Tue, 22 Sept 2026, 08:10 pm

ދިވެހި

ދިވެހިއަށް ބަދަލުކުރޭ

Business

Thailand-Maldives Business Matching Forum concludes

May 5, 2025, 3:59 AM

The Thailand-Maldives Business Matching Forum, organized by the Thai Trade Centre in Chennai concluded successfully on Sunday.

The forum was held at Hotel Jen in Male' with 30 Thai companies. Maldivian businessmen and government officials were briefed during the forum.

Speaking at the opening ceremony, Director of the Thai Trade Centre in Chennai, Chek Jeenaphan said he hoped the forum would strengthen trade relations between Maldives and Thailand.

Photo: Mirash Nashim/ Adhadhu

"Thailand and the Maldives have trade relations and relations in other areas as well. This forum will open doors in other areas, too," he said.

The forum features Thai wellness, food and beverage, fresh fruits and vegetables and household products.

The Thailand-Maldives Business Matching Forum has been held for three consecutive years. Such forums help connect local and foreign businessmen.

Maldives-Thailand relations Thailand

Comments

Maldivian man dies under Thai police custody

Mar 7

Foreign Ministry working to locate any Maldivians in Myanmar

Mar 29

"Not a single person" sent to Thailand or UAE under Aasandha

Mar 9

Councillor wants Bangkok-style spas in Male'

Feb 5

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