased for tourism development.
The Maldives listed a US$100 million sovereign bond on the Abu Dhabi Securities Exchange (ADX) last Thursday in a private placement by the Abu Dhabi Fund for...
Government borrowings, which accounted for 91 percent of the total external debt stock, "grew significantly by US$316.2 million and totalled US$1.1 billion" as debt-to-GDP ratio rose to...