Maldives, ITFC Seal Partnership to Sell Carbon Credits
The Maldives has inked a memorandum of understanding (MoU) with the International Islamic Trade Finance Corporation (ITFC), a member of...
BML Reports Record MVR 2.07 Billion Profit, Board Recommends Highest-Ever MVR 50 Per Share Dividend Payout
Bank of Maldives (BML) recorded its best-ever performance in 2023 with profit after tax at MVR 2.07 billion, the bank...
China Slashes Interest Rates to Boost Ailing Property Sector
China’s central bank has announced a cut on interest rates for loans which extend five years or longer to 3.95...
Finance Ministry Initiates Sale of T-Bills Worth MVR 2.5 Billion
Treasury bills (T-bills) have been issued for the third time this year, this time worth MVR 2.5 billion, to cover...
MVR 80 Billion Worth of T-Bills Issued So Far
Around MVR 80 billion worth of Treasury Bills (T-bills) and Treasury Bonds (T-bonds) have been issued by the government, it...
Loans Outstanding Rise to MVR 40 Billion in December: MMA
Banks and financial institutions have issued MVR 40 billion worth of loans to private businesses and individuals, according to the...
Government Walks Back Decision to Raise Limit for Students Abroad, Acknowledges USD Shortage
The administration’s decision to increase the per month US Dollar (USD) withdrawal limits for students, with Bank of Maldives (BML)...
Government Secures MVR 2.1 Billion Through T-Bill Issue
The Ministry of Finance announced on Monday that it has secured MVR 2.1 billion through Treasury Bill (T-bill) sales as...
Maldives’ Budget Chief Resigns
Ahmed Saruvash Adam, Chief Financial Budget Executive at the Ministry of Finance, who is chiefly responsible for the formulation of...
Government’s Decision to Increase BML Card Limits in Doubt Amid Dollar Shortage
The government’s recent decision to raise the monthly transaction limit of Bank of Maldives (BML) debit and credit cards to...
