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Fayyaz Pins Economic Collapse on Government Mismanagement, Criticises MMA Inaction

MDP Chairperson Fayyaz Ismail criticised the Maldives Monetary Authority for inaction amid rising prices, citing high costs for basics, a strong dollar and over MVR 13 billion in unpaid government bills. Official data showed consumer prices rose 4.55 percent year-on-year in May, with electricity prices up nearly 13 percent.

Tracked above MVR 50 Food pricesnearly 13 percent Electricity and water tariffs

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What are the key figures?

Sources 1carried it 1 of 19 news outlets we monitor
Figures7as written, with their sentences

One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

Who said what

the reports' own quoted words, each once
  • An apple costs MVR 10, one kilogramme of onion costs above MVR 50, food is in short supply, medicines are not available, the dollar is above MVR 20.20, and small businesses are in debt. Government bills unpaid are now above MVR 13 billion

    Fayyaz Ismail Maldives Republic Open the report (Maldives Republic)

  • When the economy goes to this situation, the MMA should be concerned about it

    Fayyaz Ismail Maldives Republic Open the report (Maldives Republic)

  • The governor fled when the people’s elected representatives tried to clarify the situation

    Fayyaz Ismail Maldives Republic Open the report (Maldives Republic)

  • This is not a government that knows the plight of the people and wants to look at it. The prices of basic necessities did not go up; the price of MVR went down. The government’s actions will still make it go down

    Fayyaz Ismail Maldives Republic Open the report (Maldives Republic)

How the reporting differs

one source so far

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

as written, with the sentence they come from
  • MVR 10 Price of an apple Maldives Republic An apple costs MVR 10, one kilogramme of onion costs above MVR 50

    Word for word from the report in Maldives Republic. Open the report

  • above MVR 50 Price of one kilogramme of onion Maldives Republic one kilogramme of onion costs above MVR 50

    Word for word from the report in Maldives Republic. Open the report

  • above MVR 20.20 US dollar exchange rate Maldives Republic the dollar is above MVR 20.20

    Word for word from the report in Maldives Republic. Open the report

  • above MVR 13 billion Unpaid government bills Maldives Republic Government bills unpaid are now above MVR 13 billion

    Word for word from the report in Maldives Republic. Open the report

  • 4.55 percent Consumer price inflation, year-on-year Maldives Republic consumer prices in the Maldives rose 4.55 percent year-on-year in May, according to the National Bureau of Statistics

    Word for word from the report in Maldives Republic. Open the report

  • 0.48 percent Consumer Price Index change from April Maldives Republic The Consumer Price Index also rose 0.48 percent from April, reflecting persistent inflationary pressures.

    Word for word from the report in Maldives Republic. Open the report

  • nearly 13 percent Electricity price annual increase Maldives Republic Electricity prices posted the largest annual increase at nearly 13 percent

    Word for word from the report in Maldives Republic. Open the report

Subjects

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Named in these reports

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