The audit report of the tourism ministry for 2014 has raised fresh allegations of corruption over the lease of islands and lagoons for resort development during...
Velana is a reference to former President Ibrahim Nasir, the president's office explained, who oversaw the development of the Maldives' first international airport as prime minister...
Feydhoo Finolhu, the nearest uninhabited island to Malé and the international airport, has been leased to a Chinese company for 50 years at an acquisition cost...
Malaysia-based security firm Nexbis Solutions has won an arbitration award of US$15 million as compensation for the Maldivian government's termination of a US$39 million border control...
The civil court ordered the state-owned Maldives Ports Limited to buy diesel for its vehicles exclusively from Meridiam Services, a company linked to ruling party MP...
The government signed Sunday a US$50 million loan agreement with the OPEC Fund for International Development to finance the expansion of the Ibrahim Nasir International Airport. According...
President Abdulla Yameen has described international money-laundering checks as “red tape” that inflicts disproportionate burdens on small economies.
The high court has ruled the government’s seizure of two lagoons leased to Gasim Ibrahim’s Villa Group lawful in a verdict that critics claim was politically...
The MMA confirmed to the Maldives Independent that it invested in a US$140 million government-guaranteed bond issued by the Maldives Airports Company Ltd on November 15,...
The parliament passed with a 60-vote majority on Thursday the MVR26.7 billion (US$1.7 billion) budget proposed for 2017, approving the government's spending plans and revenue raising...
The move comes after hundreds of Maldivians planning to travel during the school holiday season queued for hours outside the only Bank of Maldives branch in...
The government of the Maldives has paid US$271million in damages to Indian infrastructure firm, GMR, for the abrupt termination of a lucrative contract to develop and...
The government awarded today a project worth MVR161.8 million (US$10.4 million) to Alia Construction to convert the Equatorial Convention Centre in Addu City to a 100-bed...
A minister told the parliament's budget review committee Thursday that the government did not plan to exempt Maldivians from paying the proposed US$25 Airport Development Charge.
A US$25 airport development charge, a "congestion tax" and increased import duties for tobacco and fizzy drinks are among a raft of revenue-raising measures proposed in...
Along with an ambitious infrastructure scale-up, the finance minister said the budget is geared towards bringing the Maldives' growing debt on a sustainable footing
Yameen is being accused of cracking down on businesses owned by lawmakers loyal to his half-brother, following a renewed bid by the government to seize properties...
