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.
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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.
New Rule Requires Expatriate Workers to Receive Salaries Through Banks
New Maldives rule mandates expatriate salaries be paid directly into workers' bank accounts.
MHA Raises MVR 30 Million Through Fully Subscribed Sukuk
MHA raised MVR 30 million via fully subscribed Sukuk to fund Hulhumalé commercial development.
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.
Gov’t Spending Rises 19 Percent as PSIP Expenditure Falls 30 Percent
Maldives fiscal balance falls into deficit as spending outpaces revenue and PSIP expenditure declines.
Bayfancy Material Showing Room Now Open – The Materials Behind Bayfancy
Bayfancy opens Material Showing Room showcasing high-end Chinese and international brands behind its residence.
Maldives Denies Approving Indian Consulate in Addu Despite Previous Gov’t Announcement
Maldives denies approving Indian consulate in Addu, contradicting a 2024 government announcement on bilateral cooperation.
Iyufa Amir Shapes People-First Culture at Madifushi Private Island
Iyufa Amir drives a people-first HR culture at Madifushi Private Island through trust and empowerment.
Cabinet Approves Tobacco Campaign, Prison SIM Controls and Tourist Fare Review
Cabinet approves tobacco campaign, prison SIM controls, special-needs facility upgrade and tourist airfare review measures.
Maldives Seeks Expanded Air Links with Russia During Moscow Visit
Maldivian tourism delegation visits Russia seeking expanded air links and stronger tourism cooperation between countries.
Gov’t to Pursue Tourism Leaseholders Over Unpaid Rent and Fines
Government to enforce lease obligations, pursuing tourism leaseholders over unpaid rent, fines, and penalties.
Maldivian Red Crescent Launches Commercial Development Project
Maldivian Red Crescent unveils Crescent Tower, a commercial development funding its humanitarian work and headquarters.
Hulhule Island Hotel Reaches 25-Year Milestone
Hulhule Island Hotel celebrates 25 years, award recognition, and commitment to service and talent development.
Bill Seeks GST Registration for Foreign Travel Agents and Booking Platforms
Proposed GST amendment taxing offshore travel platforms could generate MVR 1.6 billion annually.
‘Islands Are Us’ Unveiled as Theme for Visit Maldives Year 2027
Maldives unveils 'Islands Are Us' theme for 2027, broadening tourism marketing beyond sun and sea.
MMA Increases Banks’ Weekly Dollar Supply by 51%
MMA boosts banks' weekly dollar supply by 51% to ease importers' foreign currency access.
Maldives Moves to Join Saudi-Led Multinational Maritime Defense Alliance
Maldives seeks to join Saudi-led maritime defense alliance, pending parliamentary approval, protecting shipping routes.
Centara Hotels & Resorts – Maldives Partners with SAILS to Expand Hospitality Career Pathways for Maldivians
Centara Maldives partners with SAILS to build hospitality career pathways and training for Maldivians.
July Revenue Holds at MVR 3.41 Billion as Non-Tax Receipts Offset Tax Decline
July revenue held at MVR 3.41 billion as non-tax receipts offset tax declines.
Maldives Tourism Opens August with 6.8% Arrival Growth
Maldives tourism began August with 6.8% arrival growth despite an ongoing year-to-date shortfall.
Essential Commodity Prices in Malé Rise 6.07% Annually Despite July Decline
Malé essential commodity prices dipped in July but remained 6.07% higher year-on-year.
Ooredoo Maldives Shuffles Leadership with New Board and Secretariat Appointments
Ooredoo Maldives appoints new Chairman, two Board Directors, and Company Secretary in leadership shuffle.