AGP Executive Report
Last update: 10 hours agoBanking Localization: MMA governor Ahmed Munwar says Maldivian representation in senior banking management will rise to 80%+ in five years, cutting expatriate management from 40% to 20%, backed by a deal with the Asian Institute of Chartered Bankers. Tourism Compliance: The government moves against tourism leaseholders over unpaid rent and fines, warning of possible enforcement under the Tourism Act. Waste & Plastics: Parliament passes a Waste Management Act amendment removing the MVR 2 plastic-bag fee on bulk packs over 50 bags, while strengthening waste-management planning and standards. Aviation for Tourism Awards: MACL is named official aviation partner for World Travel Awards 2026, with branding at Velana International Airport ahead of the Sept 27 gala. Mariculture Expansion: Fisheries designates 10 more mariculture zones across Thaa, Meemu, Faafu, Dhaalu and Gaafu Alifu, adding to the four earlier designated areas. Tax Push for Foreign Services: Parliament considers GST and registration rules that would require foreign tour operators and offshore booking platforms to register and charge 17% Tourism GST from Oct 1, alongside moves to double withholding tax on foreign construction contractors to 10%. Energy Finance: ADB signs USD 50m loans to support fuel procurement and diesel for electricity, water, transport, food/medical supplies and waste management. Healthcare Supply: StatePharma says medicine shortages persist due to past neglect in import, storage and stock management, with an ERP and e-logistics platform now underway. Maritime Search: MNDF says chances of finding three missing crew from the Friend4 supply vessel are “slim,” with a US P-8 Poseidon aircraft reported flying over the search zone.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.