A digest of news and opinion from the Maldives.
Ministry of Finance has revealed that Maldives received MVR 905 million as free aid this year. Publicized on the weekly fiscal development report, as of 17th November, MVR 905.2 was received as free aid. In comparison, MVR 1.1 billion was received as free aid in the same period of last year. The annual state budget […]
President Ibrahim Mohamed Solih has ratified the 9th Amendment to the Decentralization Act (Act no: 07/2010). Parliament passed the bill at the 27th sitting of its third session held on Sunday, December 6, 2020. The amendment stipulates the statutes under which Councils may create and implement policies and regulations while administering constituents. It also outlines […]
The Maldives Securities Act has now been amended to broaden the country’s capital market. President Ibrahim Mohamed Solih ratified the Second Amendment Bill to the Maldives Securities Act (Act No. 2/2006) yesterday. The amendment was passed by the Parliament on 6th December 2020, at the 27th sitting of the third session of the People’s Majlis. […]
Vice President Faisal Naseem has inaugurated the ‘Saafu Hulhumalé’ cleanup initiative at a special ceremony held yesterday afternoon at Hulhumalé City. In his remarks the Vice President reiterated the Government’s commitment to protecting the environment, ensuring road safety and providing clean and safe neighbourhoods. He highlighted that the Government’s first large-scale programme after assuming office […]
President Ibrahim Mohamed Solih has on Thursday ratified the Transitional Justice Act (Act number: 28/2020). The Act was passed by the Parliament on 29 November 2020, at the 23rd sitting of the third session of the People’s Majlis. The key goals of the Transitional Justice Act are to end the culture of impunity and strengthen […]
Ministry of Fisheries, Marine Resources and Agriculture has announced that B. Maaddoo will no longer be released for agricultural purposes. Earlier last month, the Ministry announced that B. Maaddoo along with 5 other islands will be leased for agricultural purposes. However, the Ministry has revealed its decision to retract B. Maaddoo from the list and […]
The latest statistics show that total COVID-19 related state expenditure has reached MVR 2.72 billion. Of this, MVR 1.3 billion has been spent on health and social efforts. According to the weekly COVID-19 spending report by the Ministry of Finance, a total of MVR 1,342.6 million was spent on health and social efforts by 10th […]
President Ibrahim Mohamed Solih has today established the Utility Regulatory Authority, under the Ministry of Environment. The announcement was made public yesterday through a directive released by the President’s Office. The authority was established following the ratification of the Utility Regulatory Authority Act (Law No. 26/2020). The establishment of a Utility Regulatory Authority is mandated […]
Speaker of Majilis and the former President of Maldives, Mohamed Nasheed has said that the Maldives requires a further 2 year grace period in order to repay the country’s debt to China. Nasheed said this in a tweet replying to the Chinese Ambassador to the Maldives, Zhang Lizhong’s refute against Nasheed’s claim on that Maldives […]