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...
Analysts Warn of Economic Turmoil Following BML’s Halt on Dollar Transactions
Analysts are warning of severe economic repercussions following the Bank of Maldives’ (BML) decision to halt foreign transactions on cards...
Vice President Latheef’s Cryptic Message Sparks Speculation
Vice President Hussain Mohamed Latheef released a cryptic message on X, formerly known as Twitter, on Saturday. “Everything is subject...
Opposition Leader Criticises Government’s Influence Over BML Following Deputy CEO’s Removal
Opposition leader and former economic minister Fayyaz Ismail has criticised the government for what he describes as “undue influence” over...
BML Deputy CEO Aishath Noordeen Removed from Board
Aishath Noordeen, Deputy CEO of Bank of Maldives (BML), has been dismissed from the bank’s board of directors after 42...
Report Circulating on Social Media Claiming President and Speaker received MMPRC Pay-Offs Fake: Police
The report circulating on social media, claiming that former Vice President Ahmed Adeeb Abdul Ghafoor made pay-offs to President Mohamed...
Food Safety Act Comes Into Effect, Empowers Reconstituted MFDA
President Mohamed Muizzu has reconstituted the Maldives Food and Drug Authority (MFDA) in accordance with the new Food Safety Act...
