Banking

Bank of Maldives has announced the appointment of Mr. Bishwajit Mazumder as the Bank’s Chief Internal Auditor last week.

The world is constantly changing, and laws need to change accordingly as well to accommodate for this and ensure the safety of the people as well as uphold their rights...

Citi on 13 January announced it had reached an agreement with UOB Group (UOB) on the acquisition of Citi’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam. The transaction...

The SME Development Finance Corporation (SDFC) holds heavy ground in strengthening the Maldives' entire SME industry. Even though the policies of SDFC is steered towards reaching out to as many...

Ibrahim, the owner of a guesthouse in the local island of Maafushi was forced to rely on a MVR200,000 COVID-relief loan from the SME Development Finance Corporation (SDFC) in 2020...

The development of MSMEs is pivotal in creating a resilient and diverse economy while generating employment opportunities in the outer islands. The industry has been long neglected during the past...

With the pandemic necessitating more interactions, and transactions, online, the Bank of Maldives’ refresh of its mobile banking app is seen by many as a welcome change. Even with services...

Former United States Secretary of the Treasury, Larry Summers said “the people who confidently reject all the innovation here in blockchain-based payment and monetary systems are on the wrong side...

This month as we focus on the prospects of a 'Digital Maldives' MFR will feature a series of articles on cryptocurrencies; this week the paper concentrates on outlining a basic...