Parliament Committee Approves Harsher Penalties for Tax Offences
Parliament committee approves amendment increasing prison sentences and penalties for various tax offences.
Section
Government
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.
Minister Zareer Says Debt Repayments Have Strengthened Maldives’ Investor Appeal
Minister Zareer says continued debt repayments boost investor confidence, attracting interest in major Maldives investments.
Yazmeed Mohamed Appointed as New CEO of Pension Office
Yazmeed Mohamed appointed new CEO of Maldives Pension Office for five-year term from 2026.
Media Face Up to MVR 500,000 Fine for Black Market Rate Reports
Maldives committee approves fining media up to MVR 500,000 for reporting black-market currency rates.
Gov’t to Streamline SOE Workforces Through Redundancy Scheme
Government restructures SOE workforces via redundancy scheme, offering compensation and business financing for affected employees.
ICOM Launches Five-Year Plan to Strengthen Transparency and Access to Information
ICOM launches five-year strategic plan to strengthen transparency and access to public information nationwide.
Central Bank Targets 80 Per Cent Maldivian Representation in Senior Banking Roles
Maldives central bank targets over 80 per cent Maldivian representation in senior banking roles.
ARISE Phase 3 Begins with Eydhafushi Solar Grid Connection
Eydhafushi's new 1.2MW solar grid under ARISE cuts diesel use and boosts renewable energy.
Withholding Tax on Foreign Contractors Set to Double Under Gov’t Proposal
Maldives government proposes doubling withholding tax on foreign contractors from five to 10 per cent.
ESCAP Workshop Examines Data-Driven Social Protection Policy in Maldives
Maldives reviews social protection gaps using census data at ESCAP workshop, producing evidence-based policy recommendations.
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.
President Nominates Jameela Ali Khalid as High Commissioner to UK
President Muizzu nominates senior diplomat Jameela Ali Khalid as Maldives' UK High Commissioner.
Maldives to Integrate Thilafushi Port Operations with ‘Maldives 2.0’ Digital System
Maldives to relocate main port to Thilafushi, integrating operations with 'Maldives 2.0' digital system.
MMA Invites Public Feedback on Two Insurance Regulations
MMA opens two draft insurance regulations under the Insurance Act for public feedback until August.