Investor Panic Grows Over Potential Maldives Sukuk Default
Investors are increasingly offloading Islamic bonds from the Maldives amid rising fears that the nation could default on its debt,…
PCB Directs State-Owned Companies to Cut Costs Amid Economic Challenges
The Privatisation and Corporatisation Board (PCB) has issued a directive to state-owned companies, urging them to implement stringent cost-cutting measures…
BML Silent on Coup Allegation as Senior Government Officials Demand CEO Resignation
The Bank of Maldives (BML) has found itself at the centre of a political storm, with senior government officials alleging…
Police Probe Alleged Coup Attempt Following BML’s Suspension of Foreign Transactions
The Maldives Police Service (MPS) has launched an investigation into allegations that the opposition attempted to stage a coup d’état…
Nasheed Calls for Full Transparency on Financial Crisis
Former President Mohamed Nasheed has called for a transparent explanation of the Maldives’ financial situation, following the Bank of Maldives’…
Analysts Warn of Economic Turmoil Following BML’s Halt on Dollar Transactions
Analysts are warning of severe economic repercussions following the Bank of Maldives’ (BML) decision to halt foreign transactions on cards…
Bank of Maldives Curtails Foreign Transaction Limits on Cards
The Bank of Maldives has announced immediate changes to its card limits for foreign transactions, citing an increase in foreign…
BML Deputy CEO Aishath Noordeen Removed from Board
Aishath Noordeen, Deputy CEO of Bank of Maldives (BML), has been dismissed from the bank’s board of directors after 42…
Urban Development Bill Slammed for Undermining Decentralisation
Opposition leader and Maldivian Democratic Party (MDP) Chairperson Fayyaz Ismail has criticised the government’s proposed Urban Development Bill, warning that…
MMA Denies Reports of Depleted Usable Dollar Reserves
The Maldives Monetary Authority (MMA) has denied reports claiming that the nation’s usable dollar reserves have been fully depleted for…
