Gov’t Moves to Retake Dhiraagu Majority and Fully Own MWSC
Government moves to secure majority Dhiraagu stake and full ownership of MWSC utility companies.
Section
Government
Gov’t Offers MVR 645.41 Million in Treasury Bills
Government offers MVR 645.41 million in Treasury bills, mostly maturing within six months.
Abdulla Faiz Appointed as Chairperson of MIFCO
Abdulla Faiz, a veteran commercial and tourism executive, appointed Chairperson of state-owned MIFCO.
MIRA Demands Foreign Tourism Booking Data
MIRA orders tourism operators to disclose foreign booking partners to enforce new GST registration rules.
Maldives to Establish Legal Framework for Offshore Resource Exploration
Maldives Cabinet approves legal framework to regulate offshore exploration and extraction of natural resources.
Seven New Laws Reshape Tax, Forex and Transport Rules
Seven ratified laws expand state regulation over forex, taxation, land, transport and fisheries.
New Regulations Expand MMA Oversight of Insurance Sector
MMA issues two new insurance regulations tightening local coverage, licensing, and enforcement oversight standards.
Gov’t Plans High-Tech Engineering Lab for Local and International Research
Muizzu announced a high-tech engineering lab for local and international research, funded without state budget…
Immigration Extends Passport Validity as Booklet Shortage Continues
Maldives Immigration extends passport validity and issues emergency passports amid delayed booklet shipment from Germany.
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.
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…
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.
New Rule Requires Expatriate Workers to Receive Salaries Through Banks
New Maldives rule mandates expatriate salaries be paid directly into workers' bank accounts.
Ibrahim Shiuree Resigns as Visit Maldives Managing Director
Ibrahim Shiuree resigned as Visit Maldives Managing Director on Monday for undisclosed reasons.
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.
Yazmeed Mohamed Assumes Office as Pension Office CEO
Yazmeed Mohamed becomes Pension Office CEO, prioritising fund security, sustainability, modernisation and public trust.
President Ratifies Amendment Empowering MMA to Establish National Payment Switch
President ratifies amendment empowering MMA to establish and designate the national payment switch system.
President Ratifies Amendments to URA Act and Waste Management Act
President ratifies URA and Waste Management Act amendments, creating a new Environmental Regulatory Authority.
Maldives to Build First Deep-Sea Underwater Water Plant by Mid-2027
Maldives partners with Norway's FLOCEAN to build first deep-sea desalination plant by 2027.
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.