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President says forex measures based on research, consultation

Parliament on Wednesday passed amendments to the Foreign Exchange Act requiring resorts to convert 40% of their monthly foreign currency revenue.

President says forex measures based on research, consultation

President says forex measures based on research, consultation

President’s tourism advisor Khaleel resigns over forex policy

President’s tourism advisor Khaleel resigns over forex policy

GST changes could affect local agents and arrivals: MATATO

GST changes could affect local agents and arrivals: MATATO

Bill giving cabinet power to reclaim council land passed

Bill giving cabinet power to reclaim council land passed

Parliament passes ban on publishing black-market forex rates

Parliament passes ban on publishing black-market forex rates

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Featured

Featured

MDP accuses govt of wasting foreign currency revenue

Ameer called on the government to reduce expenditure before imposing further foreign exchange requirements on individuals and businesses.

Parliament approves Abdul Aziz for as Information Commissioner

Abdul Aziz previously served as the first Information Commissioner following the establishment of the Information Commissioner’s Office (ICOM).

Parliament passes MVR 1M fine for forex sales above MMA rates

The bill also introduces provisions governing foreign currency transactions outside rates authorised by the central bank.

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News

News

TEAM says tourism workers shouldn't bear cost of dollar crisis

Parliament on Wednesday passed amendments to the Foreign Exchange Act introducing the 40% requirement.

Bill giving cabinet power to reclaim council land passed

Government must provide compensation before taking resources or immovable assets where a council has made an investment.

Parliament passes transport bill with 20-year limit for vehicles

It requires a National Land Transport Strategy to be formulated within six months of the law taking effect.

Parliament passes prison terms and higher fines for tax offences

Submitting false declarations, withholding information and carrying out other acts intended to evade tax obligations will fall within the provisions.

Parliament approves Abdul Aziz for as Information Commissioner

Abdul Aziz previously served as the first Information Commissioner following the establishment of the Information Commissioner’s Office (ICOM).

Popular

Popular

Maldives to require resorts to exchange 40% of dollar revenue

The government also plans to shorten the period within which the required foreign currency must be exchanged.

Parliament passes 40% dollar conversion requirement for resorts

MMA targets end to dollar salaries by 2030

Foreign banks transferred $200M abroad in 5 years: Governor

Resort owners accused of keeping dollar rate high at PO meeting

Shiuree resigns as Visit Maldives Managing Director

Selling salary dollars on black market is an offence: Ihusaan

Business

Business

President says forex measures based on research, consultation

Parliament on Wednesday passed amendments to the Foreign Exchange Act requiring resorts to convert 40% of their monthly foreign currency revenue.

President’s tourism advisor Khaleel resigns over forex policy

Parliament passed amendments to the Foreign Exchange Act requiring resorts to convert 40% of their foreign currency revenue through local banks.

GST changes could affect local agents and arrivals: MATATO

The association said MIRA had not conducted sufficient consultation with tourism industry stakeholders before the changes were introduced.

Parliament passes ban on publishing black-market forex rates

The provision would apply to media reporting where publication falls within the activities defined under the Act.

Parliament passes MVR 1M fine for forex sales above MMA rates

The bill also introduces provisions governing foreign currency transactions outside rates authorised by the central bank.