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...
MATI Delays Reethi Raajje’ Event Amid Rising Tensions With MMA
The Maldives Association of Tourism Industry (MATI) has postponed the launch of its Reethi Raajje’ National Campaign, originally scheduled for...
MATI Slams MMA for Ignoring Concerns in New Foreign Exchange Regulations
The Maldives Association of Tourism Industry (MATI) has criticised the Maldives Monetary Authority (MMA) for implementing amendments to the Foreign...
Fayyaz Voices Concerns Over New Foreign Exchange Regulations for Tourism Industry
Fayyaz Ismail, the opposition leader and chairperson of the Maldivian Democratic Party (MDP), has expressed concerns about the government’s newly...
Maldives Prioritises Exchange Reforms, Mandates Fixed USD Exchange for Tourists
The Maldives Monetary Authority (MMA) on Tuesday gazetted new regulations requiring tourism establishments to exchange foreign currency at fixed amounts...
Health Associations Unite in Coordinated Push to Ban Vaping in Maldives
Health associations across the Maldives have launched a unified campaign to ban vaping, intensifying calls for the government to prohibit...
MMA Urges Tourism Industry to Retain Higher Percentage of USD Revenue Within Banking System
The Maldives Monetary Authority (MMA) has held closed-door discussions with the tourism industry with a view to increasing the amount...
Aishath Sajny Resigns from Bank of Maldives Board Amid Leadership Turmoil
Aishath Sajny, one of the government’s representatives on the Board of Directors of the Bank of Maldives (BML), has resigned...
