MMA Proposes Forex Bill; Critics Highlight Shift in President’s Stance
The Maldives Monetary Authority (MMA) has proposed a foreign exchange bill to Parliament, proposing concessions to its controversial rules mandating...
Muizzu Signs Controversial Constitutional Amendment Into Law
President Mohamed Muizzu on Wednesday swiftly signed into law a contentious constitutional amendment expanding presidential powers and imposing stricter measures...
National Budget 2025: US$705 Million Surge in Reserves Projected as Usable Reserves Decline
State reserves are expected to increase by US$705 million next year, spurred on by the recent change in foreign exchange...
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...
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...
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...
Over 50 Resorts Reject New Foreign Currency Rule, Demand Government Action
More than 50 resorts are refusing to comply with a controversial new foreign currency regulation, sending formal objections to the...
Tourism Mogul Mohamed Moosa Urges Suspension of Foreign Currency Rule
Mohamed Moosa, one of the most influential business figures in the Maldives and a pioneer in the nation’s tourism sector,...
