Australia's Commonwealth Bank (CBA) reported an 11.3-percent drop in full-year cash profits Wednesday as it took provisions against loan losses due to the coronavirus crisis.
CBA said its statutory ne...
The government has overdrawn MVR 4 billion from the central bank Maldives Monetary Authority (MMA).
The overdraw of the public account means that the MMA lends the government more than the actual amou...
Ministry of Finance has revealed Ahmed Siyam Holdings Private Limited (ASH) has been paying the loan taken from the Export-Import Bank of China under a sovereign guarantee from the government of the M...
Ministry of Finance revealed on Thursday that the sovereign guarantee of USD 127.5 million (MVR 2 billion), which was granted to Ahmed Siyam Holdings Pvt Ltd (ASH), has been paid back in full to the E...
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...
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...
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...
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...
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...
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...
