The finance ministry touted a surge in the price of the Maldives' sovereign sukuk as "a demonstration of strengthening investor confidence and the success of the government's fiscal management". The Islamic bond was trading at US$ 87.44 on Monday, up from US$ 64.72 in early April. The "upward trajectory" reflects repayment to a private creditor in March and a sukuk coupon payment made in April, according to the ministry.
Agreements made by the previous government with recipients of land plots under the Binveriya scheme will not be cancelled, the housing ministry announced. According to the minister, his previous decision to offer amended agreements was reversed to expedite the registration and handover process. The ministry decided to honour existing agreements and to sign an addendum specifying the reallocation of plots due to changes made to the land use plan, he said.
STELCO will complete a transition to smart meters and a smart application by September, enabling users to track their electricity usage and addressing complaints about inflated bills, the state-owned utility's managing director announced.
Dead bigeye scad washed ashore on Baa Kendhoo. The mass deaths could have been caused after a large school of fish entered the harbour basin and got trapped without enough oxygen, the island council president speculated.
The majority of diarrhoea, vomiting, and influenza cases since mid-June were concentrated in the Malé area, including 2,370 out of the 3,763 cases of vomiting and diarrhoea, and 228 out of 239 influenza cases, according to the HPA. Influenza cases more than doubled in the first week of July compared to mid-June.
Parliament’s public accounts committee met the Anti-Corruption Commission in a closed-door session.
MTCC launched a MVR 49 million (US$ 3 million) project to build a harbour in Noonu Fohdhoo.
The ruling party majority in parliament rejected a motion from opposition MP Dr Ahmed Shamheed about services at the Hulhumalé hospital. The motion raised concern over staff and doctor shortages, the absence of specialist doctors, the suspension of overtime pay, and recent service disruptions caused by power outages and server failures.
