Bank of Maldives (BML) has announced an increase in the monthly foreign transaction limit for debit cardholders who are students studying abroad. Effective from 1st November 2024, the new limit will b...
The government has taken an additional loan in order to repay the loan taken out from China's EXIM Bank back in 2015.
According to the document shared with the Ministry of Finance by the Public Accoun...
The Government of Maldives has refinanced USD 75 million out of a USD 378 million loan withdrawn from China’s Export-Import (EXIM) Bank in 2015 to upgrade Velana International Airport (VIA).
Refinanc...
The Maldives Inland Revenue Authority (MIRA) has been granted enhanced authority to take immediate action against individuals evading tax payments by withholding their bank accounts.
Under the revised...
The Maldives Inland Revenue Authority (MIRA) has strengthened its enforcement policies to allow the agency to freeze the bank accounts of non-payers of tax.
On Sunday, MIRA announced changes to three...
Minister of Economic Development and Trade Mohamed Saeed has revealed the government's goal of commencing operations of the Development Bank of Maldives (DBM) within this year.
Maldives Monetary Auth...
Criminal Court has ordered the arrest of a youth who is suspected of defrauding MVR 28,000 by sending a fake bank transfer under the pretense of selling US Dollars.
The suspect has been identified as...
Maldives Monetary Authority (MMA) has issued the licence required for the Development Bank of Maldives Limited (DBM).
President Dr. Mohamed Muizzu announced the formation of the DBM, on May 16. The r...
The Maldives Monetary Authority (MMA) has officially granted a banking license to the Development Bank of Maldives Limited, a fully government-owned entity. This pivotal move is set to enhance the nat...
Maldives Monetary Authority has today granted the license for operation of the first established Development Bank of Maldives.
Minister of Economic Development and Trade Mohamed Saeed stated on social...
