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business

Bank of Maldives (BML)Maldives Monetary Authority (MMA)Bank of Maldives

Minister of Finance and Public Enterprises Hassan Zareer.

State spending surges past MVR 34bn mid-year: expenditure jumps 45 percent as public deficit emerges

The government recorded a MVR 1.3 billion deficit by late June, with MVR 34.2 billion in spending against MVR 22.5 billion in revenue. Major outlays included debt servicing, staff wages, and infrastructure projects. While tax collections reached MVR 17.2 billion, the Ministry of Finance noted that these figures remain subject to revision.

Mr. Mohamed Shareef, BML CEO and Managing Director.

BML reports MVR 647m net profit for Q2

India’s Unified Payments Interface (UPI) has emerged as a game-changer in the digital payments landscape since its launch in 2016.

Direct digital corridor: Maldives and India launch real-time cross-border transfers via Favara-UPI integration

All cabinet ministers stand to receive President Muizzu as he arrives for a cabinet meeting.

Recurrent costs consume 87 percent of state budget as PSIP spending plunges, deficit hits MVR 1.5bn

People crowded at the International Arrival of Velana International Airport.

Tracking overseas spending: MMA launches airport survey to uncover where Maldivian outflow money goes

The building housing the Maldives Monetary Authority, the central bank of the island nation.

Financial Squeeze: MMA assets drop to MVR 29.6bn as foreign liabilities mount

DHC-6 Twin Otter Classic 300-G

Maldivian elevates island travel with next-gen twin otter fleet expansion

The most significant revenue is from Tourism Goods and Services Tax.

State Budget Records MVR 1.5 Billion Deficit

Finastra's Universal Banking CPO Narendra Mistry (L) with Bank of Maldives CEO Mohamed Shareef (R) at Finastra's London office.

BML powers up its future with major core banking overhaul

A tourist floats on a transparent kayak over turquoise waters at Lily Beach Resort, Maldives.

Exclusive Maldives travel deal cuts five-night all-inclusive resort rate to USD 2,999

Maldives coin on top of dollar bills.

USD skyrockets past MVR 21.25 as black market pressures mounting public and local businesses

Bank of Maldives (BML) has introduced a specialized US Dollar financing facility to assist students in completing professional courses abroad and to facilitate the payment of associated certification fees.

BML Introduces Unsecured USD Education Loans

Banknotes worth one, five and ten U.S. Dollars lie on a table.

Central bank sounds the alarm: Maldives cash reserves plunge by millions as debt crunch looms

Aircraft by Air carrier Shirak Avia LLC is an Armenian carrier based at Zvartnots International Airport in Yerevan, Armenia.

Armenia’s Shirak Avia to launch direct flights to the Maldives

President launches BML's "Youth Entrepreneurship Financing" facility

BML introduces new financing facility providing up to MVR 150,000 without requirement of any collateral

An Air France plane lands at San Francisco International Airport (SFO) in San Francisco, California.

Air France to launch twice-weekly flights between Paris, Malé

U.S. Dollar banknotes laid out on a surface.

BML sold USD 1.7bn over the past two and a half years

Global Airlines is revising its business plan, revealing that the UK start-up’s Airbus A380 could head to the Maldives later this year

Global airlines set to launch flights to Maldives late 2026

A collection of vegetables lies on a table in the kitchen.

Vegetable prices leap over 20 percent!

Manila headquarters of the Asian Development Bank

Middle East turmoil drags regional growth: Afghanistan and Maldives slump to bottom of Asia’s economic rankings

Currency Maldivian rufiyaa banknotes various denominations.

Maldives fiscal alarm: state spending outpaces income as deficit hits MVR 110.6m

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ރާއްޖެ ދުނިޔެ ކުޅިވަރު ވިޔަފާރި - އިގްތިސާދު ސިއްހަތު ރިޕޯޓު ފިލްމް - މިޔުޒިކް ތަފާތު ޚަބަރު އިސްލާމް ލައިފް ސްޓައިލް

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