State company
Business Center Corporation (BCC)
In the news, last 90 days
Justice
In the case seeking to halt use of the name 'Maldives Expo', the ruling comes after the expo concludes
The Civil Court ruled that it cannot issue an interim order stopping the Ministry of Economic Development and Trade and the Business Center Corporation from using the name "Maldives Expo" for the exhibition. The case was brought by Maldives Expo Pvt Ltd, which argued it had suffered business losses since the state began promoting an exhibition under the same name.
Economy
BML opens payment gateway applications for MSMEs to receive US dollars
Bank of Maldives has opened applications for micro, small and medium enterprises to use its Payment Gateway, allowing them to receive US dollar payments from overseas customers. Applications are made through the Business Center Corporation portal, under a partnership between BML, the Ministry of Economic Development, Transport and Trade and BCC.
Economy
BML invites applications for second phase of Youth...
Bank of Maldives (BML) and SME Digital have invited applications for the second phase of the Youth Entrepreneurship Financing facility, offering Maldivians aged 18 to 30 financing of up to MVR 150,000 without collateral at a 7 per cent annual profit rate over five years. The first phase provided more than MVR 300 million to over 3,000 young entrepreneurs as part of a wider MVR 1 billion initiative launched in July 2026.
Economy
What to see at Maldives Expo 2026 before it closes
Maldives Expo 2026, organised by the state-owned Business Center Corporation at Hulhumalé's Central Park, features seven districts and 4,434 product entries from 439 participants across 73 categories. Awards were presented at a ceremony on 24 October, and the expo closes on Monday.
Economy
President Muizzu inaugurates largest-ever Maldives Expo showcasing 4,400 products
President Dr Mohamed Muizzu inaugurated the Maldives Expo 2026 at Hulhumalé Central Park, featuring 419 participants and approximately 4,400 products across 73 categories and 16 sectors. Organised by the Ministry of Economic Development and Trade and the Business Center Corporation, the exhibition runs until November 2 with expanded districts and growth over the previous edition.
Economy
BML to facilitate overseas payments for small businesses starting November
Bank of Maldives has finalised preparations to let Maldivian micro, small and medium enterprises accept US dollar payments from international customers through its payment gateway, with the service expected to launch on November 1, 2026. The initiative is being introduced with the Ministry of Economic Development, Transport and Trade and the Business Center Corporation, following President Dr Mohamed Muizzu's remarks at the Maldivian Production Expo 2026.
Economy
President announces US dollar payment gateway for small businesses from November 1
President Dr Mohamed Muizzu announced that eligible Maldivian producers and small businesses will be able to receive US dollar payments through a Bank of Maldives payment gateway starting November 1. The initiative, implemented with the Ministry of Economic Development and Trade and the Business Center Corporation, aims to ease international payments for MSMEs and includes measures for overseas purchases, remittances and recurring subscriptions.
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