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World Bank recommends tax on people earning MVR 25,000 a month

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Editorial 09 Aug 2022

The World Bank, has advised Maldives to lower the tax brackets to those earning more than MVR 25,000 per month as income tax revenue is insufficient. The World Bank today released its Public Expenditu...

Police violated law acquiring of local rapper's bank statement

edition.mv/news/25450
Mohamed Rehan 07 Aug 2022

Maldives Criminal Court found local law enforcement authority was in breach when it had acquired the bank statements of the infamous local rapper Ismail Ifham Mohamed, better known locally as "Pest."...

Exim Bank to provide USD 119 million loan for 2,000 housing units

edition.mv/business/2537...
Anaan Bushry 03 Aug 2022

India's Exim bank has agreed to loan 119 million dollars to the Maldives government in order to build 2000 more housing units in the greater Male' area. President Ibrahim Mohamed Solih announced the n...

Israeli court rules against evacuating West Bank settlement

en.sun.mv/76445
29 Jul 2022

JERUSALEM (AP) — The Israeli Supreme Court has cleared the way for Jewish settlers of an outpost in the occupied West Bank to remain in their homes, overturning an earlier eviction order that determin...

Strong second quarter performance by Bank of Maldives

edition.mv/business/2534...
Mohamed Rehan 26 Jul 2022

Bank of Maldives (BML), the national bank of the island nation reports "positive financial performance" for the second quarter of 2022. The bank reports an operating profit of MVR 592 million for the...

Palestinians: Israeli forces kill 2 in West Bank gun battle

en.sun.mv/76376
25 Jul 2022

NABLUS, West Bank (AP) — Israeli troops and special forces on an arrest mission exchanged fire with Palestinians barricaded in a house in the occupied West Bank on Sunday, Israeli police said. The loc...

Two Palestinians killed in Israeli West Bank raid

edition.mv/world/25329
Lamya Abdulla 24 Jul 2022

Israeli forces killed two Palestinians during an overnight raid in the occupied West Bank, officials on the two sides said Sunday, in what the Israeli army described as a shootout with gunmen. The arm...

Sri Lanka’s central bank raises key rates to curb inflation

en.sun.mv/76066
08 Jul 2022

COLOMBO, Sri Lanka (AP) — Sri Lanka’s Central Bank has raised its key interest rates to their highest levels in more than 20 years to try to contain inflation that has added to the country’s economic...

World Bank extends USD10 mil grants for state-backed projects

edition.mv/news/25161
Mohamed Rehan 06 Jul 2022

The Government of Maldives and the World Bank on Tuesday signed a Financing Agreement of SDR 7,300,000 (Special Drawings Rights) which is equivalent to USD10 million. The grant was extended by World B...

Finance Ministry sign $10 million grant with World Bank

en.sun.mv/75976
05 Jul 2022

The Finance Ministry on Monday signed a USD 10 million grant project with the World Bank. The Finance Ministry detailed that the project – Sustainable and Integrated Labor Services (SAILS) was aimed a...

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