The government earned MVR 287 million from Maldives Customs Service last month.According to statistics published by Customs, this is an increase of 2% compared to...
Category: Economy
President Solih Submits New Bill Regarding Fisheries to the Parliament
President Ibrahim Mohamed Solih submitted a new fisheries bill to the parliament on Tuesday.According to the bill, the government will no longer issue fishing licenses...
MVR 570 million deposited to SDF
MVR 570 million deposited to Sovereign Development Fund (SDF) account as of last week.While MVR 705.6 million was said to be allocated for the SDF...
Hithadhoo, Addu City Flat List has been Released
Approved and rated lists of those who applied for the government flats located in Hithadhoo, Addu City has been released.A total of 446 applied for...
1597 Companies To Be Terminated
The Ministry of Economics ordered the termination of 1597 companies due to failure to pay the annual fees.The Registrar of Companies finalized the decision on...
MVR 1.3 Billion Spent for Development Projects in 2019
Government has spent MVR 1.3 billion on Public Sector Investment Programs (PSIP) projects so far this year.According to the Finance Ministry’s weekly Fiscal Development Statistics,...
Imports and Exports Declines in June
According to the Maldives Customs Service’s statistics, there has been a decline imported and exported by the Maldives in June 2019.The statistic shows there has...
ADB Aids High-Tech Cross-Border Control Systems To Maldives
A financial package encompassing 11 million US dollars has been approved by the Asian Development Bank (ADB).Theirobjectiveistointroduceasingleelectronicplatformto theMaldivestoenhancethespeedandefficiencyofcross-bordercontrolprocessesusingthelatesttechnologies.Mr Masato Nakane, a Senior Economist of ADB...
Price Of Petrol And Diesel Decreased
STO has decreased prices of diesel and petrol.Petrol previously sold for MVR 11.49 per litre will now be available for MVR 11.39, a 10 laari...
MVR 4.1 Billion Worth Goods Imported To Maldives in April
A total of MVR 4.1 billion worth goods have been imported to Maldives in the month of April reports Maldives Customs.This amount is an increase...
Fitch Rating Inc Assigns B+ Sovereign Credit Rating for Maldives
One of the top big three rating agencies in the world, Fitch Ratings has assigned aB+sovereign credit rating for the Maldives.A sovereign credit rating is...
Record Breaking Number Of Tourists Visit Maldives in April
Maldives enjoyed the best numbers in tourist visits in 13 years last month, says Minister of Tourism, Ali Waheed.In a press conference held by the...