News In Brief
March 9

Money printing, MDP protest and home invasion

News in brief from Sunday, March 9.

Former president Nasheed urged the government to reconsider the central bank’s alleged "highly irregular" scheme to print MVR 14 billion (US$907 million) for purchasing real estate, calling it "monetisation in disguise," and warning of currency devaluation and high inflation. The new money supply “will be used to artificially inflate the government’s revenue to keep up with his unproductive, and deeply irresponsible fiscal expenditures,” the opposition MDP’s chairman alleged.

Police cracked down on the MDP’s nightly protests, arresting two people and using pepper spray to disperse the crowd.

Four men were arrested  for threatening a homeowner in Malé and damaging his property. Videos on social media showed a shirtless man being held down and tortured with a lit cigarette and staple gun.

The Anti-Corruption Commission re-launched an investigation into IGMH's awarding of Covid-19 test reagent contracts to a company with ties to procurement chair Dr Ali Abdullah Latheef.

STELCO urged the public to reduce electricity consumption during Ramadan peak hours, noting high usage between 1pm to 5pm and from 7pm to midnight.

Former president Gayoom penned an op-ed arguing against claims that Islam prohibits women from becoming judges. A former chief justice concurred.

Seven political parties signed a cross-party statement to ensure safety and equal opportunities for women in politics through an initiative by the Westminster Foundation for Democracy, committing to establish anonymous reporting mechanisms and accountability systems, and to pursue policies promoting equal political opportunities for women.

Local telco Ooredoo approved a dividend payout of MVR 3.43 per share after posting a profit of MVR 648 million in 2024.

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