Finance Minister Warns SOEs Over Black Market USD Trades
Finance Minister Hassan Zareer warns state-owned enterprises of strict action if found engaging in illegal black market dollar transactions.
Parliament Doubles Withholding Tax for Foreign Contractors
The Maldives Parliament has unanimously approved a bill to double the withholding tax on foreign contractors to 10%, targeting MVR 251M in revenue.
Prison Commissioner Assures Housing for Corrections Staff
Commissioner Hassan Zareer confirms housing eligibility and salary increases for Maldives Correctional Services staff during its 55th anniversary.
ADB Grants $50M Loan for Maldives Fuel Imports
The Maldives secures a $50 million concessional loan from the ADB to offset rising global fuel costs and support national debt sustainability.
LGA Board Election Candidate Numbers Finalized
The Local Government Authority has finalized candidate numbers for its board elections scheduled for August 8, featuring PNC and MDP representatives.
Parliament Approves Fathimath Ameeza as Tax Commissioner
The People’s Majlis has unanimously approved Fathimath Ameeza as the new Commissioner General of Taxation for MIRA.
Applications Open for LGA Board Vacancies
The President’s Office invites applications for three vacancies on the Local Government Authority board, with a submission deadline of July 29, 2026.
Maldives Releases MVR 1.25 Billion in Council Block Grants
The Ministry of Finance has released MVR 1.25 billion in council block grants, a 16.8% increase over last year, marking a historic fiscal allocation.
