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Sri Lanka showcases Port City Colombo opportunities in Maldives

Port City Colombo's investment proposition was well-received in the context of the Maldivian market's unique characteristics.

Nasheed warns of hyperinflation as food prices, ferry fares rise

Nasheed rejected claims that concerns over rising prices were based on rumours or speculation, saying the changes could be seen in the prices paid by consumers.

Forex bill removing $500 per tourist option set for 1-day review

Under the existing law, resorts can either convert $500 for each tourist arrival recorded during the month or convert 20 per cent of their revenue.

MDP calls for dollar rate to fall to MVR 19 in 10 days

The official exchange rate remains MVR 15.42 per US dollar, while the rate in the parallel market has risen above MVR 22 in recent days.

Bill seeks to empower MMA to establish national payment switch

MMA would be authorised to designate a system within the National Payment System to operate as the National Payment Switch.

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$2B in tourism revenue didn't enter Maldives banks in 2025: MMA

Statistics shared by the central bank with the media on Tuesday show that tourism businesses generated USD 5.7 billion in revenue last year.

MMA increases weekly dollar allocations to banks by 51%

The central bank said on Tuesday that the increase will take effect this week and continue for the next three weeks.

MTDC exploring new route for Maguhdhuvaa lease deal, source says

According to information previously reported, MTDC had sought to sell the head lease for USD 1.5 million.

ADB approves $50 million emergency loan for Maldives fuel imports

The ADB financing follows assistance provided by the World Bank in May, when USD 40 million was reallocated from existing projects to support fuel imports.

Nasheed calls for govt-MDP talks before hyperinflation

Minister Saeed said on Monday that headlines published by some media outlets were contributing to daily increases in the dollar rate on the parallel market.

Govt submits bill to end $500-per-tourist forex option

If the bill is passed, resorts will be required to convert 20 per cent of their total monthly foreign currency revenue.

MMA to scrap $500 forex option; requires 20% revenue conversion

Resorts would also be required to use Point of Sale (POS) terminals that route payments into accounts maintained with banks in the Maldives.

No payments owed to fishermen after MVR 250M settlement: Shiyam

Responding to the question in Parliament, Shiyam said MVR 250 million remained unpaid when the previous administration left office.