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…
National Budget 2025: SOE Salaries Should Be on Par With Civil Servants, says MMA Governor
The Governor of the Maldives Monetary Authority (MMA), Ahmed Munawar, has said that salaries of employees at state-owned enterprises (SOEs)…
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,…
Parliament Passes MVR 5.1 Billion Supplementary Budget With Zero Changes
The MVR 5.1 billion Supplementary Budget, proposed by the Mohamed Muizzu administration, has passed Parliament without any amendments. While the…
MMA Governor Munawar Calls for Changes in Global Framework to Reflect Debt Realities Faced by Small Island States
Governor of the Maldives Monetary Authority(MMA), Ahmed Munawar, speaking as chair of the International Monetary Fund (IMF) and World Bank…
Foreign Reserves Decline in September, Expected to Improve Going Forward
After an increase in foreign exchange reserves at the end of August, both gross reserves and usable reserves declined in…
New Exchange Regulations: Registration Portal Goes Live as MMA, Government Face Tourism Industry Pressure
The Maldives Monetary Authority (MMA) has initiated the process for tourist facilities to register with the authority, following the newly…
Shahid Warns New Foreign Exchange Regulations Could Hurt Tourism Industry
Abdulla Shahid, former Foreign Minister and President of the opposition Maldivian Democratic Party (MDP), shared his apprehensions on Wednesday about…
