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NewsSome companies used black market profits to fund payrolls: Saeed
Economic Minister Mohamed Saeed alleges that large companies are using massive black market dollar profits to fund their entire payrolls. He claims these businesses artificially manipulate exchange rates, driving up the cost of living. The government is now cracking down on these illicit activities to restore market stability.
NewsResort workers shouldn't pay for policy failures: TEAM
The Tourism Employees Association of Maldives (TEAM) opposes government plans to mandate resort salary payments in local currency amid a dollar shortage. The group argues that workers should not suffer for policy failures that would reduce their real income. They demand guaranteed access to dollars at official rates before any such transition.
