AGP Executive Report
Last update: 11 hours agoInfrastructure & Finance Appointments: Mariyam Nazleena has been appointed to the board of Infrastructure Development Solutions (IDS), a state-owned company set up to speed up Maldives infrastructure delivery. Tourism Marketing Results: Visit Maldives says its month-long digital push across YouTube, Instagram, Google and Yandex generated 160M impressions, 22M video views and 600,000+ website sessions. Banking Performance: Bank of Maldives reported MVR 1.3B net profit for H1 2026 (+21%) and says it sold over $478M in foreign currency in the first half. Liveaboard Growth Funding: BML launched Liveaboard Finance with a 9.5% rate, up to 7-year tenors, USD repayments and support for buying, building or renovating vessels. Legal Framework for Land & Sea Use: Maldives proposes a new Lagoons and Uninhabited Islands Lease Bill to replace the Uninhabited Islands Act, expanding leasing rules for tourism, fisheries, agriculture, industry and more. Hospitality Sustainability: Cora Cora Maldives earned Green Globe Gold (93%) for coral restoration, marine conservation and community programmes. Luxury Brand Expansion: Hilton signed Coco de Mer Maldives, Tapestry Collection by Hilton, set to open in June 2027. Event Industry Disruption: Venue approval was withdrawn and an ABBA tribute show was cancelled after preparations began, with organisers citing last-minute government action. Esports & Youth: Dhiraagu Gamers’ Guild and Zero Point ran the Rocket League clash series, drawing 20 teams and a MVR 10,000 prize pool.
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