Maldives Opts to Refinance Exim Bank of China’s VIA Development Loan
The Mohamed Muizzu administration has opted to refinance US$75 million (approximately MVR 1.2 billion) of the US$378 million (approximately MVR…
Muizzu Administration Seeks $70 Million Loan From Swiss-Based Vitol Group
The Maldivian government has approached the Vitol Group, a Switzerland-based Dutch multinational energy and commodity trading company, for a $70…
Government Secures MVR 800 Million Loan to Pay Salaries
The government has taken out a loan of MVR 800 million to pay the salaries of public sector employees this…
Saudi Fund Loans Provoke Fierce Debate at Parliament Committee
The current administration has taken out two loans totalling SAR 562.5 million (approximately US$150 million), earmarked for the development of…
MP Siyam Seeks Sovereign Guarantee for US$165 Million Resort Project
Businessman and Member of Parliament, Ahmed Siyam Mohamed, has once again approached the government for a sovereign guarantee to secure…
China To Provide Free Maintenance on Sinamalé Bridge for Three More Years: Minister Muththalib
The government of China will provide free maintenance assistance for the Sinamalé Bridge, which connects Malé to Hulhumalé via Velana…
Maldives Requests Chinese Financial Assistance for VIA, Malé Commercial Port Projects
The administration will seek Chinese investment, through the Belt and Road Initiative (BRI) or Silk Road Initiative, to realise the…
Parliament Examines Urbanco’s MVR 200 Million Loan Withdrawal During Election
Urbanco, the state-owned housing development entity, is facing scrutiny for the withdrawal of two loans totalling MVR 200 million from…
SDFC Resumes Accepting Loan Requests After Portal Upgrade
The SME Development Corporation (SDFC) has resumed accepting loan requests after upgrading its online portal. SDFC launched the new portal…