Maldives omitted from Corruption Perceptions Index for third year

“There have been no developments to suggest that the situation may have improved this year even if Maldives were to appear in the index,” said Transparency Maldives Advocacy and Communications Manager Aiman Rasheed.

Parliament removes its requirement to authorise government loans

Parliament passed amendments to the Public Finance Act today reversing changes brought to the law in 2010 to require parliamentary approval for obtaining loans, providing sovereign guarantees, and leasing or selling state assets.

Malé City Council close to shut-down after police confiscate documents and server system

Police searched and confiscated the council’s office last night after a obtaining a search warrant regarding a corruption case against council staff members.

President Yameen’s anniversary – The economy in review

After being touted as an economist with a plan and the expertise to rescue the Maldives from its “deep economic pit”, how did President Yameen’s economic plans turn out during his first year in office?

Western governments, international institutions scaring off potential investors, claims MMA governor

“Western governments and international institutions not only keep on issuing public statements and reports on the Maldives, they would go whatever length it takes to portray the Maldives as not-so-sunny side of life to the potential investors,” Adam claimed in a speech delivered at the Berlin Economic Forum on November 9.