Government’s Decision to Increase BML Card Limits in Doubt Amid Dollar Shortage
The government’s recent decision to raise the monthly transaction limit of Bank of Maldives (BML) debit and credit cards to...
State Earns MVR 332 Million Revenue from Imports and Exports in December 2023
The state earned MVR 332 million from imports and exports over the last month, according to Maldives Customs Service data....
Government Working to Sort USD Exchange Rate Issue: Minister Saeed
Minister of Economic Development and Trade Mohamed Saeed has said that the government is already working to address the US...
MATI Proposes Increasing Foreign Hires in Tourism Industry
The Maldives Association of Tourism Industries (MATI) has proposed to increase the ratio of foreign employees in resorts to 70...
BML Confirms Continued USD Support Amid Speculation of Unsustainability
The Bank of Maldives (BML) has refuted claims that it might be looking to stop or limit US Dollar (USD)...
Maldives Establishes MIFSA to Introduce Offshore Financial Services
President Mohamed Muizzu, under the powers vested in him under the Special Economic Zones (SEZ) Act of 2014, has established...
Maldives to Address Low Local Representation in Tourism Workforce
According to the latest census, while there are 58,089 employed in the tourism industry, only 40 percent are Maldivians. The...
Maldives Sees Tourism Surge, Records 10.2% Increase in Arrivals
The Maldives has, so far this year, recorded a notable 10.2 percent surge in tourist arrivals compared to the corresponding...
Upwards of MVR 12 Billion Spent on PSIP Projects in 2023
More than MVR 12 billion was spent on Public Sector Investment Programme (PSIP) projects, or development projects, last year. According...
Government Issues Treasury Bills Worth Over MVR 4 Billion
Treasury bills worth MVR 4.2 billion have been offered on sale, with the Ministry of Finance issuing bills worth MVR...
