Maldives Monetary Authority (MMA) launches the instant payment system ‘Favara’ on August 26, Saturday. The new instant payment system was launched by…
Local authorities have issued a no-fly order on former Maldives Parliament member Alhan Fahmy for an ongoing investigation conducted by the Maldives…
Maldives remitted USD 29.3 million to Sri Lanka in Q1-2023, the Sri Lankan central bank reported. Sri Lanka’s “Economy Next” reports Maldives…
Coinbase, the largest cryptocurrency exchange in the United States, recently received approval to offer crypto derivates. This gives investors a regulated, US-based…
The cumulative total of state expenditure reached MVR 26.9 billion as of August 10, reports Ministry of Finance. State’s revenues inclusive of…
Maldives government has secured a loan of USD54.9 million (MVR844 million) from a foreign private investor for budget support. Though the Ministry…
Maldives government has spent a supplement of MVR 367 million on subsidies after the budgeted total for 2023 was fully exhausted. According…
Maldives real Gross Domestic Product (GDP) grew by 5.5% in the first quarter of 2023, reports the Maldives Bureau of Statistics (MBS).…
Bank of Maldives (BML) has announced that visitors to the Living Expo will have the opportunity to receive information about BML Islamic’s…
Bank of Maldives (BML) appoints Morgan Beanland as the bank’s new Director of Operations. BML said that Morgan brings over 22 years…