MMA Approves License for Country’s First Development Bank
The Maldives Monetary Authority (MMA) has officially granted a license for the operation of the country’s first Development Bank, marking a signifi…
Economic Development
Maldives and China Sign MoU for Local Currency Transactions
The Maldives and China have signed a Memorandum of Understanding (MoU) today, allowing current account transactions in local currencies between the…
US Assists Maldives in Overcoming PayPal Introduction Challenges
The United States government is playing a pivotal role in helping the Maldives overcome the challenges of introducing PayPal services. This was hig…
Maldives Passes New Foreign Investment Law After 45 Years
President Dr. Mohamed Muizzu has ratified a new Foreign Investment Bill, replacing the Maldives' outdated foreign investment framework that had…