AGP Executive Report
Last update: 8 hours agoTrade and Investment: The Maldives and Pakistan signed 20 agreements covering trade, technology, health, tourism and other sectors, and set a goal of lifting bilateral trade from about $13 million to $200 million within two years. Direct flights are under discussion, while a business forum is intended to connect companies and investors. Tourism Tax: A bill would remove foreign travel agencies and booking platforms without a local establishment from the tourism GST, and require refunds for tax collected since October 1. The repeal is not yet final. Airport Capacity: Velana International Airport will move 10 airlines’ international check-in to Terminal 2 from October 25, adding capacity ahead of the winter travel season. Small Business: Bank of Maldives is offering two startup grants of MVR 500,000 each, plus a year of business support; applications close November 10. Rasmale’ Project: President Muizzu says the development could attract USD 30 billion in investment and create 14,000 permanent jobs, though these are projected figures.
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