The Civil Court, on September 6, released an order to freeze the accounts of Sun Travel and Tours, owned by Maldives Development Alliance’s leader and parliamentary representative of Meedhoo, Shaviyan...
Minister of Finance Ibrahim Ameer, on Thursday, asserted that he did not permit the Ministry of Health to transfer 90 percent of the payment without a bank guarantee, referring to the ventilators proc...
The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David Malpass warned Thursday.
The Washington-based development lender previously...
The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David Malpass warned Thursday.
The Washington-based development lender previously...
The Auditor General’s Office said on Tuesday that it discovered during the course of its audit that the Health Ministry had initially attempted to transfer the MVR 30.9 million advance payment to Duba...
Australia's Commonwealth Bank (CBA) reported an 11.3-percent drop in full-year cash profits Wednesday as it took provisions against loan losses due to the coronavirus crisis.
CBA said its statutory ne...
The government has overdrawn MVR 4 billion from the central bank Maldives Monetary Authority (MMA).
The overdraw of the public account means that the MMA lends the government more than the actual amou...
Ministry of Finance has revealed Ahmed Siyam Holdings Private Limited (ASH) has been paying the loan taken from the Export-Import Bank of China under a sovereign guarantee from the government of the M...
Ministry of Finance revealed on Thursday that the sovereign guarantee of USD 127.5 million (MVR 2 billion), which was granted to Ahmed Siyam Holdings Pvt Ltd (ASH), has been paid back in full to the E...
Maldives Inland Revenue Authority (MIRA) has said that as part of the efforts to recover state assets, it had obtained MVR 2 million by freezing various accounts.
The first quarter report for 2020 pub...
