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...
Maldives, Saudi Arabia Ink Trade Relations MoU
Minister of Economic Development and Trade Mohamed Saeed has signed a Memorandum of Understanding (MoU) with Saudi Arabia to strengthen...
Muizzu Administration Seeks $70 Million Loan From Swiss-Based Vitol Group
The Maldivian government has approached the Vitol Group, a Switzerland-based Dutch multinational energy and commodity trading company, for a $70...
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...
MACL Pays MVR 25,000 Bonus to Each Employee Amid Profit Growth
Maldives Airports Company Limited (MACL), the operator of Velana International Airport, has paid a bonus of MVR 25,000 to each...
MVR 4 Billion Spent on SOEs as of July
While there are 23 state-owned enterprises (SOEs), MVR 4 billion from the state’s budget had been spent on these companies...
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...
Regulation Change on Foreign Vessels Grants Exclusivity to Maldivian Businesses
Only companies that are 100 percent locally owned can act as agents for foreign tourist vessels, the Ministry of Tourism...
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...
