Tue, 13 Oct 2026, 03:28 pm

ދިވެހި

ދިވެހިއަށް ބަދަލުކުރޭ

Business

BML invites applications for Community Fund

Jul 10, 2023, 10:08 AM

The Bank of Maldives (BML) today invited proposals for financial assistance under its Community Fund for the second phase of the year.

NGOs registered in the Maldives are eligible to apply.

BML decided to provide up to MVR 50,000 for each selected proposal to implement projects in the areas of environment, education, sports and community development.

As in previous years, a total of 20 projects will be financed through the fund during this year. The 10 best projects will be selected during the present phase.

BML said the deadline for submitting applications is 11:59 pm on August 10. The proposal and application form should be emailed.

The Community Fund was set up to provide financial assistance for non-profit NGOs to carry out projects on their islands. To date, the fund has provided financial assistance for 90 projects across the country.

Further information about the Community Fund is available on the BML website.

Bank Of Maldives (BML)

Comments

Open letter demands a stop to destroying natural heritage in Villimale'

Apr 2

BML seeks license to open branch in Sri Lanka

Mar 25

BML cardholders complain about restrictions on e-commerce websites

Feb 22

Government is trying to obscure the actual interest rate of Cargill loan: Ameer

Feb 12

Latest News

Nilaa Coral Island Resort opens in Gaafu Dhaalu Atoll

Nilaa Coral Island, a 20-room resort funded by an Italian firm, has opened on Kodegalaa in Gaafu Dhaalu Atoll. As the fourth resort in the region, it aims to boost tourism and local employment under the "Visit Maldives Year 2027" initiative. The project was developed via a cross-subsidy model near Maavarulu Airport.

Businesses decry MPL dollar fees

Maldivian businesses are criticizing Maldives Ports Limited for requiring stevedoring fees in US dollars despite government efforts to promote the Rufiyaa. Importers claim the policy forces them into the black market for currency, increasing costs and straining the local economy. MPL previously defended the move as a way to curb dollar abuse.

EyeCare offers 20 percent discount to mark World Sight Day

To celebrate World Sight Day, EyeCare is offering a 20 percent discount on selected frames with the purchase of prescription lenses through October. Available at all outlets, the promotion aligns with the "Love Your Eyes" theme to encourage eye health. Professionals are on hand to help customers choose the best options for their lifestyle.

Dhiraagu Maldives Junior Open to begin on December 13

Registration is open for the Dhiraagu Maldives Junior Open 2026, a badminton tournament running from December 13 to 19 in Malé. The event features various youth age groups and a Para category to foster local and international talent. Interested players must register by November 25 to compete in this endorsed sporting event.

MTCC has 6700 employees, most positions are contract-based

MTCC reports a workforce of 6,700 employees, with only 2,500 being permanent staff. Following a merger with the Road Development Corporation, the company’s headcount will grow by over 4,000, establishing a presence on every inhabited island. This expansion comes amid criticism over rapid hiring practices within state-owned enterprises.

Moody’s upgrades Maldives credit rating to Caa1

Moody’s has upgraded the Maldives' credit rating from Caa2 to Caa1 with a stable outlook, citing a reduced risk of default after successful debt payments. While the upgrade restores the rating to previous levels, the agency warns of a rising budget deficit and a high debt-to-GDP ratio that remains above 100 percent.

Board appointed for new Awqaf Investment company

The Maldives has formed the board for Maldives Awqaf Investment, a new state-owned enterprise led by Chairperson Izzuddin Adnan. The company will manage mosque construction, renovations, and waqf property development through Shari’ah-compliant activities. It holds an authorized capital of MVR 100 million to ensure project sustainability.

Get the latest news delivered straight to your inbox