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Business Centre Corporation (BCC)
In the news, last 90 days
Economy
Handicrafts to innovation: Maldives Expo 2026 concludes with...
Maldives Expo 2026 concluded at Hulhumalé Central Park, showcasing more than 4,400 products from 430 exhibitors across 73 categories and 16 sectors. The event was jointly organised by the Ministry of Economic Development, Transport and Trade and the Business Centre Corporation, and was officially inaugurated by President Dr Mohamed Muizzu and First Lady Sajidha Mohamed on 25 October.
Economy
BML opens payment gateway applications for MSMEs
Bank of Maldives (BML) has opened applications for its payment gateway service for micro, small and medium-sized enterprises, enabling local businesses to receive payments in US dollars from customers worldwide. Applications are accepted through the Business Centre Corporation portal, with the initiative carried out in collaboration with the Ministry of Economic Development and BCC.
Economy
BML to enable MSMEs to receive international payments through the BML payment gateway
The Bank of Maldives announced on 25 October 2026 that it had finalised arrangements to let Micro, Small and Medium Enterprises receive payments from overseas customers through the BML Payment Gateway, delivered with the Ministry of Economic Development, Transport and Trade and the Business Centre Corporation. The partners are working towards launching the service on 1 November 2026.
Economy
BML Gateway to Allow USD Payments for Local Businesses from 1 November
President Dr Mohamed Muizzu announced that the Bank of Maldives payment gateway will let local businesses receive international customer payments in US dollars from 1 November, with the Ministry of Economic Development and Trade, the Business Centre Corporation and BML jointly developing the framework. He also cited government financing figures for SMEs and the Youth Entrepreneurship Programme.
Economy · Press release
President inaugurates Maldives Expo 2026
President Dr Mohamed Muizzu inaugurated Maldives Expo 2026, described as the largest exhibition ever held in the Maldives, at Hulhumalé Central Park. The expo brings together 430 participants showcasing more than 4,400 products across seven exhibition districts and will run until 2 November.
Economy · Official
President assures more favourable opportunities for SMEs within the next three months
President Dr Mohamed Muizzu announced a series of SME support measures to be introduced between November 2026 and January 2027, including USD payment facilities, tax-free zones in Addu City, GST threshold revisions, zero-rated import duties on raw materials, and a second-phase youth loan scheme. The announcements were made at the awards ceremony of Maldives Expo 2026 at Barceló Nasandhura.
Economy
BML becomes official banking partner of Maldives Expo 2026
Bank of Maldives (BML) signed an agreement to become the official Banking Partner of Maldives Expo 2026. The nine-day exhibition, jointly organised by the Business Centre Corporation and the Ministry of Economic Development, Transport and Trade, will be held from 25 October to 2 November 2026 at Hulhumalé Central Park.
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