World Bank has revealed that the country experienced an economic decline last year due to a delay in the completion of new projects.
The first Economic Prospectus released by the World Bank this year...
The tax on bank profit has increased last year.
As per the Maldives Inland Revenue’s statistics, the tax received from bank profits in 2019 was 613 million whereas, it was MVR 564 million in 2018.
T...
The revenue collected to Maldives state in Bank Profit Tax during 2019 improved significantly.
As per statistics from Maldives Inland Revenue Authority (MIRA), Bank Profit Tax to the state by November...
Maldives Islamic Bank (MIB) revealed that all branches of the bank will be closed on December 31.
Services will resume as per usual from all branches from January 5, onwards.
However, MIB's call centr...
Maldives Monetary Authority (MMA) is scheduled to close on December 31.
The central bank has announced the last day of the year the bank will be open on is Monday, December 30. It will be closed on De...
UNITED NATIONS (AP) — The U.N. Mideast envoy said Wednesday that Israel advanced or approved plans for over 22,000 housing units in West Bank settlements and east Jerusalem in the three years since th...
Bank of Maldives (BML) has established a self-service banking centre in Velidhoo.
Along with the centre, three branches providing banking services, three self-service banking ATMs and cash agents will...
The Bank of Maldives has hired Deloitte Singapore to conduct a forensic audit of transactions related to the theft of US$90 million from the Maldives Marketing and Public Relations Corporation.
The st...
A delegation of World Bank executive directors has conducted a three-day visit to Maldives during which it engaged in discussions with the Maldivian government and other developmental stakeholders reg...
President Ibrahim Mohamed Solih has held discussions with a visiting delegation of the World Bank regarding the developmental plans of the administration.
During the meeting held at the President’s Of...
