Banking

First phase of the Youth Entrepreneurship successfully concludes

2 min read

The first phase of Youth Entrepreneurship Financing, launched by Bank of Maldives (BML)  in collaboration with SME Digital, has successfully concluded, providing over MVR 300 million in financing to more...

Financial Sector

Maldives customs signs MoU with banks in the Maldives on TT verification

1 min read

A Telegraphic Transfer (TT) Verification MoU has been signed between all banks operating in the Maldives and the Maldives Customs Service.

Travel & Tourism

10th edition of TTM opens with global travel trade converging in Maldives

1 min read

The Maldives is strengthening engagement with the global travel trade as the 10th edition of Travel Trade Maldives (TTM) 2026 begins today at Barceló Nasandhura Malé, bringing together tourism businesses...

Financial Sector

MMA’s 2030 vision aims to strengthen Rufiyaa and reduce dependency on USD

2 min read

The Maldives Monetary Authority (MMA) has outlined a long-term vision to strengthen the Maldivian Rufiyaa and reduce the economy’s dependence on the US dollar by 2030.

Public Sector

MWSC explores underwater water production facility in Greater Malé

1 min read

The Maldives Water and Sewerage Company (MWSC) has begun studying the feasibility of establishing an underwater water production facility in the Greater Male' Region.

Public Sector

The Government of Maldives and United Nations sign the new Cooperation Framework to promote Sustainable Development

3 min read

The Government of the Republic of Maldives and the United Nations today signed the United Nations Sustainable Development Cooperation Framework (UNSDCF) 2027–2031, reaffirming their shared commitment to advancing sustainable, inclusive...

Public Sector

MWSC denies allegations over vessel purchase

1 min read

The Managing Director of the Maldives Water and Sewerage Company (MWSC), Hussain Fahmy, has denied allegations circulating on social media.

Financial Sector

MMA announces names of resorts that are not complying with the Foreign Exchange Act

1 min read

The Maldives Monetary Authority (MMA) has announced the names of the resorts that do not exchange foreign currency in any way as per the Foreign Exchange Act.

Financial Sector

Government revenue and grants increased by 10.4 percent with the increase in TGST

3 min read

According to the latest Weekly Fiscal Developments Report released by the Ministry of Finance and Public Enterprises, the state received MVR 27.1 billion in revenue and grants as of August...

Financial Sector

MMA revokes the money exchange license of Express Money Exchange Private Limited

less than a min read

The Maldives Monetary Authority (MMA) has announced that the money exchange license of Express Money Exchange Private Limited has been revoked.

Public Sector

MWSC introduces 105 as its emergency hotline

less than a min read

The Male' Water and Sewerage Company (MWSC) has introduced 105 as its dedicated emergency hotline.

Financial Sector

Comments are open for the Consumer Protection Rules and Due Diligence Rules

1 min read

The Maldives Monetary Authority (MMA) has invited public comment on the Financial Consumer Protection Regulation and the Simplified and Electronic Customer Due Diligence Regulation.