The engineering void: blunders of a leaderless era

Foreign Exchange Amendment Criminalizes Dollar Sales Above Official Rate

Under the new amendments to the Foreign Exchange Act, selling US dollars at rates exceeding the official Maldives Monetary Authority (MMA) exchange rate has been criminalized, carrying heavy financial penalties. Additionally, the legislation mandates tourism businesses to exchange a specific percentage of their foreign currency earnings through local banks, with these regulatory changes set to take effect on September 1, 2026.

President Muizzu ratifies seven bills passed by Parliament

President Muizzu has ratified legislative amendments mandating resorts to exchange 40 percent of their foreign currency earnings through local banks and prohibiting the sale of dollars above the official exchange rate, as well as any public discourse regarding such transactions.

Land Transport Act Establishes Greater Malé Transport and Mobility Office

President Falsely Claims to Have Kept Pledge of Regular Press Briefings

Resorts will face no difficulties in converting 40 percent of their foreign exchange earnings; that is a certainty: President

Environment Ministry alerted over chemical and cement wastewater discharge into Thinadhoo wetland!

State deficit hits MVR 950m as spending surges past MVR 28bn

Maldives recorded MVR 27.1 billion in revenue, primarily from tax collections, while recurrent costs reached MVR 24.5 billion. Capital spending on infrastructure totaled MVR 3.6 billion, a 30 percent decrease from the previous year. Domestic borrowing through state securities reached MVR 99 billion, led by local currency Treasury Bills

World Record Freediver Hanli Prinsloo to return to the Maldives

World record holder Hanli Prinsloo will host two freediving retreats this September at Minor Hotels in the Baa Atoll. The programs at Avani+ Fares and NH Collection Havodda feature family workshops and advanced training focused on ocean conservation. Activities include coral replanting and manta ray excursions to promote marine awareness

14th Maldives Living Expo kicks off at Hulhumalé Central Park

Global bidders invited to shape 15 new island resorts, unveiling halal tourism opportunities across Maldives

Raya Airways launches first dedicated cargo line connecting Malaysia and Maldives

Billionaires can now buy a USD 450m untouched Maldives lagoon for an unbuilt doomsday fortress

SAFF U-17 Championship cancelled due to financial constraints

The South Asian Football Federation (SAFF) has decided to cancel this year's SAFF U-17 Championship due to financial constraints and a transition in its marketing partnership. This decision deprives regional youth teams of a crucial competitive platform ahead of the AFC qualifiers, though SAFF has since signed a new agreement with a Bangladeshi firm in an effort to stabilize its financial position.

Stunning comeback victory propels Maziya toward Cup Winners' Cup title match

Maziya Sports and Recreation defeated Buru Sports Club 2-1 at Galolhu National Stadium after recovering from a one-goal deficit. Strikes from Ibrahim Aisam and Benjamin Thomas Koukou secured the win, keeping Maziya atop the table with six points. They are now on the verge of qualifying for the Cup Winners Cup final

Dori’s stunner leads New Radiant to five-goal demolition of Buru

Maziya edges Odi Sports Club in cup opener

One&Only Reethi Rah successfully defends its title at LACNOR Resort Volleyball Championship 2026

Cup Winners' Cup Kicks Off Monday with New Radiant vs Buru