Economy
India extends currency swap facility for Maldives
India has decided to extend the period of the currency swap facility provided to the Maldives, according to the foreign minister.
Business
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Economy
World oil prices rise to 110 dollars per barrel
Oil prices in international markets have climbed to 110 dollars a barrel.
Business
Exhibition of Maldivian products opens in China
Local businesses and creative works are on display at an event aimed at international buyers and visitors.
Business
Fifteen Chinese businesses to showcase products in International District
Minister Saeed said 15 Chinese companies will take part in the International District, offering tools and technologies that can add value for Maldivian small businesses.
Economy
State revenue reaches 31.5 billion rufiyaa with three percent growth
Government revenue has risen by three percent to 31.5 billion rufiyaa, according to figures reported by state media.
Economy
India agrees to roll over $320 million currency swap facility to Maldives
The Reserve Bank of India extends the repayment window on a USD 320 million swap facility to support foreign exchange reserves.
Economy
Official gross international reserves decline to $547 million by end of September
The central bank reports total reserve assets stood at USD 547 million as external debt repayments and import bills mount.
Economy
Maldives updates foreign investment regulations to protect local businesses
The Ministry of Economic Development expands the list of commercial sectors reserved exclusively for Maldivian entrepreneurs.
Economy
State spending surges 18 percent to nearly MVR 36 billion amid rising recurrent costs
Finance Ministry fiscal data shows state spending expanded by 18 percent to MVR 35.8 billion, widening the deficit.
Tourism
Tourism Goods and Services Tax receipts drop 1.5 percent amid shift in tourist spending patterns
Finance Ministry data shows TGST receipts fell by MVR 126 million despite rising overall tourist arrival numbers.