Analysts Warn of Economic Turmoil Following BML’s Halt on Dollar Transactions
Analysts are warning of severe economic repercussions following the Bank of Maldives’ (BML) decision to halt foreign transactions on cards...
Bank of Maldives Curtails Foreign Transaction Limits on Cards
The Bank of Maldives has announced immediate changes to its card limits for foreign transactions, citing an increase in foreign...
BML Deputy CEO Aishath Noordeen Removed from Board
Aishath Noordeen, Deputy CEO of Bank of Maldives (BML), has been dismissed from the bank’s board of directors after 42...
Urban Development Bill Slammed for Undermining Decentralisation
Opposition leader and Maldivian Democratic Party (MDP) Chairperson Fayyaz Ismail has criticised the government’s proposed Urban Development Bill, warning that...
MMA Denies Reports of Depleted Usable Dollar Reserves
The Maldives Monetary Authority (MMA) has denied reports claiming that the nation’s usable dollar reserves have been fully depleted for...
Parliament Approves Six-Month Continuation of Concession for Tourism Lease Extension
Parliament on Monday approved an amendment to the Tourism Act, granting a six-month extension to the reduced fee window for...
Parliament Committee Grills LGA Officials Over Directive to Withdraw Council Statement
The Local Governance Authority’s (LGA) Chief Executive Officer (CEO) Mariyam Zulfa faced a barrage of questions from members of the Parliament Decentralisation...
At Least 112 Killed, 760 Injured After Israeli Forces Open Fire on Palestinians Rushing for Food Aid
At least 112 Palestinians have been killed and 760 injured after Israeli forces opened fire on a crowd of Palestinians...
MIFCO Lowers Purchase Price of Skipjack Tuna Amid Financial Challenges
Maldives Industrial Fisheries Company (MIFCO) on Monday reduced the per kilogram purchase price of Skipjack tuna from MVR 25 to...
Ambassador-at-Large’s Company Paid Over Half-a-Million Rufiyaa by City Council
A company owned by Mohamed Hussain Shareef, a political appointee by President Mohamed Muizzu under the designation ‘Ambassador-at-Large’ at the...
