BML partnered with MOC for its Sports Scholarship Program. -- Photo: BML
Bank of Maldives (BML) has partnered with Maldives Olympic Committee (MOC) to offer its Sports Scholarship Program for the second year.
According to BML, the fully funded scholarship offers athletes the chance to train at globally renowned high-performance training centers.
MOC will oversee the selection of athletes and nominations will be open to member associations of the MOC.
In the program’s first batch, seven athletes from four different sports completed their training successfully.
Maldives Islamic Bank has opened a public auction for the 830-square-foot Kudhimagooge property in Malé with a starting bid of MVR 9.65 million. Interested parties must submit a bid security of MVR 100,000 by the September 28 deadline. Subsequent offers must increase by at least MVR 500,000 to be considered.
The Housing Development Corporation has granted high-salaried promotions to nine employees, including a political figure, despite a directive to cut costs. This move defies instructions from the Privatisation and Corporatisation Board to suspend promotions and reduce spending on salaries across state-owned enterprises.
Gawin has launched a recurring "Weekend Sale" every Thursday and Saturday at its Hulhumale’ showroom. The event offers deep discounts on home essentials like carpets and bedding, with fabrics starting as low as MVR 15. Customers can also find major price cuts on premium showroom products and new Awing brand washing machines.
Bank of Maldives is seeking partners to design, finance, and build a 12-story office complex and a three-story commercial building in Malé. Interested firms must have high-rise experience and secure their own funding, with BML providing payment only upon completion. Expressions of Interest must be submitted by October 6.
Villa College has been selected as the official host institution in the Maldives for the King’s Commonwealth Fellowship Programme. This fully funded undergraduate initiative aims to build climate resilience and leadership in Small Island Developing States. Applications are now open for eleven fellowships covering tuition, travel, and stipends.
The Federal Reserve's 0.25% interest rate hike is expected to worsen the dollar shortage in the Maldives by driving capital back to the U.S. This shift increases global borrowing costs and debt servicing expenses for the import-dependent nation, placing significant strain on its budget and requiring more effective fiscal management.
MIRA has named former FAM President Bassam Adeel Jaleel and several high-profile entities on its list of tax defaulters. Each of the 33 individuals and companies listed owes over MVR 1 million in unpaid taxes. Other notable names include former government official Hassan Ismail and comedian Yoosuf Rafeeu.
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