• Latest
  • Trending

Encouraged by Moody’s report, Maldives will stick to existing policies, says Finance Minister

September 28, 2017
Gold. Image credits - Jingming Pan / Unsplash

Gold prices drop further in Sri Lanka

May 29, 2023
India in global competition to woo Pacific islands

India in global competition to woo Pacific islands

May 29, 2023
Factum Perspective: Thai elections – A challenge to the military

Factum Perspective: Thai elections – A challenge to the military

May 28, 2023
Using an ancient scepter to win over Tamil Nadu

Using an ancient scepter to win over Tamil Nadu

May 28, 2023
Siddharamaiah: The new face of Karnataka

Siddharamaiah: The new face of Karnataka

May 28, 2023
Bandaranaike MemoriaI International Conference Hall cemented Sino-Lankan ties

Bandaranaike MemoriaI International Conference Hall cemented Sino-Lankan ties

May 28, 2023
Lankan President’s Japan visit will have a salutary effect on relationship

Lankan President’s Japan visit will have a salutary effect on relationship

May 28, 2023
Former Pakistan PM Imran Khan says country is under ‘Undeclared Martial Law’

Former Pakistan PM Imran Khan says country is under ‘Undeclared Martial Law’

May 27, 2023
Logo to mark 100 years of Assistant High Commission of India in  Kandy launched

Logo to mark 100 years of Assistant High Commission of India in  Kandy launched

May 27, 2023
Sengol | Evidence thin on government’s claims about the sceptre

Sengol | Evidence thin on government’s claims about the sceptre

May 27, 2023
Joe Biden’s advisers say he doesn’t want to drag Pacific allies into ‘headlong clash’ between US and China

Joe Biden’s advisers say he doesn’t want to drag Pacific allies into ‘headlong clash’ between US and China

May 27, 2023
Cristiano Ronaldo

Cristiano Ronaldo’s ‘Sajdah’ goal celebration goes viral

May 27, 2023
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Monday, May 29, 2023
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Gold. Image credits - Jingming Pan / Unsplash

    Gold prices drop further in Sri Lanka

    India in global competition to woo Pacific islands

    India in global competition to woo Pacific islands

    Using an ancient scepter to win over Tamil Nadu

    Using an ancient scepter to win over Tamil Nadu

    Siddharamaiah: The new face of Karnataka

    Siddharamaiah: The new face of Karnataka

    Bandaranaike MemoriaI International Conference Hall cemented Sino-Lankan ties

    Bandaranaike MemoriaI International Conference Hall cemented Sino-Lankan ties

    Lankan President’s Japan visit will have a salutary effect on relationship

    Lankan President’s Japan visit will have a salutary effect on relationship

    Former Pakistan PM Imran Khan says country is under ‘Undeclared Martial Law’

    Former Pakistan PM Imran Khan says country is under ‘Undeclared Martial Law’

    Logo to mark 100 years of Assistant High Commission of India in  Kandy launched

    Logo to mark 100 years of Assistant High Commission of India in  Kandy launched

    Sengol | Evidence thin on government’s claims about the sceptre

    Sengol | Evidence thin on government’s claims about the sceptre

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Lankan President’s Japan visit will have a salutary effect on relationship

    Lankan President’s Japan visit will have a salutary effect on relationship

    Joe Biden’s advisers say he doesn’t want to drag Pacific allies into ‘headlong clash’ between US and China

    Joe Biden’s advisers say he doesn’t want to drag Pacific allies into ‘headlong clash’ between US and China

    Cristiano Ronaldo

    Cristiano Ronaldo’s ‘Sajdah’ goal celebration goes viral

    US dollar notes

    ‘The mother of all crises.’ A US debt default would ricochet around the world

    Tsunami

    Scientists warn climate crisis could trigger giant tsunamis from Antarctica

    Emirates

    All Emirates passengers can now avail of free Wi-Fi connectivity onboard

    Ranil Wickremesinghe with Fumio Kishida

    President apologizes to Japanese Government over the termination of LRT project

    It’s up to Sri Lanka to decide on Russia’s proposal for a nuclear plant: Russian Ambassador

    It’s up to Sri Lanka to decide on Russia’s proposal for a nuclear plant: Russian Ambassador

    US dollar notes

    The end of King Dollar? The forces at play in de-dollarisation

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Samahan

    Amitabh Bachchan expresses confidence for Sri Lankan herbal drink Samahan

    ‘Money Back Guarantee’ to mark cinematic debut of cricketing legend Wasim Akram and wife Shaniera

    ‘Money Back Guarantee’ to mark cinematic debut of cricketing legend Wasim Akram and wife Shaniera

    The gran who couldn’t: Indu Balachandran’s latest book is for readers of all ages

    The gran who couldn’t: Indu Balachandran’s latest book is for readers of all ages

    The Weeknd

    The Weeknd is the world’s most popular artist, Guinness World Records says

    Naatu Naatu has millions of views on YouTube and is a viral sensation over social media

    Watch: Oscar winning song Naatu Naatu

    Naatu Naatu has millions of views on YouTube and is a viral sensation over social media

    Indian song ‘Naatu Naatu’ from ‘RRR’ wins Oscar award for best song

    Naatu Naatu has millions of views on YouTube and is a viral sensation over social media

    Naatu Naatu: The RRR song primed for Oscar history

    Keanu Reeves

    11 of the best films to watch in March

    Netflix. Image credits - Souvik Banerjee @rswebsols / Unsplash

    Netflix cuts prices for subscribers in more than 30 countries

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Emirates

    All Emirates passengers can now avail of free Wi-Fi connectivity onboard

    Exercise. Image credits - Victor Freitas @victorfreitas / Unsplash

    5 healthy habits that are easy to add to your day

    Global concern over babies born too soon

    Global concern over babies born too soon

    Nigerian chef Hilda Effiong Bassey

    Nigerian chef cooks for 100 hours in world record attempt

    Batik Air

    Batik Air reinstates daily services between Colombo and Kuala Lumpur

    Confucius tells us how to set ourselves free with ritual

    Confucius tells us how to set ourselves free with ritual

    Sri Lankans enjoy a walk in the beach

    My trip to Sri Lanka restored faith in fellow humans: Australian tourist

    The flavours of Sri Lanka

    The flavours of Sri Lanka

    The Issue of same-sex marriage reaches a critical juncture in India

    The Issue of same-sex marriage reaches a critical juncture in India

    Nasa

    NASA names four astronauts for first crewed moon mission in 50 years

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Whatsapp

    WhatsApp introduces new feature to edit sent messages

    WhatsApp

    WhatsApp will allow users to lock and hide conversations

    Whatsapp. Image credits - AARN GIRI / Unsplash

    WhatsApp announces multi-device feature to support more than one phone

    Apple store in Mumbai

    Apple says ‘Hello Mumbai’ at first India store launch

    WhatsApp

    WhatsApp to introduce five new features in 2023 

    OpenAI has created ChatGPT, a start-up focused on artificial intelligence and its potential use cases. (Image source: OpenAI)

    ChatGPT banned in Italy over privacy concerns

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Gold. Image credits - Jingming Pan / Unsplash

    Gold prices drop further in Sri Lanka

    India in global competition to woo Pacific islands

    India in global competition to woo Pacific islands

    Using an ancient scepter to win over Tamil Nadu

    Using an ancient scepter to win over Tamil Nadu

    Siddharamaiah: The new face of Karnataka

    Siddharamaiah: The new face of Karnataka

    Bandaranaike MemoriaI International Conference Hall cemented Sino-Lankan ties

    Bandaranaike MemoriaI International Conference Hall cemented Sino-Lankan ties

    Lankan President’s Japan visit will have a salutary effect on relationship

    Lankan President’s Japan visit will have a salutary effect on relationship

    Former Pakistan PM Imran Khan says country is under ‘Undeclared Martial Law’

    Former Pakistan PM Imran Khan says country is under ‘Undeclared Martial Law’

    Logo to mark 100 years of Assistant High Commission of India in  Kandy launched

    Logo to mark 100 years of Assistant High Commission of India in  Kandy launched

    Sengol | Evidence thin on government’s claims about the sceptre

    Sengol | Evidence thin on government’s claims about the sceptre

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Lankan President’s Japan visit will have a salutary effect on relationship

    Lankan President’s Japan visit will have a salutary effect on relationship

    Joe Biden’s advisers say he doesn’t want to drag Pacific allies into ‘headlong clash’ between US and China

    Joe Biden’s advisers say he doesn’t want to drag Pacific allies into ‘headlong clash’ between US and China

    Cristiano Ronaldo

    Cristiano Ronaldo’s ‘Sajdah’ goal celebration goes viral

    US dollar notes

    ‘The mother of all crises.’ A US debt default would ricochet around the world

    Tsunami

    Scientists warn climate crisis could trigger giant tsunamis from Antarctica

    Emirates

    All Emirates passengers can now avail of free Wi-Fi connectivity onboard

    Ranil Wickremesinghe with Fumio Kishida

    President apologizes to Japanese Government over the termination of LRT project

    It’s up to Sri Lanka to decide on Russia’s proposal for a nuclear plant: Russian Ambassador

    It’s up to Sri Lanka to decide on Russia’s proposal for a nuclear plant: Russian Ambassador

    US dollar notes

    The end of King Dollar? The forces at play in de-dollarisation

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Samahan

    Amitabh Bachchan expresses confidence for Sri Lankan herbal drink Samahan

    ‘Money Back Guarantee’ to mark cinematic debut of cricketing legend Wasim Akram and wife Shaniera

    ‘Money Back Guarantee’ to mark cinematic debut of cricketing legend Wasim Akram and wife Shaniera

    The gran who couldn’t: Indu Balachandran’s latest book is for readers of all ages

    The gran who couldn’t: Indu Balachandran’s latest book is for readers of all ages

    The Weeknd

    The Weeknd is the world’s most popular artist, Guinness World Records says

    Naatu Naatu has millions of views on YouTube and is a viral sensation over social media

    Watch: Oscar winning song Naatu Naatu

    Naatu Naatu has millions of views on YouTube and is a viral sensation over social media

    Indian song ‘Naatu Naatu’ from ‘RRR’ wins Oscar award for best song

    Naatu Naatu has millions of views on YouTube and is a viral sensation over social media

    Naatu Naatu: The RRR song primed for Oscar history

    Keanu Reeves

    11 of the best films to watch in March

    Netflix. Image credits - Souvik Banerjee @rswebsols / Unsplash

    Netflix cuts prices for subscribers in more than 30 countries

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Emirates

    All Emirates passengers can now avail of free Wi-Fi connectivity onboard

    Exercise. Image credits - Victor Freitas @victorfreitas / Unsplash

    5 healthy habits that are easy to add to your day

    Global concern over babies born too soon

    Global concern over babies born too soon

    Nigerian chef Hilda Effiong Bassey

    Nigerian chef cooks for 100 hours in world record attempt

    Batik Air

    Batik Air reinstates daily services between Colombo and Kuala Lumpur

    Confucius tells us how to set ourselves free with ritual

    Confucius tells us how to set ourselves free with ritual

    Sri Lankans enjoy a walk in the beach

    My trip to Sri Lanka restored faith in fellow humans: Australian tourist

    The flavours of Sri Lanka

    The flavours of Sri Lanka

    The Issue of same-sex marriage reaches a critical juncture in India

    The Issue of same-sex marriage reaches a critical juncture in India

    Nasa

    NASA names four astronauts for first crewed moon mission in 50 years

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Whatsapp

    WhatsApp introduces new feature to edit sent messages

    WhatsApp

    WhatsApp will allow users to lock and hide conversations

    Whatsapp. Image credits - AARN GIRI / Unsplash

    WhatsApp announces multi-device feature to support more than one phone

    Apple store in Mumbai

    Apple says ‘Hello Mumbai’ at first India store launch

    WhatsApp

    WhatsApp to introduce five new features in 2023 

    OpenAI has created ChatGPT, a start-up focused on artificial intelligence and its potential use cases. (Image source: OpenAI)

    ChatGPT banned in Italy over privacy concerns

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Around South Asia

Encouraged by Moody’s report, Maldives will stick to existing policies, says Finance Minister

Editor by Editor
September 28, 2017
in Around South Asia, Around The World, Business, Maldives, Top Story
Reading Time: 2 mins read
3 0
A A
Share on WhatsApp

Male,September 28 (newsin.asia): Encouraged by Moody’s positive credit profile of the Maldives, the Yameen government will stick to its existing economic policies for the remainder of its term, Finance Minister Ahmed Munawar has said.

Responding to Moody’s report released on Wednesday, Munawar said: “The report is a further vindication of this administration’s economic plans. It confirms that the current approach is working. Year on year, this administration is delivering the policies and projects that increases economic prosperity for our nation’s citizens.”

“The report encourages this administration to stick to the economic framework that has brought us this far. Expect more of the same for the remainder of this administration’s term.”

ADVERTISEMENT

Munawar described the  credit rating B2 stable is a “public good”.

“It benefits the whole nation. As such, it is incumbent upon our communities to maintain, and improve, the rating. We must work together to sustain political stability and create an enabling environment for growth and fiscal balances. This administration remains committed to policies necessary to improve the credit rating.” he said.

Ready to Meet Challenges

About the challenges pointed out by Moody’s, Munawar said: “We are ready to tackle them. All developing countries must navigate economic obstacles in pursuit of advancement.”

The B2 stable rating, the report states, reflects healthy economic growth on the back of a competitive tourism sector, strong debt affordability matrix supported by a large revenue base and a well-funded banking system.

 Maldives’ GDP grew to 3.9% in 2016 from 2.8% the previous year. In addition to the tourist industry, economic growth has been driven by the administration’s infrastructure investment.

The administration has looked to its international economic partners to fund key projects – one of which is the expansion of Velana International Airport. The work, which commenced last year and is accelerating in progress, will increase the capacity from 1.5 to 7 million passengers per year.

Velana International airport

Economic Diversification

Beyond tourism, the administration is encouraging wider economic diversification – which the Moody’s report underlines as key to achieve further growth.

The current administration established Special Economic Zones (SEZs) to stimulate business and entrepreneurship, like finance and shipping, through tax incentives.

Tourism related enterprises may not exceed 20% of businesses in these zones.

Moody’s also highlighted the increase in foreign exchange reserves over the past year. This was bolstered by the nation’s successful inaugural bond issuance last summer, which was twice oversubscribed.

(The featured image at the top is that of the Maldivian Finance Minister Ahmed Munawar)

Related Posts

Gold. Image credits - Jingming Pan / Unsplash
Around South Asia

Gold prices drop further in Sri Lanka

May 29, 2023
India in global competition to woo Pacific islands
China

India in global competition to woo Pacific islands

May 29, 2023
Factum Perspective: Thai elections – A challenge to the military
Around The World

Factum Perspective: Thai elections – A challenge to the military

May 28, 2023
Using an ancient scepter to win over Tamil Nadu
India

Using an ancient scepter to win over Tamil Nadu

May 28, 2023
Siddharamaiah: The new face of Karnataka
India

Siddharamaiah: The new face of Karnataka

May 28, 2023
Bandaranaike MemoriaI International Conference Hall cemented Sino-Lankan ties
Arts

Bandaranaike MemoriaI International Conference Hall cemented Sino-Lankan ties

May 28, 2023
  • Electricity

    Power cut schedule for today in Sri Lanka: Uninterrupted power supply

    60239 shares
    Share 24118 Tweet 15051
  • Registration open for National Fuel Pass

    6641 shares
    Share 2694 Tweet 1645
  • Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

    1840 shares
    Share 743 Tweet 457
  • WATCH : Yohani’s first live performance in India

    790 shares
    Share 329 Tweet 192
  • Power interruption schedule released: Check your area power cut time

    742 shares
    Share 320 Tweet 176
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

eskisehir escort -

https://www.vudols.com/

- Sağlık Personeli - mersin escort - Antalya korsan taksi -
ip booter