The Maldivian government has raised transfers to local councils by 15.8 percent, according to the Finance Ministry’s latest weekly fiscal report, in…
The People’s Majlis (Maldives Parliament) passed the government’s amendments to the Foreign Currency Act on Wednesday. Members voted 47 in favor and…
The Maldives Monetary Authority has opened investigations into money changers after finding that businesses earning large sums in foreign currency are moving…
Maldivian government spending on grants and subsidies has climbed to USD 524 million so far this year, a 44 percent increase on…
The Parliamentary Public Accounts Committee has approved sweeping Foreign Exchange Act amendments that criminalize the sale and advertising of US dollars at…
The Maldives Monetary Authority (MMA) has announced plans to amend the Foreign Exchange Rules, requiring resorts to exchange 20 percent of their…
More than USD 194,000 has been channeled into the Waqf Fund since the beginning of the year, as online contribution mechanisms expand…
The Bank of Maldives (BML) on Tuesday revealed it has implemented a new structural design. According to the bank, this new design…
The total amount of uncollected state revenue in taxes, rent, and fees increases reaching MVR 14.5 billion. According to the Maldives Inland…
The Ministry of Finance has set MVR 2.5 billion for next year’s Council Block Grant. Block grants were first issued to councils…