6 min read
On 22 May, the Ministry of Tourism announced a 30 percent reduction in acquisition costs for 16 islands tendered on 9 April, citing the ‘current investment climate’ posing challenges to...
6 min read
The South Asian Association for Regional Cooperation (SAARC) came into existence 36 years ago in 1985. The South Asian Preferential Trade Agreement (SAPTA) had come into existence in 1993 and...
5 min read
The Maldives had a free-floating exchange rate between 1987 and 1994, and the exchange rate of US dollars (USD) in terms of Rufiyaa (MVR) ranged between MVR8.50 and 11.50. In...
7 min read
President Ibrahim Mohamed Solih, in his presidential address on 7 February 2019, stated that his Administration aims to raise the foreign currency reserves to USD1 billion by the end of...
