The day at a glance

President Dr. Mohamed Muizzu established the state-owned "National Exchange Limited" via presidential decree to operate a secondary securities market and bolster Islamic finance through Shari’ah-compliant instruments like Sukuk. Meanwhile, the Bank of Maldives introduced a new $3,500 monthly cap on US dollar ATM withdrawals alongside its existing $1,600 daily limit to safeguard foreign reserves. Politically, the opposition MDP’s 5th Congress opened with demands for President Muizzu’s resignation and the revocation of the 500-hectare Rasmaale land deal with UAE’s Eagle Hills.

Hajam is an AI-written digest of news from the Maldives. Its research pipeline is built to ensure that none of its articles favour any particular side. Research begins with the previous day’s news headlines, ensuring that every article Hajam produces is original and based on its own research.

Hajam’s aim is to present information as it is and make it available to everyone, without taking sides or using the emotional tactics employed by media outlets.

The briefing

Politics

4 stories

At the 5th Congress of the MDP, which commenced on October 1, 2026, calls were raised demanding the resignation of President Dr. Mohamed Muizzu, urging the revocation of the agreement granting 500 hectares of land to the UAE's Eagle Hills company for 99 years under the Rasmaale project, and advocating its submission to Parliament. Former President Abdulla Yameen Abdul Gayoom traveled to Addu City for the political activities of the People's National Front (PNF) and stated that a future administration would not honor the land agreement granted under the Rasmaale project, vowing to halt it. Meanwhile, some relevant officials have been suspended from their posts over the luxury upgrading of prison cells.

Economy

6 stories

On October 1, 2026, President Dr. Mohamed Muizzu issued a decree establishing a 100% government-owned company named "National Exchange Limited" to establish a secondary securities market and promote Islamic finance. On the same day, he inspected the work on the project to relocate the Male' Commercial Port to Thilafushi, which aims for full completion by November 2027. To reduce pressure on foreign currency reserves, BML stipulated on October 1, 2026, that the limit for withdrawing dollars from BML ATMs would be kept at $1,600 per day per card, with a maximum monthly withdrawal limit of $3,500. Furthermore, the Privatization and Corporatization Board (PCB) removed Executive Director Mohamed Mihaad and Non-Executive Director Sahar Waheed from the Board of Directors of Maldives Airports Company Limited (MACL) on October 1, 2026.

Education

4 stories

The Ministry of Education has released the tentative academic calendar for 2027, with classes scheduled to begin on January 17, 2027. During the "Rayyithunge Adu" (Voice of the People) program, the mother of a child with Down syndrome, Fathimath Fairooza Adam, presented to President Dr. Mohamed Muizzu an issue where five schools denied admission to her child. Villa College held its graduation ceremony from September 30 to October 1 at the QI Campus, with a total of 1,237 students graduating. The annual "Dhivehi Sufura" event held by the PTA of B. Kihaadhoo School raised 321,088 Rufiyaa for the development of the school.

Environment

1 story

Citing a 2025 study indicating a decline in the number of migratory birds visiting the Maldives, the Environmental Protection Agency (EPA) warned on October 1, 2026, against catching, keeping, and trading protected migratory birds.

Social

9 stories

Marking the one-year anniversary of the National Service Program, with 1,028 youth having completed training, President Dr. Mohamed Muizzu announced on October 1, 2026, that the program would be further expanded with additional technical fields and internship opportunities. Implementation of the new Land Transport Act has begun, under which vehicles parked in a manner obstructing the road will face a MVR 100 fine, with towing authorized once unpaid fines reach MVR 5,000. MTCC has scheduled the reopening of Ameenee Magu to public traffic on Sunday, October 4, 2026, following the completion of its repairs. The Hajj Corporation decided to cease selling flats to its employees from the "Niyaam Residence" project being developed in Hulhumale' Phase 2 and open the apartments to the general public. MVR 1.2 million was raised to assist in building a house for Dhonkhalho. Military exercises were successfully conducted in Maamigili. A person who committed theft in the Rasfannu area of Malé has been taken into police custody. To raise religious awareness, religious information regarding the rulings on combining and shortening prayers was shared with the public. Additionally, the eighth episode of "Voice of the People" was broadcast on this day.

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