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Economic minister: Rollout of development bank progressing ‘on schedule’

en.sun.mv/94525
19 Jan 2025

The rollout of the Development Bank of Maldives (DBM) is progressing on schedule, insisted Economic Minister Mohamed Saeed on Sunday, as he rejected criticism regarding the delay in the operationaliza...

Pres Dr. Muizzu inaugurates Maldives’ first Development Bank

avas.mv/en/145885
16 Jan 2025

President Dr. Mohamed Muizzu has inaugurated the Maldives' first development bank, the Development Bank of Maldives. The bank is a 100 percent state-owned institution established in line with governme...

DBML receives license to operate as Maldives’ first development bank

avas.mv/en/144897
15 Jan 2025

The Development Bank of Maldives Limited (DBML) has been officially received a license to operate the first development bank in the Maldives. The central bank, Maldives Monetary Authority (MMA)’s Gov...

First development bank a game-changer for investment: Pres Dr. Muizzu

avas.mv/en/143509
15 Jan 2025

The Maldives' first development bank will become a hub for investment in various sectors, President Dr. Mohamed Muizzu has said. The establishment of a development bank in the Maldives was a key presi...

Three appointed to the board of Maldives' first development bank

avas.mv/en/143414
15 Jan 2025

The Privatization Board has appointed three individuals to the Board of Directors of the Development Bank of Maldives Limited, the country's first development bank. The board members include a local,...

Central bank warns of imminent depletion of usable reserves

avas.mv/en/143292
15 Jan 2025

The Maldives Monetary Authority (MMA) has warned that the country's usable reserves are expected to be depleted this month. The central bank raised concerns in a letter to the Finance Ministry late la...

Maldives' first development bank set to launch operations in July

avas.mv/en/141018
15 Jan 2025

The Maldives' first development bank, the Development Bank of Maldives Limited, is scheduled to commence operations in July. The Development Bank of Maldives Limited was established as a 100-percent...

BML launches Bank Fund to support community initiatives

avas.mv/en/141017
15 Jan 2025

Bank of Maldives (BML) Tuesday announced a ‘Bank Fund’ to empower NGOs to contribute to their communities through sustainable projects. The ‘Bank Fund’ invites proposals for ideas that promote sustain...

World Bank revises GDP growth forecast figures for the Maldives

avas.mv/en/140142
15 Jan 2025

The World Bank has adjusted its outlook for the Maldives' GDP growth this year. The revision was made in light of tourists choosing local guesthouses over luxury resorts. The World Bank's "South Asia...

Israeli army rams vehicle into Palestinian teachers in occupied West Bank

en.sun.mv/94292
06 Jan 2025

Five Palestinians were wounded when an Israeli military vehicle rammed into their car in the occupied West Bank, local media said. A car carrying five teachers was hit by a military vehicle near the...

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