The Attorney General of the Maldives, Uz Ahmed Usham, has said that the government has no intention, for the present,…
A number of businesses have raised concerns over the difficulties arising from prolonged delays in the processing of telegraphic transfers…
The Maldives Monetary Authority (MMA) has appealed to all parties to comply with the Foreign Exchange Act, having noted that…
Britain’s largest travel association, ABTA Limited, asked the Maldives to suspend a new tax on foreign sellers of Maldives holidays…
The Maldivian government has raised transfers to local councils by 15.8 percent, according to the Finance Ministry’s latest weekly fiscal…
The People’s Majlis (Maldives Parliament) passed the government’s amendments to the Foreign Currency Act on Wednesday. Members voted 47 in…
The Maldives Monetary Authority has opened investigations into money changers after finding that businesses earning large sums in foreign currency…
Maldivian government spending on grants and subsidies has climbed to USD 524 million so far this year, a 44 percent…
The Parliamentary Public Accounts Committee has approved sweeping Foreign Exchange Act amendments that criminalize the sale and advertising of US…
The Maldives Monetary Authority (MMA) has announced plans to amend the Foreign Exchange Rules, requiring resorts to exchange 20 percent…