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Maldives fastest growing South Asian economy, but heavy risk of rising debt: World Bank

edition.mv/business/2679...
Mohamed Rehan 13 Jan 2023

The Maldives is expected to remain the fastest-growing economy in the South Asian region in 2023, but it faces significant dangers rising debt, reports the World Bank. In their recent “Global Economic...

World Bank forecast for Maldivian economy higher than gov't

psmnews.mv/en/115072
12 Jan 2023

Minister of Finance Ibrahim Ameer has stated that the World Bank's forecast for the economy of the Maldives is higher than the government's forecast. He made these remarks in a tweet referring to the...

Central Bank Restricts Dollar Allocation to Commercial Banks Due to Depleting Reserves

themaldivesjournal.com/4...
05 Jan 2023

The central bank has curtailed the allocation of dollars to commercial banks due to a depletion of its dollar reserves. Historically, the central bank has provided dollars to commercial banks to mitig...

Central Bank's Governor unaware of the interest rates of Indian loans

themaldivesjournal.com/4...
15 Dec 2022

The Governor of the Maldives Monetary Authority (MMA) has failed to disclose the interest rates of the loans taken from India by the government. Leaders of the People's Progressive Party (PPM) and Pe...

Four Palestinians dead, soldier wounded as West Bank violence flares

edition.mv/world/26427
Gareth Browne 01 Dec 2022

Israeli troops shot dead three Palestinians in the occupied West Bank Tuesday, Palestinian officials said, before a suspected car-ramming attacker was killed after wounding an Israeli soldier, Israeli...

5 Palestinians killed by Israeli fire in occupied West Bank

en.sun.mv/79398
30 Nov 2022

JERUSALEM (AP) — Israeli troops shot and killed a Palestinian man during an operation Tuesday evening in the occupied West Bank, raising to five the number of Palestinians killed in less than 24 hours...

Israel deploys remote-controlled robotic guns in West Bank

en.sun.mv/79083
17 Nov 2022

AL-AROUB REFUGEE CAMP, West Bank (AP) — In two volatile spots in the occupied West Bank, Israel has installed robotic weapons that can fire tear gas, stun grenades and sponge-tipped bullets at Palesti...

Tax hikes are a meaningful step to increase revenue: World Bank

psmnews.mv/en/112242
16 Nov 2022

The World Bank has stated that tax hikes are a meaningful step to increase revenue. In a tweet, Country Director for the Maldives Faris H. Hadad-Zervos said the World Bank’s analysis shows that the fi...

Man arrested for MVR 170,000 in transactions using fake bank slips

en.sun.mv/78832
08 Nov 2022

Police have arrested a man for purchasing over MVR 170,000 in goods from a shop in Lh. Hinnavaru using fake bank transfer slips. The suspect, identified as a 30-year-old Maldivian male, was arrested u...

Bank of England makes biggest interest rate hike in 30 years

en.sun.mv/78746
04 Nov 2022

LONDON (AP) — The Bank of England rolled out its biggest interest rate increase in three decades Thursday, saying the move was needed to beat back stubbornly high inflation that is eroding living stan...

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