BML Signals Major Easing of Dollar Limits Later This Month, Says President

President Dr. Mohamed Muizzu has indicated that Bank of Maldives (BML) is expected to significantly relax its foreign currency spending restrictions later this month, offering potential relief to customers affected by current dollar limits. Speaking during a press briefing at the President’s Office, President Muizzu said BML had informed his administration that a substantial easing…

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Salim Elected Deputy Speaker of Parliament

Eydhafushi MP Ahmed Saleem, widely known as “Redwave Saleem,” has been elected as the new Deputy Speaker of the People’s Majlis following a parliamentary vote held on Monday. The position became vacant after former Deputy Speaker Ahmed Nazim resigned shortly before lawmakers were due to debate and vote on a no-confidence motion filed against him…

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Government Considers Cutting Cigarette Duty Following WHO Recommendation

The government has begun reviewing a proposal to reduce cigarette import duties after a recommendation from the World Health Organization (WHO), a move that could eventually lower cigarette prices across the Maldives. Speaking at a press conference held at the President’s Office to mark World No Tobacco Day, Minister of Homeland Security and Technology Ali…

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Nazim Steps Down as Deputy Speaker Ahead of No-Confidence Vote

Ahmed Nazim, the parliamentary representative for Dhiggaru constituency, has resigned from his position as Deputy Speaker of the People’s Majlis shortly before lawmakers were set to debate a motion seeking his removal. His resignation was submitted minutes before today’s parliamentary sitting, where members were scheduled to consider a no-confidence motion filed by the ruling People’s…

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