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...
Nasheed Calls for Full Transparency on Financial Crisis
Former President Mohamed Nasheed has called for a transparent explanation of the Maldives’ financial situation, following the Bank of Maldives’...
Fayyaz Expresses Concerns Over Economic Fallout From BML’s Restriction on Dollar Transactions
Opposition leader and former Economic Minister Fayyaz Ismail has sharply criticised the Bank of Maldives’ recent decision to restrict foreign...
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...
Fayyaz, Saeed Clash Over Economic Policy, Recovery Strategies
A political debate has erupted over the dismissal of Aishath Noordeen, the Deputy CEO of Bank of Maldives (BML), from...
