Bank of Maldives (BML) cannot be sued for the recovery of USD 1 million deposited in an escrow account by former president Abdulla Yameen Abdul Qayyoom under an agreement he made with Anti Corruption...
Managing Director of State Trading Organization (STO) Shimad Ibrahim has said that the company has been presented with the opportunity to participate in the Development Bank established by the governm...
Maldives Police Service, on Thursday, reported that over 500 bank accounts related to scam cases have been blocked so far this year.
Police disclosed the details of two scam cases presently under inv...
The Parliament’s Public Accounts Committee, which had summoned Maldives Monetary Authority (MMA)’s governor Ali Hashim and two other top state officials for a meeting on Monday, has dropped the meetin...
The government has decided to establish a development bank and finance center in the SME Hub building which adopts a mini-mall concept managed by Business Center Corporation (BCC).
The building featur...
Ministry of Economic Development and Trade has announced the decision to establish a financial authority and development bank in the same building that houses Business Center Corporation (BCC)-run SME...
The no-confidence motion against Ali Hashim, the governor of the Maldives Monetary Authority (MMA), has been forwarded to the Parliament’s Public Accounts Committee for review on Tuesday.
A motion to...
The Public Accounts Committee has passed a motion counselling the Parliament’s speaker, Abdul Raheem Abdulla, to recommend to President Dr. Mohamed Muizzu to dismiss Ali Hashim, the governor of the Ma...
Economic Minister Mohammed Saeed has held discussions with the Industrial and Commercial Bank of China (ICBC) to seek assistance and cooperation for Maldives. ICBC is the largest bank in China and the...
Maldives requires immediate expenditure cuts to overcome its current economic vulnerabilities, said Erdem Atas the World Bank Country Economist and Resident Coordinator for Maldives.
In a statement o...
