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Maldives central bank seeks vendors for new payment system

maldivesindependent.com/...
11 Feb 2019

The Maldives Monetary Authority is seeking vendors for a new payment system development project. The central bank described the Maldives Payment System Development as a “three-phase initiative to tran...

Sea deposits create bank at Nellaidhoo harbour

raajje.mv/en/news/50013
Shan Anees 08 Feb 2019

Sea deposits at the harbour in Nellaidhoo island of the northern Haa Dhaal atoll has created a sand bank there.  Mohamed Ilham, deputy president of the island’s local government council, said that the...

Palestinians, Israeli troops clash in West Bank, Gaza

en.sun.mv/52165
02 Feb 2019

JERUSALEM (AP) — Palestinian protesters and Israeli troops skirmished Friday as hundreds demonstrated against violence by Jewish settlers in the Israeli-occupied West Bank and thousands more against a...

Bank of Ceylon to unveil Hulhumale branch

edition.mv/business/8995
30 Jan 2019

Bank of Ceylon (BOC) is to unveil its second branch in the Maldives, located in the reclaimed suburb of Hulhumale’, on Thursday. BOC's Country Manager to the Maldives, B K Gurusinghe, stated that all...

Police: Former prison guard trainee kills 5 in Florida bank

en.sun.mv/51999
24 Jan 2019

SEBRING, Fla. (AP) — A former prison guard trainee who recently moved to Florida from Indiana killed five people during a standoff at a small town bank before surrendering to a SWAT team that stormed...

Abdul Muhaimen appointed CEO and MD of Maldives Islamic Bank

en.sun.mv/51954
22 Jan 2019

A. E. Abdul Muhaimen, a Bangladesh citizen, has been appointed CEO and MD of Maldives Islamic Bank (MIB). The MIB announced the appointment in a press statement last Monday. Muhaimen had been serving...

World Bank delegation arrives in Maldives

edition.mv/news/8833
20 Jan 2019

The World Bank’s Vice President for South Asia Region, Hartwig Schafer, arrived in Maldives on January 17. The four-day trip marks Schafer's first visit to Maldives, during which he will meet with top...

World Bank President Jim Yong Kim announces his departure

en.sun.mv/51688
08 Jan 2019

WASHINGTON (AP) — Jim Yong Kim, the president of the World Bank, announced Monday he is resigning at the end of January. Kim's unexpected departure three years before his term was set to expire is lik...

City Councils to receive 15% share of SME Bank

mbr.mv/3330/
Hussein Ali 08 Jan 2019

Maldivian Ministry of Economic Development has revealed that City Councils will hold a total of 15% shares from the SME Bank, which is being developed by the government for Small and Medium Enterprise...

Addu City Council to hold stake in new SME bank

avas.mv/en/58495
07 Jan 2019

The council of the southernmost Addu City has passed a resolution to hold a five percent stake in the SME bank being established by the incumbent government. In the resolution submitted by Addu mayor...

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