Maldives association of tourism industry ( MATI)
16 articles
Latest
NewsPolice appeal for public help in stopping USD black market
The Maldives Police Service is seeking public help to identify illegal foreign currency exchangers to combat a soaring dollar black market. Informants are promised anonymity as the government tightens regulations to stabilize the economy. This follows new mandates for resorts to exchange more revenue, a move the tourism industry opposes.
NewsYameen urges resorts to oppose 40 percent USD conversion rule
Former President Abdulla Yameen has urged resort owners to reject a new law requiring them to convert 40% of foreign currency earnings into local currency. He labeled the mandate authoritarian, warning it creates an unsustainable financial burden for an industry that must repay development loans in U.S. dollars.
News
Muizzu defends dollar policy, claims consultative approach
Business
MMA mops up MVR 3 billion to reduce surplus liquidity
News
Resorts mandated to exchange 40 percent of USD earnings
Business
Plans to move toward floating exchange rate
Business
Champa Afeef becomes new Chairman of MATI
Business
TGST to increase to 17 percent starting next month
News
Controversial forex bill passed
News
MATI officials meet Tourism Minister after expressing concern
Business
MMA changed rules without addressing any concerns: MATI
Business
South Asian Travel Awards to be held in Nepal in September
News
Indian team invited to celebrate their victory in Maldives
News
MATI member Rafil resigns from MMPRC board
News
MATI calls to instil steps to mitigate impact of coral bleaching
Business