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MIRA recuperates MVR 2M by freezing bank accounts

en.sun.mv/62068
02 Aug 2020

Maldives Inland Revenue Authority (MIRA) has said that as part of the efforts to recover state assets, it had obtained MVR 2 million by freezing various accounts. The first quarter report for 2020 pub...

National bank introduces online token service

avas.mv/en/85576
11 Jul 2020

Bank of Maldives, BML has introduced virtual queueing for services at Male’ based branches and service centres via online queue tokens. With this change, customers can request for tokens for the Bank...

National Bank installs solar streetlights in Kumundhoo

avas.mv/en/84927
29 Jun 2020

Bank of Maldives (BML) has installed solar streetlights in Hdh. Kumundhoo under its ‘Aharenge Bank Community Fund”. BML said 22 solar-powered streetlights have been installed in the main road of the...

Maldives at high risk of debt distress from China: World Bank

edition.mv/news/17487
Mariyam Malsa 27 Jun 2020

The World Bank revealed that Maldives was included among nine countries ranked to be in debt distress or at high risk as a result of loans from China. Recently published to support the G20 Debt Servic...

National Bank announces top five proposals for community fund

avas.mv/en/84584
22 Jun 2020

Bank of Maldives (BML) on Monday announced the five winning proposals of the first quarter to provide funds under “Aharenge Bank Community Fund”. BML said funds would be transferred to five parties wh...

Virus-fighting Bank of England pumps out extra £100bln stimulus

edition.mv/world/17334
18 Jun 2020

The Bank of England on Thursday unveiled an extra £100 billion of cash stimulus to prop up Britain's coronavirus-hit economy, despite a slump less severe than first thought. The BoE, reporting the out...

World Bank expect Maldives economy improvement in 2021

mbr.mv/9992/
Editorial 16 Jun 2020

The World Bank expect Maldives economy will improve between 7.9 to 8.5 percent in the coming year of 2021. According to the bank’s “World Bank Maldives Development Update” report, the economic impact...

Renewable energy investments can support economic recovery in Maldives: World Bank

edition.mv/news/17265
Shahudha Mohamed 15 Jun 2020

World Bank on Monday stated that increased investments in renewable energy can contribute to the post-COVID-19 economic recovery of Maldives and create more job opportunities. According to the latest...

European Investment Bank provides Maldives with EUR 20m loan

en.sun.mv//61101
15 Jun 2020

The Finance Ministry of Maldives has signed an agreement for a loan of EUR 20 million with The European Investment Bank (EIB). The loan comes as a part of European action to help sustain the local eco...

Maldives economy expected to improve in 2021: World Bank

avas.mv/en/84245
15 Jun 2020

The World Bank has predicted that the Maldives economy will increase between 7.9 to 8.5 percent in the upcoming year. The latest 'World Bank Maldives Development Update' report published by the bank s...

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