Latest news in Maldives? September 13th, 2026

Key news and developments from the Maldives around September 13, 2026:

• BML Sets New Foreign Transaction Limits: The Bank of Maldives (BML) introduced a monthly cap of $16 million on overseas online retail transactions processed via Rufiyaa debit and credit cards, aiming to manage foreign currency outflows and stabilize dollar liquidity. One Online
• State Waqf Investment Company Established: President Mohamed Muizzu’s administration authorized the creation of a specialized, state-owned waqf company dedicated to managing and investing Islamic endowment assets, following wider restructuring within state-owned enterprises.
• Sinamalé Bridge Boat Incident: Maritime authorities reported that a vessel collided with a section of the Sinamalé Bridge connecting Malé and Hulhulé, though structural inspections confirmed no major damage.
• Infrastructure and Port Developments: Following recent agreements concerning the Thilafushi commercial port, Maldives Ports Limited (MPL) continues progressing international quay-wall expansion to transition bulk cargo handling away from central Malé by 2027. Hindustan Times
• Weather Alert: Heavy monsoon rainfall impacted the southern atolls, with Gan recording the nation’s highest local 24-hour rainfall total.