projects
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Local News
Gov’t spending on PSIP projects drop by 70 percent
Spending on Public Sector Investment Program (PSIP) projects has seen a significant decline of 70 percent this year. According to…
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Local News
Pres raises minimum investment to US$100 mln for national security cross-subsidy projects
President Dr Mohamed Muizzu has amended and re-enacted a Presidential Decree which establishes the priority projects to be undertaken in…
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Local News
CFC opens loan application for agricultural projects
The Common Fund for Commodities (CFC) has opened the opportunity to apply for loans aimed at supporting small and medium…
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Local News
Central bank projects over USD 40 min exchange under new forex regulations
The central bank, Maldives Monetary Authority (MMA) has revealed that it expects local tourism establishments to exchange over USD 40…
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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
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
Gov’t completes 38 projects in first year
The current administration has successfully completed 38 projects in its first year, the Construction Ministry announced on Tuesday. President Dr.…
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Local News
Finance Minister highlights challenges of underfunded projects, pledges prioritized implementation
Finance Minister Moosa Zameer today said that many projects face stalled progress due to being allocated small amounts in the…
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Local News
Pres Dr. Muizzu announces ambitious housing projects for 2025
President Dr. Mohamed Muizzu has announced plans to construct 15,000 housing units in the Male’ area and 12.940 housing units…
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Local News
Budget financing crucial to carry out projects, says governor
The central bank, Maldives Monetary Authority (MMA)’s Governor, Ahmed Munawwar, has cautioned that the country’s reserves will be affected if…
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