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India approves INR 30 billion currency swap extension, strengthening Maldives financial stability
India has approved the Maldives government's request to roll over an INR 30 billion currency swap facility, reaffirming its commitment to supporting the country's financial stability and strengthening bilateral economic…
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MMA coordinates new Customs-bank system for verifying TT transactions
Maldives Customs Service has signed an agreement with all banks operating in the country to establish a system for verifying…
Fenaka boosts Hoarafushi power capacity with new 1,000 kW generator
Fenaka Corporation has delivered a new 1,000 kW generator set to HA. Hoarafushi as part of efforts to strengthen electricity…
India moves closer to $7.3 billion German submarine deal
India is moving closer to approving a long-delayed $7.3 billion programme to build six advanced conventional submarines with Germany, as…
MTCC set to begin ABC laying as Ameenee Magu repairs reach 90%
The Maldives Transport and Contracting Company (MTCC) has completed 90 percent of subgrade repair works on Segment 1 of Ameenee…
Crime will no longer pay: ACC welcomes landmark asset recovery bill
The Anti-Corruption Commission (ACC) has welcomed the government's submission of the Proceeds of Crime Bill to the People's Majlis, describing…
President Muizzu unmoved by opposition challenges, says public pledges come first
President Dr Mohamed Muizzu has dismissed political rhetoric surrounding the next presidential election, saying his attention remains firmly on delivering…