MP Fayyaz Ismail

Import duty hiked for cigarettes and energy drinks

The price of a pack of cigarettes has shot up from MVR48 (US$3.11) to about MVR75 (US$5) after the import duty hike from MVR1.25 to MVR2 per cigarette came into effect. The price of a single cigarette is up from MVR2.50 to about MVR4.

New 25-storey office complex relocated to Hulhumalé

After demolishing its old building in Malé and clearing out the site, the finance ministry has changed the location of its new 25-storey office complex from the capital to its suburb Hulhumalé.

President faces cross-party backlash over hike in food prices

Yameen said he had no choice but to hike food prices following a backlash from within his own party. The opposition has meanwhile accused him of mismanaging the economy

Parliament rejects bills proposed by opposition MPs

The parliament has rejected two pieces of legislation submitted by main opposition Maldivian Democratic Party (MDP) MPs on imposing price controls for staple foodstuffs and dissolving inactive companies.

Detention drove home immensity of President Nasheed’s “sacrifice,” says MDP MP Fayyaz

MP Fayyaz Ismail released