Bank of Maldives
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BusinessBML dollar controls to be eased by end of June
President Muizzu announced that the Bank of Maldives expects to ease restrictions on dollar transactions via Rufiyaa cards by the end of June. The controls, which included daily limits and a 30% fee, were initially implemented due to declining foreign currency inflows. This relief follows growing public complaints regarding payment failures.
BusinessBML seeks USD 300 million in sukuk to ease liquidity crunch
Bank of Maldives is seeking to raise $300 million through its first international sukuk issuance to address a liquidity crunch and boost foreign currency circulation.
Business
Finances managed well despite no CFO: BML
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Concern as BML operates without CFO for six months!
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BML amends terms to include consent for accessing travel data
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BML sparks privacy outcry over Immigration data access
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BML collaborates with Immigration to stop misuse of cards
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BML fixes a daily budget for e-commerce sites
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BML admits controls on USD sales to firms
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Muizzu breaks promise to double overseas USD limit for travelers
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BML warns of dollar restrictions due to tourism plunge
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BML halts dollar support for imports
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Letter demands a stop to destroying Villimale'
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BML seeks license to open branch in Sri Lanka
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BML cardholders complain about restrictions on e-commerce website
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"Govt trying to obscure interest rate of Cargill loan"
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Three local companies to build BML flats
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Foreign companies contracted to build flats based on experience
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BML warns action against customers who misuse USD limit
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