A digest of news and opinion from the Maldives.
Maldives Monetary Authority (MMA)’s Governor Ali Hashim has announced that all banks have agreed to extend the loan repayment period amid the spread of COVID-19 pandemic in the Maldives. There are eight banks operating in the Maldives, and only Bank of Maldives (BML) has announced the extension in the loan repayment period. Other banks such […]
President Ibrahim Mohamed Solih has this morning toured and inspected the COVID-19 Isolation facility in development in Farukolhufushi and toured the site of another Isolation facility in development near TreeTop Hospital in Hulhumale’. During this visit, President Solih inquired on the ongoing development work of the two facilities and its operations. The government is taking […]
Bank of Maldives (BML) announces revised working hours during 30th March and 2nd March 2020. BML has stated that they will be working from 9:30 am to 11:30 on 30th March and 2nd April. On 30th March and 2nd April, Main branch, Villimale and Hullhumale branch, Airport branch, BML Islamic branch, Customer service centre, and […]
President Ibrahim Solih has announced that the government is working on introducing a trading platform to provide fresh fruits and vegetables to the public. In a press conference, President stated that farmers have already started farming for Ramadan month, and due to travel restrictions the supply of these products might be difficult. Thus the government […]
As part of the Economic Recovery Plan to minimize the impact on individuals and businesses due to COVID-19, the Government has announced a deferment of loan repayments for Bank of Maldives BML) customers. BML’s moratorium will allow a deferment of monthly principal and interest repayments for 6 months to help individuals and businesses manage during […]
In a press conference addressing the nation, President of Maldives Ibrahim Mohamed Solih has announced that discussions are underway to reduce the internet charges. He further highlighted that the government will reveal this information in 2 days. The president’s office has previously ordered all Government employees to remain at home and to go outside only […]
President Ibrahim Mohamed Solih has announced that the government shutdown will continue for an additional week. This includes the government offices, schools and other educational institutions, closed public parks and dine-in services at restaurants and cafes. The government has also earlier imposed a nationwide shutdown of all guesthouses, banned excursions, and ceased travel between resorts […]
Island Aviation Service’s Managing Director Mohamed Rizvi has revealed that the company is ready to help the government if the government needs any help from them amid the spread of COVID-19 pandemic in the Maldives. Managing Director Rizvee has stated that the airline’s cargo flights and employees are prepared to help any government authorities that […]
India has declared a 21-day lockdown from 25th March onwards, to contain the spread of COVID-19 pandemic in the nation. Amid this lockdown, the Indian Embassy has stated they will maintain the supply of staple food to the Maldives despite the lockdown. An Embassy officer stated, even though there are difficulties in logistics due to […]