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President Muizzu congratulates Lula on re-election as Brazil’s president
President Dr Mohamed Muizzu has congratulated Brazilian President Luiz InĂĄcio Lula da Silva on securing a historic fourth presidential term, extending his best wishes as the South American nation prepares…
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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…
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,…
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 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…
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…
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…