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World Bank forecasts Maldives’ debt to reach 115%, GDP growth to slow
The World Bank has forecast that Maldives’ debt will reach 115 percent of GDP this year, and that GDP growth will be slower than previously forecast. The World Bank said in its South Asia Development Update that the Maldivian economy is expected to grow by 8.2 percent this year, but that this growth will slow […]
Shareef appointed MACL managing director
Ibrahim Shareef Mohamed, who has held senior positions in various governments, has been appointed as the Managing Director of Maldives Airports Company Limited (MACL). Shareef, who most recently served as Maldives’ Trade Representative in Australia, has previously held roles as Commissioner General of Customs and Chairman of the Transport Authority. With a career in public […]
Manta Air says open to 100% dollar salaries again if conditions permit
Manta Air clarified on Tuesday that it was compelled by a legal change to alter its salary policy, with 50% of employees’ salaries now be paid in Maldivian Rufiyaa and the remaining 50% in US dollars. The airline previously paid all salaries fully in US dollars. According to a press statement issued by the airline on […]
