Bank of Maldives
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ReportFed rate hike will exacerbate dollar crisis in Maldives
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.
NewsProject to build international bowling arena in Hulhumale'
A private company has been awarded a MVR 20 million project to build the Maldives' first international-standard bowling arena in Hulhumale'. The two-story facility aims to host global competitions, though the direct award process lacks an official statement. This project is part of a broader plan to develop world-class sports infrastructure.
News
Nasheed calls on audit firms to disclose BML finances
Business
Businesses face challenges in securing dollar support from BML
Business
Dollar transfers will return to normal within next week: BML
Business
BML denies funding $50 million debt repayment to SBI
Business
Businesses allege BML is blocking USD transfers
Business
BML TT delays threaten businesses and international trade ties
Business
BML prioritizes Islamic banking for new accounts and loans
Business
BML card limits average less than $60 per customer
Business
BML faces backlash as foreign transaction limits exhaust at reset
Business
Businesses face losses as TTs through BML take weeks to process
News
"TTs and card transactions failing despite increased limits"
Business
Addu Hankede development board formed with BML majority
Business
BML customers report unauthorised deductions from accounts
Business
USD crisis deepens as money changers close after warning
Business
MTDC schedules AGM for August 31
Business
BML boosts USD supply for TTs for three weeks
Business
BML WeRUN: Track and Field Association, RunningMode Athletics win
Business