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The Government of the Maldives has been actively addressing the challenges faced by State-Owned Enterprises (SOEs), with a major focus on reducing their reliance on government funding and enhancing their...
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When it comes to getting a visa in the Maldives, the conversation differs depending on whether you’re a tourist or a foreigner trying to obtain a residency visa. Although getting...
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The Maldives continues to grapple with challenges related to the treatment and management of expatriate workers, a critical segment of the country's workforce. In response to ongoing concerns, the Ministry...
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In recent times, the Maldives has been seeking ways to amend the employment Act in order to establish a better working environment for the thousands of expatriate workers who move...
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As the Maldives grapples with a growing debt crisis, the government has recognized the urgent need to enhance the efficiency and profitability of State-Owned Enterprises (SOEs) and government companies. In...
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On August 29, 2024, Fitch Ratings downgraded the Maldives' Long-Term Foreign Currency Issuer Default Rating (IDR) from "CCC+" to "CC," reflecting heightened concerns over the country's external and fiscal sectors....
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In recent years, FENAKA Corporation, a key utility provider in the Maldives, has been at the centre of scrutiny due to a series of financial mismanagement issues. The company, which...
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The Maldives, renowned for its picturesque islands and booming tourism industry, is now grappling with a rising tide of economic uncertainty. As the country's debt levels continue to climb, citizens...
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Just as the world started going back to normalcy following the COVID-19 pandemic, the World Health Organisation (WHO) has now declared the mpox virus, formerly known as monkeypox, a Public...
