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Black market dollar sellers could face MVR 1 million fines under new law
Individuals caught buying or selling US dollars and other foreign currencies outside the official exchange rate could face fines of…
MLE Sea-to-Air Cargo Grows 6% in First Seven Months of 2026
Velana International Airport (MLE) has recorded a 6 percent increase in sea-to-air transshipment cargo during the first seven months of…
State Revenue Up 10.9% in First Seven Months of 2026
State revenue and grants increased by 10.9 percent to MVR 24.1 billion as of July 23, 2026, according to the…
Dollar blackmarket crackdown: MMA revokes Express Money Exchange licence
The Maldives Monetary Authority (MMA) has revoked the money-changing licence of Express Money Exchange Private Limited after regulatory supervision found…
Sri Lanka tops the world in positive views of India, Pew survey finds
Sri Lanka has emerged as the country with the most favourable view of India, while Pakistan sits at the opposite…
Parliament passes 40% resort dollar conversion rule, tightens penalties on black market trading
The People’s Majlis has passed major amendments to the Foreign Exchange Act, requiring resorts to convert 40% of their foreign…
Maldives’ future will be shaped by its youth: President
President Dr. Mohamed Muizzu has described young Maldivians as one of the country's greatest strengths, pledging that his administration will…
Minister Shiyam says MDP’s past failures continue to burden Maldives’ economy
Minister of Fisheries and Ocean Resources Ahmed Shiyam has accused the opposition Maldivian Democratic Party (MDP) of failing to address…