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Why Rufiyaa is falling as black market dollar rate crosses MVR 22

The black market rate has been increasing by about 20 to 30 laari on some days, prompting debate over the factors behind the movement.

Why Rufiyaa is falling as black market dollar rate crosses MVR 22

Why Rufiyaa is falling as black market dollar rate crosses MVR 22

Rahaa, South Palm resorts named for failing to exchange dollars

Rahaa, South Palm resorts named for failing to exchange dollars

MMA reports low dollar exchange compliance among guesthouses

MMA reports low dollar exchange compliance among guesthouses

'Banning reports on black market dollar rates won't lower prices'

'Banning reports on black market dollar rates won't lower prices'

'Evidence insufficient to prove youth sold child abuse material'

'Evidence insufficient to prove youth sold child abuse material'

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Featured

Featured

Bill doubling non-resident withholding tax passed

The amendment seeks to bring the withholding tax paid by non-resident contractors to 10% and establish the amount as their final tax liability.

Parliament passes bill to levy GST on foreign booking platforms

The government expects the measure to generate about MVR 1.6 billion in state revenue each year.

TM urges to reject Abdul Aziz as Information Commissioner

Transparency Maldives said the Right to Information (RTI) Act was not fully implemented during Abdul Aziz’s tenure.

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News

News

Areesh appointed Under Secretary at President’s Office

Areesh’s appointment comes as former Attorney General Azima Shakoor was also appointed Principal Secretary to the President on Sunday.

TM urges to reject Abdul Aziz as Information Commissioner

Transparency Maldives said the Right to Information (RTI) Act was not fully implemented during Abdul Aziz’s tenure.

'Evidence insufficient to prove youth sold child abuse material'

The statement was issued after the PG Office withdrew two charges filed against Adam Adhlan Latheef, of Moonimaage, Th. Vilufushi.

President ratifies amendment expanding URA board to 7 members

Under Section 6 of the previous law, the URA board consisted of five members, including a Chairperson appointed from among the members.

Bulk plastic bag packs exempted from bag fee

The Waste Management Act, introduced during the previous administration, imposed a fee of MVR 2 on each plastic bag.

Popular

Popular

MMA revokes Express Money Exchange licence over violations

According to the MMA, Express Money Exchange was found to have breached regulations applicable to money exchange operations.

Car overturns on bridge highway, damages solar panels

Volleyball player Fazil arrested in Keyodhoo drug investigation

Driver’s licence suspended following bridge highway crash

Ministry begins verification of 58,505 land and flat applications

Bridge segment connecting Malé and Vilimalé completed

2 arrested over MVR 92,000 Telegram scam

Business

Business

Yazmeed pledges secure, sustainable management of pension fund

Yazmeed said he would work to develop the Pension Office into an institution that uses modern systems and approaches while maintaining public trust.

MMA reports low dollar exchange compliance among guesthouses

The MMA also reported a decline in the submission of sales reports by businesses in the category.

Rahaa, South Palm resorts named for failing to exchange dollars

Rahaa Resort is operated by former Deputy Speaker of Parliament Reeko Moosa Manik, while South Palm Resort is operated by two Maldivian businessmen.

Why Rufiyaa is falling as black market dollar rate crosses MVR 22

The black market rate has been increasing by about 20 to 30 laari on some days, prompting debate over the factors behind the movement.

Pres ratifies amendment allowing MMA to establish payment switch

Under the amended law, the MMA may designate a system within the national payment framework as the National Payment Switch.