1 min read
On the 29th of October 2024, the Bank of Maldives announced the opening of two new ATM centres in Alif Alif Atoll. With this, residents of Feridhoo and Bodufolhudhoo will...
2 min read
The Maldives Inland Revenue Authority (MIRA) has been staying on top of companies and individual parties who do not pay their taxes since its establishment in August 2010. Being established...
1 min read
In May 2024, the Minister of Economic Development and Trade, Mohamed Saeed revealed the Government's plan to open its first development bank in the Maldives. The bank, which is set...
2 min read
The Maldives Inland Revenue Authority (MIRA) announced a remarkable 93 percent increase in revenue for September 2024 compared to the same period last year, showcasing that more companies in the...
1 min read
In a move towards expanding the banking services provided across the Maldives, the Bank of Maldives (BML) has expanded its banking services with the introduction of a self-service banking ATM...
2 min read
The Maldives has taken a significant step in navigating its looming financial challenges by successfully settling the latest coupon payment on its USD 500 million Sukuk bond, according to a...
4 min read
Although the Maldives has one of the most well-established and well-respected tourism industries in the world, which generates millions of dollars every year - the Maldives found itself in a...
1 min read
The High Commission of India in the Maldives has announced that the State Bank of India (SBI) has extended its subscription to a USD 50 million Government Treasury Bill (T-Bill)...
2 min read
2024 is proving to be a financially tough year for the Maldives as the country has already been downgraded by Fitch ratings twice within the year, leaving the Maldives’ Long-Term...
