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...
Fayyaz, Saeed Clash Over Economic Policy, Recovery Strategies
A political debate has erupted over the dismissal of Aishath Noordeen, the Deputy CEO of Bank of Maldives (BML), from...
BML to End Dollar Transactions on MVR-Linked Cards Amid Currency Shortage
The board of directors of the Bank of Maldives (BML) has decided to stop processing dollar transactions on cards linked...
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...
Bunkering Services Delayed Again; Now Eying September Launch
The launch of bunkering services, scheduled to begin on Thursday at Haa Alifu (HA.) Atoll, has been postponed to September....
Maldives May Need to Utilise SDF Funds to Cover Reserves Shortfall: Experts
The Sovereign Development Fund (SDF) will have to be used in the event the state budget is unable to meet...
ACC Seeks Prosecution of Ex-IGMH Heads Over Alleged COVID-19 Profiteering
The Anti-Corruption Commission (ACC) has requested the Prosecutor General’s Office to prosecute three former senior officials of Indira Gandhi Memorial...
Parliament Lifts Cap on Foreign Workers from Single Country
The Parliament on Monday passed an amendment to the Employment Act, removing the legal cap that limited the number of...
Parliament Approves Six-Month Continuation of Concession for Tourism Lease Extension
Parliament on Monday approved an amendment to the Tourism Act, granting a six-month extension to the reduced fee window for...
