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HDC chief Mauroof resigns

He had earlier announced plans to retire on 18 August but reportedly resigned after being asked to resign by the Privatisation and Corporatisation Board (PCB).

Onion shipment cleared amid shortage; prices over MVR 35

STO has also confirmed efforts to import a shipment of onions to help stabilise prices.

Mubeen resigns as Regional Airports Company chief

Mubeen’s resignation comes as RACL and Maldives Airports Company Limited (MACL) are engaged in a government-initiated process to merge the two entities.

STO to import onions amid price surge, supply disruption

The decision comes following a disruption in regular onion imports due to adverse weather conditions, which has affected the usual weekly supply.

Sri Lanka president seeks Maldives investments

President Dissanayake also introduced opportunities within industrial zones and advanced technology parks in Sri Lanka.

BML records strong Q2: Net profit up 24% at MVR 558M

Year-to-date, BML has lent MVR 3 billion in new loans and finances to individuals and businesses.

BML launches Indian Rupee accounts in Maldives

BML customers, including businesses and expatriates, can open INR accounts online through Internet or Mobile Banking from 1 August.

Maldives, India launch negotiations for free trade agreement

Negotiations will also cover trade-facilitating measures.

Maldives, India sign pacts on $565M credit line, debt relief

Prime Minister Modi arrived in the Maldives earlier in the day at the invitation of President Muizzu.

MMA cuts minimum reserve requirement for dollar deposits to 5%

The exchange rate for the US dollar has risen to MVR 20 in the parallel market, prompting the central bank to take steps to increase dollar availability.

BML says following legal process in SDFC acquisition

Maldives Monetary Authority (MMA) clarified that it had not declared the transaction unlawful.

MMA says no legal irregularities in BML’s acquisition of SDFC

The MMA said it had reviewed the matter and found no violations of its regulations or the Banking Act.

HDC cancels Thilafushi land allocation over plan changes

All applications and offers submitted under the previous announcements have been cancelled.

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BML records strong Q2: Net profit up 24% at MVR 558M

Year-to-date, BML has lent MVR 3 billion in new loans and finances to individuals and businesses.