Maldives Secures $15 Million AIIB Loan for Green Taxation and Climate Projects
The Asian Infrastructure Investment Bank (AIIB) has approved a $15 million loan to the Maldives to strengthen green taxation and…
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…
Economy on Steady Upward Trajectory; Reserves to Exceed US$606 Million by Year-End: MMA
The Maldives is taking urgent steps to address the current economic challenges and will be able to maintain an upwards…
Ratings Downgrade Shows Government Incompetence: MDP
Fitch Ratings downgrading the Maldives’ credit rating from CCC+ to CC highlights the administration’s incompetence in managing fiscal policy, the…
Ameer Blames Government’s Reliance on Projected Revenues for Maldives’ Financial Struggles
Former Finance Minister Ibrahim Ameer has attributed the Maldives’ current financial difficulties to an over-reliance on expected revenues, criticising the…
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’…
BML Reverses Foreign Transaction Limits Following Regulatory Pressure
The Bank of Maldives (BML) has reversed its recent decision to suspend foreign transaction allowances on debit and credit cards…
Fayyaz Expresses Concerns Over Economic Fallout From BML’s Restriction on Dollar Transactions
Opposition leader and former Economic Minister Fayyaz Ismail has sharply criticised the Bank of Maldives’ recent decision to restrict foreign…
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…
