Author: Mohamed Reehaan

The Bank of Maldives (BML), on Monday made the announcement of formalizing its partnership by way of a contract with the Asian Institute of Chartered Bankers (AICB). This partnership, according to BML, will help the bank in transforming and developing the country’s constantly evolving banking sector. Chief Executive Officer of the bank, Mr. Mohamed Shareef and AICB’s front-man Edward Ling signed the agreement at a ceremony held for the cause. Under the agreement, AICB will be providing its expertise and professionals to help develop the banking sector in the Maldives; which would include training initiatives for banking sector employees. Further…

The Maldives government is preparing to acquire a loan facility of over USD 100 million from Abu Dhabi Fund for Development (ADFD). According to a local media outlet, government is seeking this new loan facility for tourism development. Despite talks of a new loan acquirement, it is unclear if the state and the fund have entered into a formal agreement. The local media further states that Minister of Finance Moosa Zameer has already flown to United Arab Emirates (UAE) to formalize this arrangement. While the exact loan amount and the interest on it remains unclear, reports claims the facility will…

Waste Management Corporation (WAMCO) says that it is unable to deposit pensions for its employees owing to financial constraints. The state-owned corporation says it does not generate sufficient income to be capable of both paying salaries and crediting pensions for its employees. WAMCO is facing serious cash-flow issues, primarily rooting from outstanding payable to the company from a large catalog of debtors. Many of these include customers with significant outstanding sums they owe the corporation. The news comes to light following a Right-to-Information (RTI) application a private individual submitted recently. In its response, WAMCO notes that it has been unable…

Crown and Champa Resorts is among the top local tourism and hospitality brands, announces bold new employee-centric decision to pay all of its resort employees in US dollars. Crown and Champa Resorts, founded by two tourism industry pioneers of the Maldives, Mohamed Moosa (Uchchu) and Hussain Afeef, is one of most prominent hospitality brands that is fully locally owned. The hotelier group pays its employees, which is beyond 3000 now, in local currency, Maldivian Rufiyaa until now. But with their most recent decision, all Crown and Champa Resorts’ employees who work across the hotelier brand’s resorts will receive salaries in…

The Bank of Maldives (BML) on Saturday, January 11, made announcement of a new promotional event ahead of this year’s Ramadan. Dubbed “Ran Furusathu 2026” which translates to ‘Golden Opportunity 2026’, this promotion entails a prize of MVR 100,000 for the winner. According to the Maldivian national bank, this promotion that has begun now will remain effective until March 16. BML further notes customers who shop from outlets listed for eligibility as per the bank, will stand the chance to win weekly cases prizes and become eligible to take part in the raffle for the grand prize. The bank also…

The premier telecommunication and internet service provider in Maldives, Dhiraagu, announces a new promotion specifically for fiber broadband internet. The new ‘Fiber Unlimited’ promotion entails prizes that include smart cameras and 65-inch televisions on a weekly basis. Dhiraagu adds that the promotion is applicable for both existing ‘Fiber Unlimited’ customers who plan to upgrade their packages as well as fresh subscribers. The promotion which is already in effect, will last until the end of January, adds Dhiraagu. New customers, who subscribe for Fiber Broadband packages of 30MBP/s and above will receive a free indoor smart camera, and customers who subscribe…

The Bank of Maldives (BML), on Monday, made the announcement of its latest promotion specifically targeting Student Card holders. This new promotion offers an exciting opportunity for said cardholders to win a family trip to Malaysia. BML adds the promotion will run from 1st January 2026 to 16th February 2026, and further says that all transactions from an eligible merchant through BML Point-of-Sale (POST) terminals and the BML Payment Gateway from a BML Student Card during the promotion period will be eligible. At the end of the promotion, BML will select a Grand Winner to a win a round trip…

Ooredoo Maldives on Monday, made announcement of the 13th winner of the telecom provider’s ongoing #LiveUnlimited Anniversary Campaign, awarding Ms. Aishath Mohamed Didi a fully sponsored Umrah pilgrimage. Ooredoo Maldives launched the campaign in commemoration of its 20th anniversary and through the #LiveUnlimited Anniversary Campaign, aims to reward customer loyalty through life enrichment experiences – which includes the Umrah pilgrimage. As part of the initiative, a total of 19 customers will receive an Umrah trip every 20 days with the 20th and final winner set to receive a Hajj pilgrimage for two. Customers can qualify for the draw by spending…

Dhiraagu becomes recipient of the ‘Fastest 5G Network’, ‘Best 5G Network’ and ‘Best 5G Gaming Experience’ from Ookla Awards for Q1-Q2 of 2025. This win echoes the continuous efforts of Dhiraagu in delivering world-class digital and internet services to its customer base, highlights Dhiraagu. In 2019, Dhiraagu became the first-ever telecommunication provider to introduce 5G services in South Asia and the Maldives. As of now, Dhiraagu has successfully expanded its 5G network to 73% of the country’s population. Dhiraagu has been the recipient of Ookla’s “Maldives Fastest Mobile Network” award for three consecutive years and the “Fastest 5G Network” award…

The Ministry of Housing, on Monday, made the announcement of the new round of social housing scheme to begin accepting applications from January 15, 2026 onward. The ministry’s announcement came hot in the heels of certain tweaks to the policy on government-initiated social housing schemes, which was officially put on the government gazette on Monday as well. The Minister of Housing, Muththalib, while speaking about these changes, said the tweaks to the policies enhances eligibility for previous social housing recipients. Among these include, as per Muththalib, those seeking more spacious two-room to three-room options due to spatial difficulties from previous…