MVR
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Local News
Maldives’ Green Tax revenue surpasses MVR 1 billion In 2024
The Maldives has received USD 70.4 million (MVR 1 billion) as Green Tax revenue. According to the Maldives Inland Revenue…
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Local News
Customs officers allegedly involved in MVR 400mln bribery scandal
Authorities are investigating a case of alleged bribery involving customs officers, with claims that MVR 400 million was taken as…
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Local News
Former HDC MD responds to MVR 1.4 mln cash allegations
The former Managing Director of the Housing Development Corporation (HDC) Ibrahim Fazul Rasheed has responded to media reports claiming that…
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Local News
Over MVR 10 bln utilized for PSIP projects
The state has utilized over MVR 10 billion for Public Sector Investment Program (PSIP) projects this year. Statistics released by…
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Local News
Green fund grows to MVR 1.6 bln by September
The Finance Ministry has revealed that the Green Fund had accumulated over MVR 1.6 billion by the end of September.…
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Local News
MWSC launches MVR 400mln bond for investment
Male’ Water and Sewerage Company (MWSC) has introduced a bond worth MVR 400 million bond for public investment. First National…
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Local News
HDC recovers MVR 226 mln in outstanding land rent
The Housing Development Corporation (HDC) has recovered MVR 226 million of the MVR 1.3 billion owed to the corporation in…
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Local News
Parliament approves MVR 56.6 bln state budget for 2025
The Parliament has approved a budget of MVR 56.6 billion for 2025. The budget, presented to Parliament on October 31,…
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Local News
MVR 39bln in Construction Ministry projects; unfundable by state budget
The previous administration signed MVR 39 billion worth of projects under the Construction Ministry alone, Minister Dr. Abdullah Muthalib has…
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Local News
MPL targets MVR 100mln monthly revenue by year-end
Maldives Ports Limited (MPL)’s CEO Mohamed Wajeeh has said that the company aims to increase its revenue to MVR 100…
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