AGP Executive Report
Last update: 9 hours agoChild Safety & Regulation: President Mohamed Muizzu says the Maldives will ban children under 16 from accessing certain social media platforms, targeting cyberbullying and online grooming; the government will study models like Australia and aims to finalize the framework and roll it out within a year after consultations. Banking & FX Controls: Bank of Maldives (BML) is expected to ease foreign-transaction limits by end of June as dollar liquidity improves; current restrictions mainly affect MVR card use for international e-commerce, while dollar-account cards and students abroad are said to be protected via existing arrangements. Tourism & Events: Raaraa Pro 2026, the Maldives’ top kiteboarding competition, kicked off 1 June in Dhiffushi with six days of racing and freestyle events, backed by Visit Maldives Corporation to broaden adventure tourism. Insurance & Trade Links: Brokerslink expands internationally with three new affiliates, including Trust Edge Risk Solutions in the Maldives, strengthening local expertise in hospitality, marine and construction risks. Energy Shock Watch: UNCTAD warns Strait of Hormuz disruptions could lift oil import bills for vulnerable economies by over $20bn annually, a reminder of how global energy shocks can feed into costs for small island states.
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