Justice Closing in on Medical Mafia: Joint Investigation Launched Into COVID-19 PCR Fraud by Dr. Ali Latheef, Ibrahim Saleem & Dr. Milza
In a significant move against alleged corruption within the healthcare sector, the Prosecutor General's Office has directed the Anti-Corruption Commission (ACC) and the Maldives Police Service to launch a joint…
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Recent News
India eyes new era of drone warfare as US interceptor technology enters local production
US-origin counter-drone technology is entering Indiaās defence manufacturing ecosystem as the Indian military accelerates efforts to acquire systems capable of physically intercepting hostile drones. Indiaās Paras Defence & Space Technologies…
BML reaffirms customer data protection after purported government letter circulates
Bank of Maldives (BML) has reaffirmed that customers' banking information is protected by law and will only be disclosed when the bank is legally required to do so, following the…
Five-time champions WAMCO make winning start to Association Cup
Defending champions Club WAMCO have made a winning start to their Women's Association Cup campaign, defeating Club MTCC in straight sets in their opening match of the tournament. WAMCO secured…
MTDC records USD 2 million profit, approves 50 Laari dividend
Maldives Tourism Development Corporation (MTDC) shareholders have approved a dividend of MVR 0.50 per share following a year in which the company recorded growth in its net profit. The dividend…
MWSC senior management holds talks with Dhuvaafaru Council
Maldives Water and Sewerage Company (MWSC) Managing Director Hussain Fahmy and members of the company's senior management have met with R. Dhuvaafaru Council to discuss ongoing utility initiatives and potential…
STELCO celebrates engineers as backbone of its operations on National Engineers’ Day
State Electric Company Limited (STELCO) has recognised its engineers for their contribution to the company's operations and the country's development as part of its National Engineers' Day celebrations. A special…
Ameenee Magu Segment 1 enters final stretch as MTCC begins ABC laying
The Maldives Transport and Contracting Company (MTCC) has commenced Aggregate Base Course (ABC) laying on Segment 1 of Ameenee Magu, marking another major milestone in the ongoing road rehabilitation project.…
Police bust alleged illegal dollar network, six expatriates detained over MVR 54 million, USD 1.6 million
Six expatriates have been detained in a major crackdown on illegal foreign currency trading after authorities traced more than MVR 54.4 million and USD 1.62 million through their bank accounts…
President Muizzuās Cabinet takes first step towards oil and gas exploration
The Maldives has officially begun work towards establishing a dedicated legal framework for the exploration and extraction of oil, gas, minerals and other non-living natural resources within the country's maritime…
President Muizzu assures resorts can pay loans, salaries despite 40% FX rule
President Dr. Mohamed Muizzu has assured resort operators that the new requirement to convert 40 percent of monthly gross sales through the domestic banking system will not affect salaries, loan…
President ratifies Fisheries Act amendments with tougher penalties for protected species
President Dr Mohamed Muizzu has ratified amendments to the Fisheries Act, introducing tougher penalties for catching and exporting protected species while giving the government greater flexibility to permit additional types…
President calls 40 percent resort conversion requirement a national responsibility
President Dr Mohamed Muizzu has defended the government's decision to require Category A tourism establishments to convert 40 percent of their monthly foreign currency revenue, saying studies conducted before the…
New foreign currency rules take effect September 1 with tougher penalties for black market trading
New foreign currency rules will come into force on September 1, introducing revised dollar conversion requirements for tourism and other businesses while imposing significantly tougher penalties for selling foreign currency…
Maldives doubles withholding tax on foreign contractors to 10 percent
President Dr Mohamed Muizzu has ratified amendments to the Income Tax Act increasing the withholding tax imposed on payments to non-resident contractors carrying out construction projects in the Maldives from…
President ratifies new law governing leases of uninhabited islands and lagoons
President Dr Mohamed Muizzu has ratified legislation establishing a new framework for the allocation and leasing of uninhabited islands and standalone lagoons in the Maldives, including revised rental rates based…
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