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Maldives central bank reports jump in Q1 tourism income

avas.mv/en/51213
Mohamed Rehan 09 Jul 2018

Maldives Monetary Authority (MMA) survey has reported tourism industry income for first quarter of 2018 has jumped significantly. The MMA publicized survey indicates tourism sector of Maldives generat...

Maldives reserve up 59 percent, central bank says

avas.mv/en/50716
28 Jun 2018

Maldives' gross international reserves registered a growth of 59 percent at the end of April, the country's central bank has said. According to Maldives Monetary Authority (MMA) monthly economic high...

Amendment submitted to change duration period of Bank’s Board of Directors

corporatemaldives.com/am...
Corporate Maldives 28 Jun 2018

Ruling Party member Jameel Usman has submitted amendments to Maldives Banking Act (24/2010). Amendments to Article 15 (b) is a change to the duration of the board members. The newly submitted amendmen...

Maldives to get USD12 mln World Bank package to boost public finance system

avas.mv/en/49941
12 Jun 2018

The World Bank are set to give a USD12 million financial package to the Maldives to strengthen the archipelago’s public sector financial management systems. Building on the existing Public Financial...

USD12 mln by World Bank for Maldives' public sector financial management

edition.mv/news/6173
Fathmath Shaahunaz 11 Jun 2018

World Bank has decided to grant a USD 12 million financial package to the Maldives, in order to strengthen the island nation's public sector financial management systems. According to a press release,...

Maldives in discussion with Malaysia’s SME bank

corporatemaldives.com/ma...
Corporate Maldives 10 Jun 2018

In order to develop the small and medium enterprises in Maldives, representatives from the Ministry of Economic Development held discussions with Malaysia’s Small Medium Enterprise Development Bank. L...

Maldives to get US$12 million World Bank package

maldivesindependent.com/...
09 Jun 2018

The World Bank is giving the Maldives a US$12 million financial package to improve the efficiency of its public finances and services. The finance ministry has made progress in reducing the fiscal def...

Islamic Bank's ATM installed at Velana International Airport

en.sun.mv/48834
29 May 2018

An ATM machine of the Maldives Islamic Bank (MIB) has been installed at Velana International Airport.  The machine installed near the Ooredoo shop near the International Arrival Gate and the Domestic...

Bank loans up in 2017 with increased lending for tourism

en.mihaaru.com/bank-loan...
Rae Munavvar 10 May 2018

Aerial view of Maldives Monetary Authority (MMA) in capital Male. The central bank, MMA, reported that the loans released for tourism investments has led to an increase of 15 percent in the amount of...

Bank of Ceylon to open branch in Hulhumale

en.mihaaru.com/bank-of-c...
Nafaahath Ibrahim 10 May 2018

Agreement signing for the opening of Bank of Ceylon branch in Hulhumale. PHOTO/HDC Bank of Ceylon’s (BOC) is planning to open a second branch in the Maldives. The new BOC branch is to be located in th...

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