Debt, weak policies affect Maldives’ tourism, investor appeal, new MATATO report warns

The Maldivian economy is in a fragile state primarily caused by a dollar crisis and excessive government expenditure, with negative impacts on the local tourism sector and investor interest in the destination, a new study by the Maldives Association of Travel Agents and Tour Operators (MATATO) said on Thursday. The report, based on extensive qualitative […]

Bank of Maldives announces record dividend payout

The Bank of Maldives Plc Ltd (BML) has announced a record dividend payout to shareholders on the back of a solid pre-tax profit of MVR932 in 2015, up 29 per cent from the previous year.