Muizzu Stands Firm on Controversial Forex Policy Despite Industry Backlash
President Mohamed Muizzu has reaffirmed his commitment to the Maldives Monetary Authority’s (MMA) controversial foreign exchange rules, dismissing widespread opposition...
Maldives Launches First Development Bank
President Mohamed Muizzu officially inaugurated the Development Bank of Maldives (DBM) on Saturday night. The nation’s first development bank will...
Muizzu Administration Lacks Direction, Vision: Ex-President Solih
The Mohamed Muizzu administration lacks direction and vision, former President Ibrahim Mohamed Solih has said. He was speaking during an...
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...
IFJ, MJA Sound Alarm Bells as Parliament Moves to Consider ‘Controversial’ Media Regulator Bill
The International Federation of Journalists (IFJ) on Friday declared the proposed Maldives Media and Broadcasting Commission Bill a threat to...
Muizzu Indirectly Criticises Resort Owners Amid Foreign Exchange Dispute
President Mohamed Muizzu issued an indirect critique of the country’s leading hoteliers on Thursday, accusing some business figures of prioritising...
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...
MDP Calls for Withdrawal of Media Bill, Citing Threat to Press Freedom
The opposition Maldivian Democratic Party (MDP) has called on the government to withdraw the proposed Maldives Media and Broadcasting Commission...
