Maldives and India Progress Digital Payment Integration and Currency Swap Facility
Maldives and India advance UPI-Favara payment integration and renew currency swap facility cooperation.
Section
Finance
Fiscal Deficit Narrows to MVR 4.5 Billion Amid Capital Spending Cutbacks
Maldives cuts fiscal deficit to MVR 4.5 billion through capital spending reductions despite rising costs.
MMA Suspends MS Finance License and Issues MVR 500,000 Penalty Over Currency Breaches
MMA suspends MS Finance licence and fines it MVR 500,000 over currency breaches.
Funding for 1,273 Ongoing Projects Secured, Rising Oil Costs Absorbed via Subsidies
Maldives absorbs oil price shocks via subsidies while securing funding for 1,273 projects.
Financial Risks to Small Islands Outlined by MMA Governor at Asian Regional Forum
MMA Governor outlines financial risks facing small island nations at Hanoi regional forum.
Maldives Finance Forum to Examine Green Investment and Retirement Security
Maldives Finance Forum 2026 will examine green investment, climate risk and long-term retirement security.
BML Finances Nursing Association’s Mental Health Programme
BML funds Maldivian Nurses Association's Zaithoon mental health programme, reaching over 100 Hulhumalé residents.
BML Releases Nearly USD 2 Billion in 30 Months, Minister Says
BML disbursed nearly USD 2 billion in 30 months amid forex shortages, says minister.
CA Maldives Expands Global Network with New Regional Affiliation
CA Maldives joins CAPA, expanding its global network and integrating Maldivian accountancy into international community.
BML Expects FX Flow to Stabilise by Next Week Following Rise in Outflows
BML anticipates foreign currency transfer times normalising next week after a sharp surge in dollar…
BML Rejects Claims of Role in Gov’t’s USD 50m Treasury Bill Repayment
BML denies involvement in government's USD 50 million Treasury bill repayment to SBI.
MIRA Statistics Show More Than 60,000 Income Taxpayers in Maldives
MIRA reports over 60,000 individual taxpayers as government reforms Aasandha coverage for high-income earners.
Internal Audit Association Prepares to Host 360 Degree Summit Next Month
Internal Audit Association readies second annual 360 Degree Summit on 6 September, expecting 100 delegates.
USD 76 Million Exchanged Through Unlicensed Currency Services, Minister Says
Minister says USD 76 million exchanged through unlicensed currency services, possibly constituting money laundering.
MMA Targets Rufiyaa-Based Financial System by 2030
MMA plans reforms to make Rufiyaa the primary currency for Maldivian transactions by 2030.
Maldives’ Ninth Commercial Bank MPB Begins Operations
Maldives Premier Bank, the ninth commercial bank, opens in Malé with digital services launched.
MMA Increases Banks’ Weekly Dollar Supply by 51%
MMA boosts banks' weekly dollar supply by 51% to ease importers' foreign currency access.
M.H.A. Launches MVR 30 Million Sukuk for Hulhumale’ Promenade Project
M.H.A. launches MVR 30 million sukuk to finance Hulhumale' Promenade commercial development project.
Maldives Financial Expo 2026 to Bring Financial Sector Under One Roof
The Maldives Monetary Authority will host the Maldives Financial Expo 2026 at Hulhumalé Central Park…
BML Clarifies Claims of 40% Fee on Foreign Transactions as False
Bank of Maldives (BML) has rejected as false claims that it will impose an additional…
Fitch Assigns BML ‘CCC-’ Rating with Stable Outlook
Bank of Maldives (BML) has received a Long-Term Issuer Default Rating (IDR) of ‘CCC-‘ with…
BML Says Subscription Payments Unaffected by Foreign Spend Limits, Urges Customer Contact for Issues
Bank of Maldives (BML) has said it is addressing declined subscription payments and has urged…
Financial Expo Registration Window Extended To 6 June, Says MMA
The Maldives Monetary Authority (MMA) has extended the deadline for institutions wishing to participate in…
First National Real Estate and Hospitality Fund Holds Second AGM
First National Real Estate and Hospitality Fund Plc held its Second Annual General Meeting on…