Maldives Records Sharp Decline in Fish Exports
The Maldives exported 33,994 metric tonnes of tuna from January to October this year, a decline in 46.1 percent over...
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...
Maldives, India Ink MoU on Using Local Currencies in Bilateral Cross-border Transactions
The Maldives and India, on Thursday, signed a memorandum of understanding (MoU) on the use of local currencies for cross-border...
Police Investigate Alleged Information Leak at MMA
Police entered the Maldives Monetary Authority (MMA), the country’s central bank, on Wednesday and Thursday to investigate the alleged leak...
Muizzu Government Pushes Swift Constitutional Amendment to Block MP Defections
The Muizzu government has proposed a constitutional amendment to prevent parliamentarians from switching political parties and to mandate the loss...
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...
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...
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...
