Parliament Passes 40% Resort Dollar Conversion Rule and Restricts Black Market Rate Publication
Parliament mandates resorts convert 40% of foreign revenue and restricts publishing black market currency rates.
Home · Author
Author: Corporate Maldives
Parliament Approves Changes Enabling State Acquisition of Council Land for Development
Parliament approves Decentralisation Act amendments allowing state acquisition of council land for government development projects.
Parliament Passes New Land Transport Bill to Overhaul Road Safety Standards
Parliament passes Land Transport Bill modernising road safety, licensing, vehicle lifespan, and Greater Male mobility…
Maldivian Foreign Minister Travels to Saudi Arabia for Crucial OIC Meeting Regarding Palestine
Maldivian Foreign Minister travels to Saudi Arabia for OIC meeting advocating Palestinian rights.
My Career Portal: A Roadmap to Career Pathways
National Career Service launches My Career Portal connecting Maldivian job seekers with employers and guidance.
Parliament Committee Approves Harsher Penalties for Tax Offences
Parliament committee approves amendment increasing prison sentences and penalties for various tax offences.
Gov’t Proposes Legal Framework for Confiscating Criminal Property
Government proposes new legal framework to confiscate criminal assets, addressing gaps and poor enforcement of…
Tobacco-Free Pledge Faces Another Reversal as Import Concessions Expand
Government expands tobacco import concessions while claiming to fight tobacco use, raising policy contradiction concerns.
Palau Minister Highlights Strong Potential for Private Sector Collaboration with Maldives
Palau's minister highlights private sector collaboration opportunities with Maldives, citing Four Seasons and technology.
New Rule Requires Expatriate Workers to Receive Salaries Through Banks
New Maldives rule mandates expatriate salaries be paid directly into workers' bank accounts.
MATI Raises Concerns Over Proposed Increase in Mandatory Dollar Conversion
MATI opposes proposed 40 per cent mandatory dollar conversion, warning of unsustainable burden on tourism.
SIDS Global Business Network Forum Concluded Successfully
The 10th SIDS Global Business Network Forum concluded successfully with over 200 international delegates attending.
Maldives and UN Set Development Priorities Under New Cooperation Framework
Maldives and UN sign five-year cooperation framework guiding development priorities and sustainable financing.
Ibrahim Shiuree Resigns as Visit Maldives Managing Director
Ibrahim Shiuree resigned as Visit Maldives Managing Director on Monday for undisclosed reasons.
USD 76 Million Exchanged Through Unlicensed Currency Services, Minister Says
Minister says USD 76 million exchanged through unlicensed currency services, possibly constituting money laundering.
MHA Raises MVR 30 Million Through Fully Subscribed Sukuk
MHA raised MVR 30 million via fully subscribed Sukuk to fund Hulhumalé commercial development.
MMA Targets Rufiyaa-Based Financial System by 2030
MMA plans reforms to make Rufiyaa the primary currency for Maldivian transactions by 2030.
New Aviation Internship Scheme Launched Following MACL and VIHS Partnership
MACL and VIHS partner to launch aviation internship scheme offering students practical airport experience.
MPL and Uligan Council Sign Land Lease for Yacht Marina Development
MPL and Uligan Council sign land lease to develop a yacht marina.
Dhiraagu Malé Open 2026 Concludes with Over 420 Swimmers
Dhiraagu Malé Open 2026 drew over 420 swimmers, becoming Malé's largest open-water competition.
Maldives Seeks Closer SIDS Cooperation With Tuvalu and Palau
Maldives pursues closer SIDS cooperation with Tuvalu and Palau on climate finance and tourism.
MMA Names Rahaa Resort and South Palm Resort Over Forex Non-Compliance
MMA names two resorts for forex non-compliance as it steps up enforcement efforts.
President Muizzu Urges Shift in Global Investment Narrative Around SIDS
Muizzu urges reframing SIDS size as innovation advantage, seeking investment, technology and cross-island cooperation platforms.
Yazmeed Mohamed Assumes Office as Pension Office CEO
Yazmeed Mohamed becomes Pension Office CEO, prioritising fund security, sustainability, modernisation and public trust.