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BusinessMACL mortgages runway and land for $56 million loan from BML
Maldives Airports Company Limited (MACL) secured $56 million in loans from the Bank of Maldives by mortgaging the runway and land at Velana International Airport. These borrowings have pushed MACL’s total debt to $1.08 billion, leaving the company in a precarious financial state with minimal dollar reserves for upcoming repayments.
NewsPolice warn of action against people walking across bridge
Maldives Police have warned of legal action against pedestrians crossing the Sinamalé Bridge on foot, a practice strictly prohibited due to safety risks. Despite barricades, some individuals continue to bypass restrictions. Authorities urge the public to follow safety signs to prevent serious accidents on the bridge.