Mohamed Mamdhooh
4 articles
Latest
NewsResorts mandated to exchange 40 percent of USD earnings
The Maldives Parliament passed amendments requiring resorts to convert 40% of USD earnings into local currency within 28 days, starting in October. Despite industry warnings that the mandate is unfeasible, the law increases the previous 20% requirement. The move aims to bolster foreign exchange reserves but faces strong tourism sector opposition.
NewsSOE employees coerced into signing government petition
Employees at several state-owned enterprises report being coerced by management into signing a government petition to reclaim land from local councils. Staff were warned of repercussions for non-compliance as the government seeks to bypass previous procedural hurdles. Over 6,800 signatures have been collected under pressure.
