Maldives debt service requirements in 2026 to cross $ 1b

The impact on the country’s reserves has fallen to an unprecedented level in recent history, Erdem Atas noted.

23 November 2023

Israeli airstrike kills eight at Gaza aid centre, witnesses say

The Israeli military said it was continuing "intelligence-based, targeted operations" in the Rafah area.

24 June 2024

SVB is largest bank failure since 2008 financial crisis

Sources said the bank tried to look at other options, including a sale, until regulators stepped in and shut the bank down.

12 March 2023

Maldives economy on red alert; headed towards crisis

"Everybody [all the politicians] wanted to promise their voters good things without saying, well, this would actually cost a lot of money, which we don't have".

23 November 2023

Court orders Maldives FA to settle USD100,000 debt

The Civil Court had also ordered the FAM to pay MVR 500,000 to Beehive last November.

29 March 2024

Sri Lanka's bondholders send debt rework proposal to government

Bondholders and government officials met in Washington this week, with legal and financial advisers for both sides present, two sources said.

16 April 2023

As banking sector confidence falters, central banks to do more

U.S. regulators said last week the banking system remained 'sound and resilient' in a bid to calm markets and bank depositors.

27 March 2023

Pakistan clinches last-gasp $3 billion IMF bailout

Reforms in the energy sector, which has accumulated nearly 3.6 trillion Pakistani rupees.

1 July 2023