The current administration's ambitious infrastructure scale-up "has the potential for transforming the economy but also carries risks given the country’s large fiscal and external imbalances," a...
The Maldives has raised US$200 million from the sale of its debut sovereign bond issue in the international finance market.
A test flight from the national airline Maldivian landed Thursday morning at the newly-built domestic airport on southern the island of Kudahuvadhoo in Dhaalu atoll.
Finance Minister Ahmed Munawar secured the funds during meetings held on the sidelines of the IDB's annual meeting in Jeddah, Saudi Arabia from May 16 to...
The Maldives Integrated Tourism Development Corporation is evaluating bids for developing a picnic island for public use after reclaiming seven hectares from the Galufalhu lagoon near...
The B+ rating reflects strong economic growth and high government revenue from the tourism sector weighed against high debt and low foreign currency reserves.
Arrivals grew by 15.6 percent in January, the peak season for the industry which also coincided with the Chinese New Year. But the growth rate was...
Three ministers met the press at the president's office to defend the Maldives Inland Revenue Authority, stressing that it is an independent institution whose enforcement actions...
The move comes days after Gasim predicted that Villa's accounts could be frozen ahead of Monday's no-confidence vote against the speaker of parliament.
Gasim had predicted that the high court would rule against Villa. "It looks like a big wave is building, looks like they are going to freeze...
The judgment comes in spite of a Singaporean arbitration tribunal awarding US$26 million in damages to Hilton for Sun Travel's abrupt termination of the Irufushi management...
Developing an airport on the northern island of Kulhudhufushi is a campaign pledge of President Abdulla Yameen. But environmentalists have previously warned that it would destroy...
Saudi Arabia is also funding a grand mosque in Malé that can accommodate 6,000 worshippers. Last week, the housing ministry awarded the US$24 million project to...
The price of a pack of cigarettes has shot up from MVR48 (US$3.11) to about MVR75 (US$5) after the import duty hike from MVR1.25 to MVR2...
President Abdulla Yameen launched Monday morning a US$400 million project awarded to China's Beijing Urban Construction Group to build a new runway at the Velana International...
The high court overturned a lower court order halting the tourism ministry’s takeover of the Kaadehdhoo airport in Gaaf Dhaal airport.
According to state media, the jobs fair in Hulhumalé was organised by the economic development ministry and the state-owned Housing Development Corporation at the behest of...
