AGP Executive Report
Last update: 6 hours agoState-Owned Enterprise for Waqf: President Dr Mohamed Muizzu has created “Maldives Awqaf Investments Limited” (100% government-owned) to fund religious activities, develop and maintain waqf endowment properties, and construct/repair mosques, with permission to run Sharia-compliant commercial activities. Bridge & Shipping Oversight: Opposition MDP has asked the 241 Security Services Committee to review the Sinamale’ Bridge tanker collision, questioning inspection speed, customs seizure handling, and whether the bridge was insured; the Infrastructure Minister says inspections found no structural damage, only surface scratches. Foreign Exchange Controls: Bank of Maldives (BML) set a USD 16m monthly cap on overseas rufiyaa-card e-commerce to ease dollar outflows, with daily category limits and resets at 7am. Tourism Connectivity: Qatar Airways will raise weekly flights to the Maldives from 12 to 21 from Oct 25, and seven more airlines are expected to start seasonal services in Q4. Aviation Expansion: GullivAir plans direct Malé–Sofia flights from 6 Nov 2026. Industry People Moves: Gili Lankanfushi promoted Ahmed Majid to Director of Engineering and made HR appointments for Ahmed Visam and Brille Ann Reyes. Maritime/Trade: Maldives awards the Thilafushi port contract phase to China Harbour Engineering Company, while the government says control and ownership remain with Maldives.
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.
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