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The Maldives Monetary Authority (MMA) has extended the deadline for institutions wishing to participate in the Maldives Financial Expo, which is scheduled to take place later this year.
The previous deadline for applications was 1 June. The central bank has now extended the submission period until Saturday, 6 June, to allow additional time for financial institutions...
Fenaka Corporation has introduced a redundancy policy aimed at reducing staff costs, with employees opting for voluntary resignation eligible for a lump-sum payment equivalent to four months’ salary.
Speaking on the Public Service Media’s Raajje Miadhu program on Wednesday, Managing Director Mohamed Afeef Hussain said the decision follows mounting cost pres...
Fitch Ratings has upgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-’ from ‘CC’, citing reduced default risks following the successful repayment of the country’s USD500 million sukuk in April and improvements in its near-term external financing outlook.
The ratings agency said the upgrade reflects a lower risk of default after the...
Maldives Airports Company Limited (MACL) has urged travellers to use public ferry and bus services when travelling to the airport due to an expected influx of Hajj pilgrims returning to the Maldives.
In a passenger advisory issued on Wednesday, MACL warned that congestion is likely at the airport on 5, 7, 8 and 9 June, when large numbers of pilgrims, travellers and ...
The Mayor of Malé, Adam Azim, said that vendors at the Vilimalé local market often rely on foreign workers due to difficulties in recruiting local staff, while stressing that any regulatory response must be coordinated with the police and the Ministry of Economic Development and Trade.
He made the remarks during discussions at the Malé City Council’s fifth term seco...