Politics
President Muizzuâs 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…
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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…
President Muizzu unmoved by opposition challenges, says public pledges come first
President Dr Mohamed Muizzu has dismissed political rhetoric surrounding the next presidential election, saying his attention remains firmly on delivering…
President Muizzu: Every forex reform is based on facts, research and consultation
President Dr Mohamed Muizzu has defended his administrationâs foreign exchange reforms, saying the measures are based on extensive research, technical…
Parliament passes 40% resort dollar conversion rule, tightens penalties on black market trading
The Peopleâs Majlis has passed major amendments to the Foreign Exchange Act, requiring resorts to convert 40% of their foreign…
MMA wants salaries and domestic transactions shifted to Rufiyaa by 2030
The Maldives Monetary Authority (MMA) aims to make the Maldivian Rufiyaa the primary currency for domestic financial transactions by 2030,…
No one will be spared: Ihusaan warns resort chains and political figures over black market dollars
Minister of Homeland Security and Technology Ali Ihusaan has revealed that resort chains, construction companies and political figures are among…