"Although the growth rate is likely to exceed expectations in the short term, substantial downside risks continue to cloud the medium-term and long-term growth prospects of...
State utility firm Fenaka has been fiercely criticised for power cuts in Addu City, where four generators have failed.
The Maldives declares that more than MVR13billion (US$875 million) has been lost or stolen from state coffers since 1999, as it announces efforts to recover assets...
The revenue statistics for last month, published on Wednesday by the Maldives Inland Revenue Authority, records a total revenue of MVR989 million (US$64 million).
The employment share of Maldivians in the booming tourism and construction industries - the main drivers of economic growth - is relatively low as both sectors...
Financed from the government budget, the MVR30 million (US$1.9 million) project for a six-storey building in Hulhumalé was jointly undertaken by the state-owned Housing Development Corporation...
The 'passport card' can be used to make payments and also serve as a national identity card, a health card, and an insurance card.
Hundreds of non-Maldivian fishing vessels have been operating illegally in the nation’s waters, according to an assessment from the Ministry of Fisheries and Agriculture. The assessment...
A special audit of the Southern Transport Link has flagged more than MVR350,000 (US$22,700) worth of income gone missing from the subsidiary of the state-owned Maldives...
State utility firms are operating at a loss, a parliamentary committee has heard, with one power company’s debt standing at around MVR1.6 billion (US$103 million).
Tourist arrivals to the Maldives increased by 5.9 percent as traditional European markets offset a decline in Chinese holidaymakers.
Muiz told reporters at the airport that he would "watch the fabrication work at the factory, seek detailed information, meet with engineers, and see how the...
The runway of the privately-managed airport was lengthened from 1,200 to 1,800 meters to accommodate the Airbus A320, the Boeing 737, and private jets such as...
The changes were prompted by price increases in the global market, the State Trading Organisation said. The prices of crude oil presently stand at US$48.6 per barrel,...
Dr Azeema Adam has stepped down as governor of the central bank to relocate with her husband who recently took up the double post of permanent...
Villa and its subsidiary companies do not owe any money to the state, the legal team insisted in a statement Monday, accusing the Maldives Inland Revenue...
Phase one of the project comprises "a three-island-resorts concept, with a core island township bringing a veritable wealth of world-class food and beverage, retail, entertainment, recreation...
