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Bank of Maldives reportedly resolves US$58 million debt chase out of court

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Neil Merrett 27 Jun 2013

The Supreme Court has dismissed an appeal filed by two companies linked to Dhivehi Rayyithunge Party (DRP) Leader and President Mohamed Waheed’s vice presidential candidate Ahmed Thasmeen Ali concerni...

Bank of Maldives sends MTDC notice for repayment of Herethere development loan

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Minivan News 26 Jun 2013

The Bank of Maldives Plc Ltd (BML) has sent notice to the government-owned Maldives Tourism Development Corporation (MTDC) to settle US$17.5 million overdue from a US$25 million loan provided to devel...

Comment: Can the World Bank end gender-based violence?

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Hawwa Lubna 22 Jun 2013

This week, the World Bank South Asia Office gathered government officials, civil society, parliamentarians, academics and journalists from around the region  in Kathmandu to discuss the issue of viole...

EU finance ministers fail to agree on bank rules

english.sun.mv/13651
22 Jun 2013

LUXEMBOURG (AP) — European Union finance ministers negotiating almost around the clock broke up unsuccessful talks on Saturday on how to downsize or close banks without letting taxpayers foot the bill...

EU finance ministers fail to agree on bank rules

en.sun.mv/13651
22 Jun 2013

LUXEMBOURG (AP) — European Union finance ministers negotiating almost around the clock broke up unsuccessful talks on Saturday on how to downsize or close banks without letting taxpayers foot the bill...

Bank of Maldives sues MP Ali Azim over unpaid loan

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Minivan News 18 Jun 2013

The Bank of Maldives Plc Ltd (BML) has sued MP Ali Azim and his father over MVR 3.8 million (US$246,433) unpaid from a loan taken by the pair in 2007 for the construction of the New Queen residence in...

World Bank grants $10 million for education sector development

en.sun.mv/13551
18 Jun 2013

World Bank has provided $10 million (MVR 154.2 million) for a project to build professionals in the Maldives education sector. The five-year joint project conducted by the Maldives Ministry of Educat...

World Bank grants $10 million for education sector development

english.sun.mv/13551
18 Jun 2013

World Bank has provided $10 million (MVR 154.2 million) for a project to build professionals in the Maldives education sector. The five-year joint project conducted by the Maldives Ministry of Educat...

Court to freeze Thasmeen's bank accounts, impose travel ban

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16 Jun 2013

The court's decision comes at the back of Kendhoo MP Thasmeen’s failure to pay back a loan of MVR1.9 million taken from Deputy Parliament Speaker Ahmed Nazim. High Court in April had upheld the two-y...

No intention to transfer assets to MIAL: MACL to Axis Bank

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JJ Robinson 09 Jun 2013

The Maldives Airports Company Limited (MACL) and its lawyers have denied any intention of dissipating the state-owned company’s assets by transferring them to a newly-created, state-owned entity calle...

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