Government Slashes Over MVR 2 Billion from 2024 Budget Amid Funding Shortfall
The Muizzu government has reduced more than MVR 2 billion from this year’s MVR 49.8 billion budget as part of...
Habeeb Named BML Chair; New Directors Appointed
The Bank of Maldives (BML) on Saturday announced the appointment of new directors and a chairperson to its Board of...
Aishath Sajny Resigns from Bank of Maldives Board Amid Leadership Turmoil
Aishath Sajny, one of the government’s representatives on the Board of Directors of the Bank of Maldives (BML), has resigned...
Opposition Leader Praises India for T-Bill Rollover Amid Economic Challenges
Opposition leader and Maldivian Democratic Party (MDP) chairperson Fayyaz Ismail has commended India for its continued support to the Maldives,...
Bunkering Services Launched After Multiple Delays
The long-postponed bunkering service, touted by the Mohamed Muizzu administration to expand the Maldives economy by US$400 million annually, finally...
India Rolls Over $50 Million Treasury Bill for Maldives Amid Geopolitical Tensions
At the request of the Government of Maldives, the State Bank of India (SBI) has rolled over a $50 million...
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...
STO CEO Appointed Fenaka Chair as Utilities SOE Transitions to Subsidiary
The Chief Executive Officer (CEO) and Managing Director (MD) of the State Trading Organization (STO), Shimad Ibrahim, has been appointed...
