A digest of news and opinion from the Maldives.
Lawmakers of ruling coalition at the parliamentary budget review committee meeting. PHOTO: NISHAN ALI/MIHAARU Parliament’s budget review committee on Monday passed the proposed state budget for the year 2018 with only one amendment. The proposed budget of MVR 27.9 billion was passed with the consensus of the twelve parliamentarians of the ruling coalition present at […]
The Maldives central bank has warned of dwindling national reserves as the rate of foreign borrowing increases. Governor Ahmed Naseer of the Maldives Monetary Authority (MMA) sounded the alarm in a statement sent to the parliamentary budget review committee, which met Monday. The committee cancelled two hearings they had scheduled with him and the auditor […]
The original Dhivehi article was published on Avas.mv website on 16th November 2017. The following is a loose translation: The new budget is a new hope. It is a new opportunity for the citizens. A prosperous future. In short, the release of the next year’s budget triggers happiness. However, Maldives budget shows a very scary […]
MNDF soldiers pictured during a training session. PHOTO/MNDF The Maldives military is to hold special training sessions with arms in capital Male and its suburbs next week. Maldives National Defence Force (MNDF) announced that the training sessions will be held in Male, Hulhumale, Villimale and Thilafushi from next Monday to Friday. MNDF soldiers will be […]
On October 20, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with Maldives. Maldives’ economic growth has been highly volatile, driven primarily by high-end tourism and construction. The economy grew by 3.9 percent in 2016 and continues to improve in 2017 on a recovery in tourism and […]
The education system in Maldives will be digitalised next year according to the government of Maldives. Students studying in all schools will be provided with tablets to study in this digitalisation process. Taking a more modern and technological approach towards education, MVR 154 million was budgeted for the development of education system in the proposed […]
I-beams are placed at the approach bridge on the Male end of the China-Maldives Friendship Bridge PHOTO: NISHAN ALI/MIHAARU The Chinese contractor for the landmark bridge, being developed between capital Male and airport island Hulhule, announced that 67 percent of the development is complete. In a news conference held at CCCC Second Harbour Engineering Company’s […]
Aerial shot of the China-Maldives Friendship Bridge being developed between Male and Hulhule. PHOTO/ HOUSING MINISTER TWITTER The government has proposed to allocate over MVR 7 billion next year for the development of four airports, reclamation of 20 lagoons, and nine other mega projects. Airport development and lagoon reclamation were also included in this year’s […]
Finance Minister Ahmed Munawar submitted for parliamentary approval Wednesday a record MVR27.9 billion (US$1.8 billion) budget for 2018. Opposition lawmakers continued to protest with chants of “government of thieves” while Munawar presented the budget projections. “The goal of the 2018 budget is developing human resources for building the nation along with spending on infrastructure development […]