AGP Executive Report
Last update: 2 hours agoTourism Payments: Bank of Maldives has been returning some hotel-booking payments linked to Russian visitors, adding costs for tour operators and risking check-in problems; the bank says it does not process Russia-connected transfers. Tax and Small Businesses: Parliament’s Economic Affairs Committee approved removing the tax on foreign tour operators and raising the GST registration threshold to MVR 1.5 million. BML’s Startup Grant applications, offering two businesses MVR 500,000 each plus mentorship, close tomorrow. Weather Services: The Met Office’s upgraded Moosun app now provides forecasts for 516 locations, including resorts, airports and industrial islands, with severe-weather alerts. Hospitality: Manhattan Grand, a 162-room hotel with major event facilities, has opened in Hulhumalé after years of delays. Infrastructure and Skills: MACL’s borrowings have reached nearly MVR 16.64 billion amid major airport projects. A new government agreement will train local technicians to maintain electric vehicles and charging stations.
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