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Economy

The latest headlines, context, and expert insights from our economy desk.

Concerns mount over state media funding; Calls for transparency and better review
Politics

Concerns mount over state media funding; Calls for transparency and better review

Four prominent media organizations have publicly raised concerns over the MVR 28 million state-funded media grant, alleging that the allocation process lacked transparency and fairness, and may have involved conflicts of interest. The criticism follows the Ministry of Youth Empowerment,...

FrontPage Editorial•1 min read
91 percent of budget allocated for housing untouched
Politics

91 percent of budget allocated for housing untouched

Finance Ministry’s statistics show that the 91 percent allocated in this year’s state budget for housing has been untouched despite the budget being hailed by the government as a “housing-centric” budget. President Dr. Mohamed Muizzu, who served as the Housing Minister for seven years, specialized...

FrontPage Editorial•1 min read
Cost of living in Maldives the highest in South Asia
Economy

Cost of living in Maldives the highest in South Asia

Statistics show the cost of living in the Maldives is the highest in South Asia. Bangladeshi media outlet,Fintech News BD, published a statistics of the estimated monthly cost of living for a single person, excluding rent, across South Asian Association for Regional Cooperation (SAARC)...

FrontPage Editorial•1 min read
85 percent of travel budget already spent: Finance data
Economy

85 percent of travel budget already spent: Finance data

Finance Ministry figures show that 85 percent of the state’s travel budget for 2025 has already been spent, with two months still remaining in the fiscal year. According to the latest statistics, MVR 212.3 million has been spent out of the MVR 249.1 million allocated for travel. This leaves a...

FrontPage Editorial•1 min read
Govt to hike single mothers’ allowance, roll out new thalassaemia support
Politics

Govt to hike single mothers’ allowance, roll out new thalassaemia support

President Dr Mohamed Muizzu has announced that the allowance for single mothers will be increased, and a new allowance for thalassaemia patients will be introduced starting January 2026. The President made the announcement while addressing residents of L. Gan during his ongoing tour of the...

FrontPage Editorial•1 min read
President pledges MVR 2.3B payout, projects outsourced to private firms -in 10 days
Politics

President pledges MVR 2.3B payout, projects outsourced to private firms -in 10 days

President Dr. Mohamed Muizzu has announced that the government will pay MVR 2.3 billion to private businesses and award multiple development projects to private construction companies within the next 10 days. Speaking at a public gathering in Laamu atoll Gan on Tuesday evening, the President said...

FrontPage Editorial•1 min read
MVR 68M Waqf investment planned across five islands
Economy

MVR 68M Waqf investment planned across five islands

The government will invest MVR 68 million in Waqf buildings across four cities and Villingili in Gaafu Alif Atoll, according to Minister of Islamic Affairs Dr. Mohamed Shaheem Ali Saeed. In a Facebook post accompanied by 3D renderings of the proposed buildings, Shaheem said the Waqf projects will...

FrontPage Editorial•1 min read
Audit: MVR 191M in student loans unpaid by 2022, recovery stalled
Economy

Audit: MVR 191M in student loans unpaid by 2022, recovery stalled

The Auditor General’s Office has revealed that MVR 191 million in higher education loans remained unpaid by the end of 2022, with no documented efforts to recover the funds in accordance with state finance regulations. The findings were published in the 2022 audit report of the Ministry of Higher...

FrontPage Editorial•1 min read