Tue, 22 Sept 2026, 09:00 pm

ދިވެހި

ދިވެހިއަށް ބަދަލުކުރޭ

Business

MIB Guesthouse Symposium to begin on Thursday

Oct 7, 2025, 3:43 AM

Press conference related to the symposium. -- Adhadhu Photo

The Maldives Islamic Bank (MIB) Guesthouse Symposium 2025 will be held at Crossroads Maldives on Thursday.

The symposium, which was launched last year in collaboration with the Guesthouse Association, will feature keynote speeches by experts.

MIB stated that small businesses wishing to participate in the symposium can submit applications through this link.

The symposium will bring together guesthouses and related businesses to provide information that will facilitate business expansion and more profitable operations.

Last year's edition of the symposium was a huge success, with guesthouses from across the country joining to discuss the growth of the sector.

Maldives Islamic Bank Guesthouse Association of Maldives Guesthouse Tourism

Comments

MIB board approves a dividend of MVR 129 million

Mar 26

Fulhadhoo introduces fine to stop bikini-clad tourists in public places

Mar 4

Company affiliated with Tourism Minister Thoriq accused of illegally operating guesthouse

Feb 23

MIB announces eligibility criteria for Guesthouse Awards

Feb 12

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