News

BML CEO Mohamed Shareef appointed chairman of Asian Bankers Association

Mohamed Shareef, Chief Executive Officer and Managing Director of Bank of Maldives (BML), has been appointed Chairman of the Asian Bankers Association (ABA), becoming the first Maldivian to lead the…

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Government subsidy spending surges 86% to MVR 3.13 billion as fuel, electricity costs rise

Government spending on subsidies has climbed to MVR 3.13 billion as of 16 July, an 86 percent increase compared to…

President Muizzu appoints Uz. Amjad Musthafa to lead the Employment Tribunal

President Dr. Mohamed Muizzu has appointed Uz. Amjad Musthafa as President of the Employment Tribunal, returning him to a position…

STELCO schedules Hulhumalé Phase II power grid upgrade until 31 July, brief outages possible

The State Electric Company Limited (STELCO) has announced that it will begin upgrading the power distribution network in Hulhumalé Phase…

BML selects Finastra Essence to modernize core banking and accelerate digital transformation

The Bank of Maldives (BML) has selected global financial technology company Finastra to modernize its core banking platform, marking a…

Swimmers have until 31 July to join Dhiraagu Malé Open

Registrations for the 2026 Dhiraagu Malé Open Swimming Competition will close on 31 July, with organisers encouraging swimmers to secure…

BML Academy partners with INCEIF University to expand professional development opportunities

Bank of Maldives (BML) Academy has entered into a strategic partnership with INCEIF University, strengthening its commitment to developing the…