Tue, 22 Sept 2026, 08:11 pm

ދިވެހި

ދިވެހިއަށް ބަދަލުކުރޭ

Business

Thailand-Maldives Business Matching Forum to be held on Sunday

Aug 17, 2024, 5:46 AM

The Thailand-Maldives Business Matching Forum will be held at Hotel Jen on Sunday in collaboration with the Department of International Trade Promotion (DITP) of Thailand and the Thai Trade Centre.

The forum will be held from 10:00 am to 4:00 pm. Registration for the forum is open free of charge.

"This forum will connect Thai exporters of food, fashion and cosmetics with businesses in Maldives. It will make it easier for Thai exporters to import various goods into Maldives," the organizer said.

Businesses operating in the Maldives and Thai exporters and businessmen will attend the forum, the organizer said, adding that the forum will open up new opportunities for businesses.

The forum was held successfully last year as well with the participation of many businesses.

Such forums have been conducted in the past to connect Maldivian and foreign businessmen.

Maldives-Thailand relations Thailand Small to Medium Enterprise

Comments

Bill ratified to exempt small companies from quota fees

Mar 15

Maldivian man dies under Thai police custody

Mar 7

Thailand-Maldives Business Matching Forum concludes

May 5

Foreign Ministry working to locate any Maldivians in Myanmar

Mar 29

Latest News

Star Medical to host free pre-pregnancy session for couples

Star Medical will host a free pre-pregnancy awareness session for couples on September 24 at 8:45 pm. Led by experienced nurses, the event offers guidance on healthy conception and a Q&A segment. Interested couples can register by contacting the clinic directly.

Businesses face challenges in securing dollar support from BML

Bank of Maldives has notified businesses that dollar support for transfers is now strictly subject to availability. Importers face automatic cancellations if accounts lack full invoice amounts, as the bank struggles with a severe foreign exchange shortage. Business owners report receiving zero support and no prior notice of these changes.

Dollar transfers will return to normal within next week: BML

Bank of Maldives expects dollar transfer services to return to normal next week following recent delays caused by a surge in demand. The bank implemented measures to manage unsustainable outflows from Rufiyaa accounts, noting that the issue is a temporary supply imbalance and not a reflection of its overall financial health.

BML denies funding $50 million debt repayment to SBI

Bank of Maldives denied claims that it provided $50 million to the government for debt repayment to the State Bank of India. The bank clarified that no customer deposits or internal resources were used for the payment. BML maintained its financial stability despite ongoing dollar liquidity challenges and warned against spreading misinformation.

Exclusive: Maldives sought extension on $50M India debt

The Maldives government requested a further extension to repay a final $50 million debt installment to India, but the request was denied. Despite the refusal, the Maldives settled the payment last week using its Sovereign Development Fund. This follows previous rollovers and a $50 million grant provided by India earlier this year.

Businesses allege BML is blocking USD transfers

Business owners are accusing the Bank of Maldives of blocking USD transfers to other banks amid a liquidity crisis. Despite having sufficient funds, traders report significant delays in processing payments and transfers via the MRTGS system. BML cited a backlog, reportedly prioritizing essential imports like food and medicine.

Government settles final $50 million debt to SBI

The government has fully repaid a $150 million debt to the State Bank of India, settling the final $50 million installment this month. The debt, originally incurred in 2019, was cleared in three stages under the current administration. This payment is part of a broader $2.3 billion effort to service foreign debt over the last two years.

Get the latest news delivered straight to your inbox