China’s loans and trade policies push Maldives towards debt crisis

Mar 14, 2025, at 11:16 pm

New Delhi: The Maldives is grappling with a deepening debt crisis, with foreign exchange reserves at precarious levels and looming repayments threatening its economic stability, according to a report by an independent journalist and human rights activist.

Traders flee Maldives amid escalating default risk as foreign currency crisis deepens: Report

Sep 06, 2024, at 04:48 am

Male: The selloff of Maldives' Islamic bonds has worsened, with the dollar-denominated sukuk maturing in 2026 falling below 70 cents this week, a new record low, Bloomberg reported.

Maldives may introduce India's RuPay service amid recent diplomatic row

May 26, 2024, at 07:00 pm

Maldives may soon introduce India's RuPay service, a senior minister of the country said recently.

Reliance Jio's subsea cable system IAX to connect the Maldives directly to India & Singapore

Feb 22, 2022, at 11:29 pm

Mumbai/IBNS: Reliance Jio Infocomm will land the next generation multi-terabit India-Asia-Xpress (IAX) undersea cable system in Hulhumale, the Maldives, directly connecting it with the world’s major internet hubs in India and Singapore, the company said in a regulatory filing on Monday.

Maldives planning to scrap FTA with China to protect trade relationship with other nations

Oct 13, 2020, at 08:05 pm

Male: Maldives may soon scrap Free Trade Agreement (FTA) with China to protect its trade relationship with other countries, media reports said.

IndiGo transports over 50T in its CarGo flights to Singapore and Maldives

May 04, 2020, at 11:52 am

Kolkata/UNI:  In its endeavour to provide support to the nation in the current scenario, IndiGo operated three international CarGo flights, to and from Singapore and Maldives.