BML

CAPITALOG·CYBERIA·FEATURED·SOUTH ASIA·VISTASCAPE

29 Aug, 2024

Deputy Speaker Claims Opposition Plot to Destabilize Economy Foiled

Malé, Maldives — In a striking accusation, Deputy Speaker Ahmed Nazim alleged that the opposition orchestrated a ‘financial coup’ involving the Bank of Maldives (BML) in a deliberate attempt to destabilize the

CYBERIA·SOUTH ASIA

25 Aug, 2024

Bank of Maldives Tightens Card Limits on Foreign Transactions Amid Rising Currency Concerns

MALE, Maldives — The Bank of Maldives (BML) announced changes to its card limits for foreign transactions today, a move aimed at addressing the growing demand for foreign currency amid limited supply.

CYBERIA·SOUTH ASIA·VISTASCAPE

12 Feb, 2024

Academics Fear Curtailed Access to Knowledge as BML Considers Dollar Spending Limits

Dr. Ibrahim Latheef, Dean of Postgraduate Studies and prominent Maldivian academic with Villa College, expressed concern today over the Bank of Maldives’ (BML) recent moves regarding foreign currency spending, fearing it will

Maldives Drives Financial Inclusivity Under President Muizzu’s Leadership

MALE’, Maldives — In a move to ensure greater financial participation of the people, the government has signed agreements with the Bank of Maldives (BML) and the Maldives Islamic Bank (MIB) to

07 Nov, 2024

CYBERIA·SOUTH ASIA

Maldives Launches Low-Interest Housing Loan Scheme

MALE’, Maldives — The Maldives has introduced a low-interest housing loan scheme aimed at addressing housing needs, launched by President Dr. Mohammed Muizzu at a ceremony on Tuesday. Under the scheme, loans

06 Nov, 2024

SOUTH ASIA

BML to Sell Three Islands Tied to Mercurial Former Politician’s Company Over Unpaid Loan

MALE’, Maldives — Bank of Maldives (BML) has announced the sale of three islands linked to a company owned by Reeko Moosa Manik, a former film star turned mercurial political figure, amid allegations

29 Oct, 2024

CAPITALOG·SOUTH ASIA·VISTASCAPE

Bank of Maldives Reports Strong Q3 Growth, Appoints First Maldivian CEO

MALE’, Maldives — Amid recent social media backlash over limits placed on USD transactions for BML-issued cards, Bank of Maldives (BML) reported a robust third-quarter performance, posting a net profit of MVR

29 Oct, 2024

SOUTH ASIA

BML Reverses Decision on Dollar Transaction Limits After Government Intervention

MALE, Maldives — The Bank of Maldives (BML) reversed its earlier decision to limit foreign transactions on Maldivian Rufiyaa-linked visa cards after a swift intervention by the government and public outcry, the

25 Aug, 2024

CYBERIA·SOUTH ASIA·VISTASCAPE

Bank of Maldives Eases Financial Strain for Borrowers

In a practical move aimed at assisting borrowers, the Bank of Maldives (BML) has decided to lower overdue interest rates, effective from January 24th, 2024. The reduction, from 2% to 0.5%, signifies

04 Feb, 2024

CAPITALOG·CYBERIA·SOUTH ASIA·VISTASCAPE

Currency Crossroads: Government Shakes BML Board in Dollar Dilemma

Last week, the Bank of Maldives (BML) took center stage in economic discussions in the Maldives following the government’s decision to dismiss five directors, including the Chairman. This development has prompted a

28 Jan, 2024