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MMA moves to scrap USD 500-per-tourist exchange option for resorts
Resorts in the Maldives will be required to exchange 20 percent of their monthly revenue through the banking system under proposed changes to the country's foreign currency framework, removing the…
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MMA increases weekly dollar allocation to banks by 51%
The Maldives Monetary Authority (MMA) has increased its weekly US dollar allocation to commercial banks by 51 percent, in a…
Maldives aims to conclude free trade agreement with India by end of 2026
The Maldives expects to conclude a Free Trade Agreement (FTA) with India before the end of this year, Minister of…
Investing in STELCO employees is an investment in national development: Azwar
State Electric Company Limited (STELCO) has enrolled 76 employees in technical and vocational programmes conducted in partnership with Maldives Polytechnic,…
BML sells USD 2.7 million on average each day
Bank of Maldives (BML) is supplying an average of USD 2.7 million per day to individuals and businesses for card…
MDP-era health project failures cost state over MVR 60 million: Minister Geela
More than MVR 60 million in advance payments had already been disbursed for 16 health infrastructure projects that were later…
President reaffirms Maldives’ commitment to SAARC as Secretary-General pays farewell call
President Dr. Mohamed Muizzu has reaffirmed the Maldives' commitment to strengthening the South Asian Association for Regional Cooperation (SAARC), as…