Government Directs BML Towards EGM, Seeks Board Member Appointments
Bank of Maldives (BML), at the direction of the Ministry of Finance, will hold an extraordinary general meeting (EGM) in...
Maldives Condemns Israeli Minister’s Call to Build Synagogue Inside Al-Aqsa Mosque
The Maldives has condemned in the strongest terms the recent statement by an Israeli minister calling for the construction of...
First Arrests in Maldives for Protesting Israel’s War on Gaza
Two women have been arrested for continuously protesting against Israel’s ongoing atrocities in Gaza, marking the first time in the...
BML Silent on Coup Allegation as Senior Government Officials Demand CEO Resignation
The Bank of Maldives (BML) has found itself at the centre of a political storm, with senior government officials alleging...
President Muizzu Calls BML’s Sunday Action, Aftermath ‘Attempted Coup’
President Mohamed Muizzu has likened actions in the aftermath of the Bank of Maldives’ (BML) announcement to drastically revise and...
Will Make It Mandatory for Businesses to Conduct Currency Exchanges Through Banks: Muizzu
Businesses in the Maldives will be banned from selling their US dollars on the currency black market, President Mohamed Muizzu...
Police Probe Alleged Coup Attempt Following BML’s Suspension of Foreign Transactions
The Maldives Police Service (MPS) has launched an investigation into allegations that the opposition attempted to stage a coup d’état...
GST Act Amendment Aims to Curb Loss of Tourism Revenue: Finance Ministry
The Goods and Services Tax Act (Act Number 10/2011) will be amended starting mid-2025 in order to address ongoing tourism...
Around 4,500 Political Positions Created by Government: MDP
The Mohamed Muizzu administration currently employs 4,500 political appointees, the opposition Maldivian Democratic Party (MDP) has said. Ibrahim Ameer, Finance...
Ameer Blames Government’s Reliance on Projected Revenues for Maldives’ Financial Struggles
Former Finance Minister Ibrahim Ameer has attributed the Maldives’ current financial difficulties to an over-reliance on expected revenues, criticising the...
