Maldives Economy News
The Maldives economy depends heavily on tourism and imports, which makes the dollar rate, debt and government spending big stories. We cover the budget, inflation, the rufiyaa, foreign debt and the policies shaping how Maldivians earn and spend.
MIFCO sets three skipjack prices based on catch size
MIFCO now pays fishermen between MVR 21 and MVR 22.75 per kilogram for skipjack tuna, depending on how much fish a boat delivers. Boats landing up to five tonnes will get less per kilogram than the MVR 22 rate set in September.
Government to act on 161 stalled resort sites, minister says
Tourism Minister Mohamed Ameen says 161 islands and lagoons leased for resorts remain undeveloped, and that enforcement of new rules allowing leases to be terminated will start within a week. No lease has been terminated yet.
MMA limits the USD 1,000 medical allowance to six countries
Maldivians paying for their own treatment abroad can buy USD 1,000 only for India, Sri Lanka, Thailand, Singapore, Malaysia and the UAE. Aasandha patients can still buy USD 2,000.
MTCC begins building six jetties at Malé North Harbour
MTCC has begun construction of six finger jetties at Malé North Harbour at a cost of MVR 18.98 million.