Maldives Projects 37% Reduction in Domestic Financing Under 2027 Budget
The Maldives projects a 37% drop in domestic financing to MVR 11.9 billion in 2027, while external financing is expected to rise to MVR 6.9 billion.
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LGA Introduces Online Complaints System Ahead of Board Elections
The LGA has opened an online complaints channel for its 31 October board elections, with 807 eligible voters set to decide two contested seats.
Vice President Departs for Commonwealth Heads of Government Meeting
Vice President of the Maldives departed for Antigua and Barbuda to attend the 28th CHOGM.
Two Convicted in MVR 6.8 Million Fuel Embezzlement Case Involving MPL
A former MPL procurement chief manager and a Bangladeshi national have been convicted over falsified diesel delivery records involving 783,100 litres of fuel and MVR 6.8 million in payments.
Maldives’ 2027 Budget Aims to Lay Foundation for Developed-Nation Status by 2040
Finance Minister Hassan Zareer says the proposed 2027 budget will lay the groundwork for the Maldives to achieve developed-nation status by 2040.
Maldives Allocates MVR 3 Billion for Housing in 2027 Budget, Including MVR 750 Million for Homebuyers
The 2027 budget proposes MVR 3 billion for housing, including MVR 750 million to assist homebuyers and builders with equity contributions.
Maldives Proposes MVR 59.7 Billion Budget for 2027, Down MVR 4.5 Billion from 2026
The Maldives has proposed a MVR 59.7 billion budget for 2027, with MVR 52.6 billion in projected expenditure and healthcare receiving MVR 10.6 billion.
Road Accidents Fall After Police Launch Reckless Driving Operation
Road accidents in Hulhumalé fell by 36.8% following the launch of a police operation targeting reckless driving, while accidents in Malé declined by 17.2% after traffic enforcement measures were intensified, according to figures released by the Maldives Police Service.
MTCC Signs Agreements for Road Development in 11 Islands
The Ministry of Infrastructure, Housing and Urban Development has signed agreements with Maldives Transport and Contracting Company (MTCC) to carry out infrastructure development projects across 11 islands.