AGP Executive Report
Last update: 7 hours agoInvestment: President Mohamed Muizzu told the China-Maldives Investment Cooperation Forum that the country wants responsible investment that creates industries, jobs and skills as it works towards Vision 2040. Ports: The shift of Malé Commercial Port operations to Thilafushi has begun, with container-clearing services moved first. The new USD 250 million port is designed to handle 300,000 TEUs a year, more than twice last year’s volume. Food Production: The MFDA will inspect registered home-based food producers and processors from November 5 to 20 to check compliance with food-safety standards. Tourism Tax: Parliament has advanced a bill to repeal the 17% tax on overseas travel agents and booking platforms, following industry objections; the move could mean about MVR 1.61 billion in foregone revenue. Renewable Energy: Minesto and Morteza Capital have agreed to pursue commercial tidal-energy projects in the Maldives, where power generation remains heavily reliant on imported diesel.
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