Fayyaz Voices Concerns Over New Foreign Exchange Regulations for Tourism Industry
Fayyaz Ismail, the opposition leader and chairperson of the Maldivian Democratic Party (MDP), has expressed concerns about the government’s newly...
Maldives Prioritises Exchange Reforms, Mandates Fixed USD Exchange for Tourists
The Maldives Monetary Authority (MMA) on Tuesday gazetted new regulations requiring tourism establishments to exchange foreign currency at fixed amounts...
MIRA Collects MVR 639 Million in Revenue; Receivables Exceed MVR 10 Billion
The Maldives Inland Revenue Authority (MIRA) has collected MVR 639 million in taxes and other revenue, according to the agency’s...
Ex-President Yameen Slams BML for Issuing Excessive Funds to Government
Former President Abdulla Yameen Abdul Gayoom has said that the Bank of Maldives (BML) is at imminent risk due to...
Government Secures MVR 800 Million Loan to Pay Salaries
The government has taken out a loan of MVR 800 million to pay the salaries of public sector employees this...
MMA Urges Tourism Industry to Retain Higher Percentage of USD Revenue Within Banking System
The Maldives Monetary Authority (MMA) has held closed-door discussions with the tourism industry with a view to increasing the amount...
Habeeb Named BML Chair; New Directors Appointed
The Bank of Maldives (BML) on Saturday announced the appointment of new directors and a chairperson to its Board of...
Aishath Sajny Resigns from Bank of Maldives Board Amid Leadership Turmoil
Aishath Sajny, one of the government’s representatives on the Board of Directors of the Bank of Maldives (BML), has resigned...
Opposition Leader Praises India for T-Bill Rollover Amid Economic Challenges
Opposition leader and Maldivian Democratic Party (MDP) chairperson Fayyaz Ismail has commended India for its continued support to the Maldives,...
India Rolls Over $50 Million Treasury Bill for Maldives Amid Geopolitical Tensions
At the request of the Government of Maldives, the State Bank of India (SBI) has rolled over a $50 million...
