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…
Moody’s Downgrades Maldives’ Rating to CAA-2, Signals Deepening Crisis
Moody’s downgraded the Maldives’ credit rating to CAA-2 on Wednesday, citing high credit risk and growing concerns over the country’s…
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 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…
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…
US$72 Million Remitted Overseas in 2023: MMA
Remittances amounting to US$72 million (approximately MVR 1.1 billion) were sent overseas in 2023, the Maldives Monetary Authority (MMA) confirmed…
Presidential Advisor Granted Prime Hulhumalé Land for Mall Development
Businessman Mohamed Ali Janah, who serves as President Dr Mohamed Muizzu’s Principal Advisor on Trade and Investment, has been allocated…
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,…
MPL Launches Dedicated International Maritime Services Website
The Uthuru Maritime Services (UMS) website, a specialised website for maritime services targeted for the country’s northern region, launched on…
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…
