Maldives Records Sharp Decline in Fish Exports
The Maldives exported 33,994 metric tonnes of tuna from January to October this year, a decline in 46.1 percent over...
Parliament Approves Record MVR 56.6 Billion Budget for 2025
Parliament on Wednesday approved a record MVR 56.6 billion budget for 2025, with 70 members voting in favour and 11...
MMA Proposes Forex Bill; Critics Highlight Shift in President’s Stance
The Maldives Monetary Authority (MMA) has proposed a foreign exchange bill to Parliament, proposing concessions to its controversial rules mandating...
Maldives, India Ink MoU on Using Local Currencies in Bilateral Cross-border Transactions
The Maldives and India, on Thursday, signed a memorandum of understanding (MoU) on the use of local currencies for cross-border...
STO Chairman Amir Mansoor Hits Out at Government’s New Foreign Exchange Rule
Prominent businessman and State Trading Organization (STO) Chairman Amir Mansoor has criticised the government’s new foreign exchange regulation, declaring he...
Maldives’ Spending Exceeds MVR 40 Billion
The state, as of 7 November, has spent MVR 41.59 billion of the National Budget 2024, including for expenditure on...
Muizzu’s Top Tourism Advisor Joins Growing Opposition to Foreign Exchange Regulation
A senior advisor to President Dr Mohamed Muizzu has joined the expanding chorus of protests against the Maldives Monetary Authority’s...
Universal Enterprises Raises Concerns Over New Foreign Exchange Rules in Letter to MMA
Universal Enterprises Pvt Ltd, one of the Maldives’ largest hospitality companies, has formally voiced its opposition to the Maldives Monetary...
National Budget 2025: SOE Salaries Should Be on Par With Civil Servants, says MMA Governor
The Governor of the Maldives Monetary Authority (MMA), Ahmed Munawar, has said that salaries of employees at state-owned enterprises (SOEs)...
Over 50 Resorts Reject New Foreign Currency Rule, Demand Government Action
More than 50 resorts are refusing to comply with a controversial new foreign currency regulation, sending formal objections to the...
