Ahmed Salah 🇲🇻🇵🇸

FCCA, FCA | Tax & Accounting Consultant | Managing Partner @qvl_mv | Red #YNWA

[yaxyn @yaxynn]

I think it’s time @bankofmaldives stop issuing @Visa @Mastercard and @AmericanExpress debit and credit cards and reintroduce their own “cash cards” as in early 2000’s. There’s nothing you can almost do with the card’s issued by BML with the current limitations, which remains a top secret and a mystery.

[nasheed @lslandNation]

This guy is riding 120kmph while you’re there watching? @TrafficPoliceMv @PoliceMv @MTA_mv take action now this is the road my family uses too it should be safe for others and it’s your job to make it safe

[Ismail Kaleem @roketscientist]

Your financial data is protected by a Statutory Duty of Secrecy under Section 42 of the Maldives Banking Act.

This law strictly limits who can access your records. Additionally, Article 24 of the Constitution guarantees your right to privacy.

Any contract term like BML’s Clause 6.2 that claims to share data with “any government office” without a specific legal mandate is a violation of these rights.

Under Section 156 of the Civil Procedure Act, the public can initiate a Representative Action.

This allows a group of affected individuals (1000+) with the same legal interest to challenge these terms in a single claim. This is a powerful instrument to seek a Declaratory Judgment to have illegal clauses struck down for the entire nation.

The @MMA_Maldives, as the regulator, holds the power under Section 64 of the Banking Act to impose administrative fines and issue Directives for Corrective Action.

When a bank systematically includes terms that bypass secrecy laws, the regulator is empowered to intervene and penalize the institution to protect the financial system's integrity.

Under the Companies Act, the Board of Directors owes a Fiduciary Duty to the company to ensure its operations are lawful.

If the Board allows the bank to maintain illegal or unconstitutional terms, they expose the institution to massive litigation and regulatory fines. Failure to address these risks can lead to civil actions against individual directors for negligence and breach of duty.

Shareholders can file a Derivative Action against the Board, arguing that the directors’ failure to fix the ToS has caused "reputational harm" and "financial risk" to the company, potentially making directors personally liable for losses.

[Ahmed Salah 🇲🇻🇵🇸 @koamas]

@roketscientist @dh0nkeyo When the Government, regulator, and bank are institutionally linked, how is regulatory independence demonstrated? If potential breaches of banking confidentiality are identified, what corrective action can we expect?

[Mohamed Yaniu @mohamed_yaniu]

A lot of people are talking about the “Malé Taxi” name right now. I want to share our side of the story not as a complaint, but because 10 years of hard work deserves to be heard.

In 2015, we registered the business name “Malé Taxi” under Taviyani Pvt Ltd (Registration No. BN-0929/2015). That same year, we launched Kobaa Taxi, an online taxi booking service. We purchased 150 Samsung tablets from Thailand, along with MiFi devices and SIM cards from Dhiraagu, all with our own money, and distributed them to drivers ourselves. There was no funding, no backing just our own effort to build something new for Malé.

In 2016, we submitted a proposal to the Ministry of Economic Development for motorcycle taxi services (RFP Ref: (IUL)101-AF/2016/77). We demonstrated the concept, but our proposal was not selected. We were then advised to apply through a new regulation, and we followed every process as required.

In 2017, the ministry opened an Expression of Interest for Premium Taxi Services in Malé and Hulhumalé (Ref: (IUL)101-AF/1/2017/31, dated 1 February 2017). We submitted a detailed proposal featuring electric and hybrid vehicles, app-based booking, Maldivian drivers in uniform, cashless rides, and a phased rollout plan. We even beat MTCC on price. In the end, the project was cancelled.

At that time, very few people in the Maldives believed an app-based taxi service could work so in 2017, we stopped.
But we did not give up.

In February 2019, we rebranded and launched Avas Ride. We started again from zero with no outside rescue. Just our own money, our own belief, and our determination to keep going.

Today 7 years later Avas Ride has more than 160,000 customers and 3,000+ drivers. In 2025 alone, we completed 2.9 million rides.

As a white-label platform, we faced limitations in customizing the product for the Maldivian market including constraints around integrations such as BML payment gateway ,implementation of safety features. Despite these challenges, we continued to grow and validate the model locally.

In 2023, we made a major decision: to build our own platform from scratch.
We began developing Avas App with a fully Maldivian team 8 developers, a CTO, a UI designer, and a product manager. We successfully launched it with a grand event, marking a new chapter for locally built technology.

Today, we are preparing for an international white-label launch in Q3 this year.

We proved that this model works not with government money, but with persistence, resilience, and belief in what we are building.

Then, on 2 April 2026, MTCC launched “Malé Taxi Line”: electric vehicles, app-based booking, Malé and Hulhumalé coverage, and uniformed drivers. It is almost identical to what we proposed in 2017 and it uses the name we registered in 2015.

We sent a formal notice regarding name infringement to MTCC on 28 March 2026. They launched anyway. There was no response, no negotiation, and no acknowledgment.
Let us be clear we are not against better public transport. In fact, we have spent the last decade trying to build exactly that.

But if a legally registered business name can be used by a state-owned company without even a conversation, then what message does that send entrepreneurs in Maldives.

[Hamdhan @Ahmed_hamdhan]

One of the most poorly organized elections in Maldives history. Delays, chaotic polling stations, and compromised ballot secrecy. These are not minor issues—they strike at the core of democracy. Serious concerns of interference. Shame on this government.

[Midhuam Saud(米渡）🇲🇻 @Midhuamsaud]

إنَّا لله وإنا إليه راجعون

Little Azan is no longer with us

[Liverpool FC @LFC]

Ramadan Kareem from all of us at Liverpool FC  ❤️ #RedTogether

[Tandy @LFC_Tandy]

This is the worst decision football has EVER seen btw.
https://t.co/aZfG3uDNgy

[H@mty🌝 @H_mt7700]

Dhivehi culture has really “developed.”
We upgraded from morning community cleanups to throwing rubbish everywhere and caring about nothing. Zero empathy, ownership sense of community
https://t.co/nTb3I69ums

[Educate_MV @Educate_060285]

If eFaas exists, why is the government building multiple new portals? Why can’t services be integrated into one unified platform? Wasn’t Maldives 2.0 supposed to simplify digital governance? More portals don’t mean progress , it just creates confusion and wasted resources.

[sun.mv @sunbrk]

Uniform gai karu bedhey hen tie alhaa coat levvumakee dharivarunnah dhevey aniyaa eh: Dr. Hassan https://t.co/oq9uHkkx6i

[Kavi Senu @KaviSenu]

Personally, I think this is probably the biggest campaign ever done in the history of the Maldives. It's still about 25 hours.. The people of this small country with a total polulation around 500,000 peoplehave already raised close to 600,000 dollars (184 million rupees) for us.. While big countries are struggling, the people of this small islandnation are doing such a great work. Government and private oragamizations, media, schools, big/small businesses, banks, NGOs, foreign workers, all of them have come together. There are no words to say about what they are doinv right now. TV channels have been going live since the beginning. Mobile networks have provided free phone calls to Sri Lanka. Collection boxes have been placed in places so that people can contribute what they have. In addition, they are doing everything they can to help the Sri Lankan people working here. At a hard time like this, what these people doing for us should not be forgotten. Finally, we must say that we are lucky to be able to work in such a beautiful country, with such beautiful people and in such good oranizations.

*This campaign is not over yet...

#CeylonaaEkuDhiveheen #TeamHDC #withHDC #Maldives #PSM #TVM

[QVL @qvl_mv]

Read our analysis on the most critical developments shaping the global tax landscape in our article, offering key insights and reflections straight from the Maldives Tax Forum 2025.

Read our article at:
https://t.co/nRD8IgNlmL

[QVL @qvl_mv]

Our Partners Salah and Hameed attends The Auditors Forum 2025 by @icamaldives

Delighted to be one of the listed sponsors for the year.

[QVL @qvl_mv]

At QVL, our legal advice goes beyond compliance. Our team brings together corporate lawyers and financial specialists to offer legal solutions that are both technically sound and commercially aligned.

[QVL @qvl_mv]

Partner-led. Proactive. Risk-focused.

#QVL #TaxDueDiligence #CorporateCompliance #MaldivesBusiness

[QVL @qvl_mv]

Strategic. Proactive. Partner-led.

#QVLAdvisory #TaxRiskManagement #MaldivesBusiness #MIRACompliance

[Liverpool FC @LFC]

'There are places I'll remember all my life...' ❤️

[Mohamed Salah @MoSalah]

This is what we wanted to deliver to our fans more than anything. This is a club that should always compete for everything and be right at the top. No excuses. All teams win games but in the end there’s only one champion. That’s what history remembers and this applies to next season as well.