The central bank addressed the severe US dollar shortage in a 12-page statement, announcing open market operations to mop up an excess of MVR 7 billion (US$ 453 million) in circulation. Rufiyaa liquidity was up 178 percent from early 2020 after the previous administration printed money and converted short-term liabilities into long-term debt to manage the Covid-19 economic crisis.
The Coast Guard rescued four crew members at sea after a supply boat capsized near Haa Dhaal Kumundhoo. A 66-year-old man in critical condition was provided CPR and taken to Kulhudhuffushi. But he passed away while undergoing treatment at the regional hospital.
The Islamic minister opposed the state-owned Hajj Corporation's controversial plans to develop a hotel in Maafushi, criticising the lack of consultation with the ministry and questioning the project's feasibility. Three members of the corporation's management team were meanwhile revealed as the shareholders of a private venture set up in October 2024.
A masseur convicted of sexually assaulting a famous singer at a Thai massage parlour was misidentified by the Daily Mail as a Maldivian, according to Immigration, which said there was no record of a citizen named Sundaralingam Koodaling.
Waivers of resort rent and tax concessions encouraged non-compliance, the tax authority's 2023 audit concluded, flagging MVR 5.9 billion owed as unpaid rent and related penalties by the end of year, which accounted for 45 percent of uncollected state revenue.
RDC was contracted to build roads on 11 islands.
The MDP national council decided to postpone the party's congress to mid-2026. It was originally scheduled for August 15.
The civil court ordered the state to pay MVR 1.1 million as compensation to the Islamic ministry's former permanent secretary over wrongful termination.
The Housing Development Finance Corporation announced two new financing products for home renovation, furniture purchases or developing a holiday home.
Ensis Fisheries confirmed talks to sell its shuttered Hulhumalé factory to the state-owned MIFCO.
