No Concessions on Dollar Marking; Rules Strengthened by Law: Central Bank Governor
Malé, Maldives — Central Bank Governor Ahmed Munawwar affirmed today that there will be no concessions on the requirement for banks to market dollars received by resorts and guest houses, stating that the existing rules will now be strengthened by law. The Maldives Monetary Authority (MMA) recently opened public comments on the proposed Foreign Exchange […]
Governor Defends Dollar Rules, Introduces New Measures for Non-Tourism Sector
Malé, Maldives — Central Bank Governor Ahmed Munawwar reiterated the government’s unwavering stance on dollar-marking rules today, emphasizing that existing regulations will now be reinforced through the proposed Foreign Exchange Bill. This includes measures to ensure fairness by including high-earning non-tourism entities in the framework. The bill, now open for public comment, has stirred debates […]
Bandos Maldives hosts Annual blood Donor Camp 2024
In a remarkable display of commitment to community health, Bandos Maldives successfully organized its Annual Blood Donor Camp on November 25th, 2024. This event has become a cornerstone of the resort’s Corporate Social Responsibility (CSR) initiatives, emphasizing the resort’s dedication to giving back to the local community. This year, 45 enthusiastic Bandos associates participated, demonstrating […]
Draft Foreign Exchange Bill Opened for Public Opinion
The Maldives Monetary Authority (MMA) has unveiled a forward-looking Foreign Exchange Bill, introducing structured measures aimed at enhancing financial stability and promoting transparency within the country’s vital tourism sector. This progressive step reflects the government’s commitment to modernizing foreign exchange management while addressing industry-specific concerns. Key Highlights of the Bill The proposed legislation introduces a […]
Deadline Extended for Maldives Tourism Awards 2024 Applications
The Ministry of Tourism has announced an extension for the submission deadline for the prestigious Maldives Tourism Awards 2024. This decision aims to provide more opportunities for eligible candidates to participate in recognizing excellence in the Maldives’ tourism sector. New Deadline:Interested parties can now submit their applications until 13:00 hrs. on Thursday, 28th November 2024. […]
Maldives Clinches Prestigious World Tourism Awards, Setting New Benchmarks in Sustainability and Excellence
The Maldives has once again cemented its position as a global tourism leader, earning the World’s Leading Destination award for the fifth consecutive year, alongside the esteemed title of World’s Leading Green Destination. These accolades underscore the nation’s unwavering commitment to excellence and sustainability in its tourism sector. Accepting the awards on behalf of the […]
President Dr. Mohamed Muizzu: Driving Economic Reform and Sustainable Progress in the Maldives
Since taking office on November 17, 2023, President Dr. Mohamed Muizzu has initiated transformative changes aimed at revitalizing the Maldivian economy and ensuring a prosperous future for its citizens. As the 8th President of the Republic, his strategic economic reforms have positioned the Maldives as a resilient and innovative player in the global arena. Revolutionizing […]
Sun Siyam Olhuveli Unveils 40 Newly Built grand Beach Suites with Private pools on dream Island
Male, Maldives, November 24th, 2024: Sun Siyam Olhuveli Maldives proudly unveils its 40 newly constructed Grand Beach Suites with Private Pools, located on the exclusive Dream Island. These luxurious 101 sqm suites blend contemporary elegance with Maldivian charm, offering a perfect retreat surrounded by lush gardens and turquoise waters. Nestled along the pristine shores of […]