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Yameen urges resorts to oppose 40% forex conversion requirement

Yameen said resorts have expenses that must be settled in foreign currency, including repayments on overseas loans taken to finance resort development.

Yameen urges resorts to oppose 40% forex conversion requirement

Yameen urges resorts to oppose 40% forex conversion requirement

Immigration extends passport validity amid booklet shortage

Immigration extends passport validity amid booklet shortage

Eesha's passport impounded again in documentary probe

Eesha's passport impounded again in documentary probe

MDP MPs meet MMA governor over dollar shortage

MDP MPs meet MMA governor over dollar shortage

PG office asked to charge Thinadhoo mayor over population data

PG office asked to charge Thinadhoo mayor over population data

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Featured

Featured

Criminal Court sentences man to death for Maavah murder

Moosa Ibrahim, 29, of Nalahiya, L. Maavah, died following an altercation on the island on 28 July 2025. He was pronounced dead on arrival at hospital.

MDP raises concern over lack of public consultation in parliament

DP MPs accused the ruling majority of moving government bills through Parliament without consulting stakeholders or allowing the opposition enough time.

Banks, customs sign MoU to verify TTs for imports

The arrangement is intended to allow authorities to cross-check funds transferred overseas through TTs against details of goods entering the Maldives.

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News

News

Immigration extends passport validity amid booklet shortage

The agency said the shortage resulted from technical problems with printing machinery at the German company that supplies Maldivian passports.

Eesha's passport impounded again in documentary probe

Police began a criminal investigation following the publication of the documentary in late March, which contained allegations concerning President Muizzu.

PG office asked to charge Thinadhoo mayor over population data

Saud had previously been summoned by police as part of an investigation into allegations that false population information was provided.

MDP raises concern over lack of public consultation in parliament

DP MPs accused the ruling majority of moving government bills through Parliament without consulting stakeholders or allowing the opposition enough time.

Criminal Court sentences man to death for Maavah murder

Moosa Ibrahim, 29, of Nalahiya, L. Maavah, died following an altercation on the island on 28 July 2025. He was pronounced dead on arrival at hospital.

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Popular

Parliament passes 40% dollar conversion requirement for resorts

Resorts will be required to convert 40% of their foreign currency revenue for each month through a bank by the 28th of the following month.

President’s tourism advisor Khaleel resigns over forex policy

GST changes could affect local agents and arrivals: MATATO

Bill giving cabinet power to reclaim council land passed

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

American arrested after ammunition found in luggage

Maldives makes bank deposits mandatory for expatriate salaries

Business

Business

Yameen urges resorts to oppose 40% forex conversion requirement

Yameen said resorts have expenses that must be settled in foreign currency, including repayments on overseas loans taken to finance resort development.

MDP MPs meet MMA governor over dollar shortage

The MPs also called on the MMA to ensure businesses have access to foreign currency through the banking system without discrimination.

Banks, customs sign MoU to verify TTs for imports

The arrangement is intended to allow authorities to cross-check funds transferred overseas through TTs against details of goods entering the Maldives.

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.