Sri Lanka requests Maldives to ease restrictions on sending remittances

Jun 9, 2024, 5:38 AM
Sri Lanka requests Maldives to ease restrictions on sending remittances

The Sri Lankan government has requested Maldives to ease restrictions and revisit the limit imposed on foreign remittances sent by migrant workers.

There is a strong Sri Lankan expatriate community working in the Maldives, mainly in the hospitality and education sectors.

However, banks limit the amount of dollars that can be sent as remittances per month. Different banks have set different limits, ranging from USD 250 to USD 300.

“I also requested the Maldives side to consider to revisit the current limit imposed on outward foreign currency remittances for the benefit of Sri Lankan migrant workers in Maldives,” Economy Next quoted Sri Lanka’s Foreign Minister Ali Sabry.

Between 15,000 and 20,000 Sri Lankans work in Maldives.

Maldives Foreign Minister Moosa Zameer paid an official visit to Sri Lanka last week. During the visit, the two countries held talks on various topics, including the issue of remittances.

Maldives requested to facilitate permanent residency visas for the elderly Maldivians who wish to reside in Sri Lanka.

The discussions also included issuing an on-arrival 90-day visa to Maldivians. According to the Maldives government, Sri Lanka has agreed to facilitate the visa.

Comments

Read More

Latest News

Mental health centre opened in Kulhudhuffushi

Kulhudhuffushi City has opened "Manas Hub," a new mental health center launched by the City Council and the Australian High Commissioner. The facility aims to reduce social stigma and provide accessible support, treatment, and early intervention. This milestone marks a major step in strengthening community-based mental health services.

Audit reveals millions in losses over project given to POLCO

An audit revealed millions in losses after the Home Ministry awarded a prison project to POLCO without competitive bidding. POLCO subcontracted the work for a fraction of the price and charged MVR 2.9 million for demolition work that never occurred. The Auditor General has recommended an investigation by the Anti-Corruption Commission.

Yameen urges Eagle Hills to scrap Rasmalé project

Former President Abdulla Yameen has urged Eagle Hills to scrap the Rasmalé project, labeling it an exploitation of a "morally bankrupt" regime. He cited public resentment and controversial lease terms that suggest a permanent loss of land. The project faces heavy criticism for its financial structure and perceived lack of public support.

PG had secured release of suspect detained with film stars

Shahil Mohamed, recently arrested with several film stars for drug offenses, was previously released from pretrial detention in a two-kilogram heroin trafficking case. The Prosecutor General’s Office had requested his release due to his medical condition and length of detention. He has now tested positive for synthetic drugs.

Eagle Hills to develop 5,000 housing units in Urban Isle

UAE’s Eagle Hills will develop 5,000 housing units in Hulhumalé’s "Urban Isle" as a prerequisite for the Rasmalé Waterfront project. The $400–$500 million development features three-bedroom apartments funded by future property sales. This initiative replaces a stalled $8 billion financial center project previously planned for the same site.

Two discharged, two in critical condition after road accident

Two people are in critical condition on ventilators and two others have been discharged following a motorcycle crash in Hulhumalé. The accident occurred when a motorcycle carrying three people fled police by driving against traffic. One victim suffered a brain hemorrhage, and the unlicensed driver reportedly has an extensive criminal record.

Renovation begins at Hulhumale' synthetic track

Renovations have begun on the Hulhumale' synthetic track to upgrade it to international World Athletics standards. The project involves installing a high-quality polyurethane surface to ensure athlete records are officially recognized. Work is expected to be completed by January next year.

Newsletter

Get the latest news delivered straight to your inbox