AGP Executive Report
Last update: 7 hours agoTourism Tax Overhaul: Maldives Parliament approved extending Tourism Goods and Services Tax to foreign booking platforms and offshore tour operators, requiring them to register with MIRA and pay TGST based on where the tourism service is supplied. Port & Logistics: Maldives Ports Limited (MPL) invited facility providers for the Thilafushi Port Development Project, covering admin, cargo handling, cold storage, bonded warehouses and utilities, with applications due 10 September. Climate Watch: The MET Office forecasts above-average temperatures across the Maldives from September to November as El Niño strengthens, with regional rainfall shifts and risks to corals, agriculture and fisheries. FX Pressure on Resorts: Tourism Employees Association (TEAM) says the country is not receiving dollars due to government policies, warning the 40% foreign exchange requirement could push staff pay into rufiyaa and squeeze incomes. Infrastructure Update: President Muizzu said the Thilamalé Bridge project, including the Male’ to Thilafushi link, is expected to be completed and opened within a year. Industry Diplomacy: China reaffirmed readiness to support Maldives development priorities, including transport, trade, food security and exports of fish to Hainan.
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