Tag: Economy

The Privatisation and Corporatisation Board (PCB) has issued new directives requiring state owned enterprises to reduce spending and pause hiring and promotions, citing economic pressure linked to the Middle East conflict. What the directive says Under the directive, companies are required to reduce expenditure on salaries and allowances, organise work within official hours, and limit […]

Government of Maldives says it is monitoring the supply of essential goods and price changes as global disruptions linked to the Middle East conflict affect markets. Essential goods under watch Economic Minister Mohamed Saeed said 164 essential items are being tracked on a daily basis. He said no shortages have been reported over the past […]

Maldives has paid and settled a total of 524.68 million US dollars in Sukuk debt on 3 April 2026, according to the Ministry of Finance. What was paid? The payment includes: The debt was cleared using funds from the Sovereign Development Fund and state reserves. Where did this debt come from? The Sukuk was issued […]

Bank of Maldives (BML) is planning to expand beyond Maldives and has applied for a license to open a branch in Sri Lanka, according to CEO Mohamed Shareef. Sri Lanka is an important choice because it is home to one of the largest Maldivian communities, with many people living, studying, and doing business there. From […]