Maldives Faces Deadline on $50 Million Payment to India Amid Ongoing Negotiations
The Maldives government must pay $50 million to India by the end of the day, marking the third instalment of...
Cabinet Secretary Habeeb Nominated as New Bank of Maldives Chairman
The government has nominated Principal Secretary to the President on Cabinet Affairs Ahmed Ali Habeeb as the next chairman of...
Nazim Urges Oversight on Foreign Executives in State-Owned Companies
Deputy Speaker of Parliament Ahmed Nazim raised concerns on Monday over the role of foreign executives in state-owned companies during...
India Open to Offering Financial Support to Maldives
The Indian government is ready to assist the Maldives with financial support as the risk of the first sukuk default...
Maldives, China Sign Currency Swap Agreement to Boost Trade
The Maldives and China have signed a memorandum of understanding (MoU) to exchange bilateral currencies, a move aimed at facilitating...
Maldives Amends Tax Rules to Mandate Dollar Payments for Foreign Currency Earners
The Maldives Inland Revenue Authority (MIRA) has announced amendments to the Income Tax Rules, requiring individuals and companies earning in...
Government Falls Back on Fiscal Reform Talking Points Amid Moody’s Ratings Downgrade
The Ministry of Finance once again reverted to talking points on fiscal reforms, despite Moody’s downgrading the Maldives’ credit rating...
MMA Reassures on Debt Repayment After Moody’s Downgrade
The Maldives Monetary Authority (MMA) has issued a statement following Moody’s downgrade of the country’s credit rating to CAA-2, assuring...
BML CEO Resigns Amid Allegations of Financial Coup
Karl Stumke, Managing Director and CEO of the Bank of Maldives (BML), has stepped down amid accusations that the bank’s...
Maldives Will Not Default on Sukuk: Finance Minister
The Maldives will not default on the US$25 million coupon payment for the Sukuk, Minister of Finance Mohamed Shafeeq has...
