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AGP Executive Report

Last update: 5 hours ago

Foreign Exchange Relief: President Dr. Mohamed Muizzu says Bank of Maldives (BML) is expected to ease foreign transaction limits by end of June, after the bank cited a dollar shortage and tighter FX availability affecting international e-commerce and online retail card use. Resort Deal: Hayleys PLC has agreed to sell Maldives resort assets tied to NH Maldives Kuda Rah for USD 17.25m (about MVR 266m), with completion expected in the first months after the reporting date. Tourism Finance & Pricing: LuxAtolls launched a Maldives Pricing Index tracking transfer costs, mealplan premiums and deals across 129 resorts, showing transfer costs vary 23-fold and all-inclusive mealplan supplements can be far higher than half-board. Banking Tech: Commercial Bank of Ceylon introduced 3-D Secure (3DS 2.x) authentication for UnionPay e-commerce transactions, aiming to strengthen secure online payments in South Asia. Wellness Push: Dusit Hotels and Resorts is rolling out Well-Fest 2026 across June, betting on growing demand for meaningful wellness travel. B2B Tourism Tech: Visit Maldives endorsed TechEng 2026 (6–8 Oct) to spotlight energy, water, digital infrastructure and smart, sustainable engineering for hospitality. Travel Market Watch: RateGain released an APMEA Direct Booking Friction Report 2026, arguing hotels lose direct bookings mainly due to friction in their own digital booking journeys. Culture & Community: Chinese Ambassador Kong Xianhua joined Beyya celebrations in Kinbidhoo, praising local creativity and community spirit. Tobacco-Free Drive: President Muizzu marked World No Tobacco Day, highlighting Maldives’ tobacco-free generation law and warning against flavoured nicotine pouches and AI-driven marketing.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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May 14, 2026

Vahmaafushi to open as Maldives’ first adventure picnic island

EIN Presswire

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May 15, 2026

Ellaidhoo Maldives spotlights after-dark snorkelling on its house reef

EIN Presswire

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May 11, 2026

Cinnamon Maldives resorts cut seaplane transfer costs in half

EIN Presswire

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May 11, 2026

Radisson Resort Maldives wins two Asia Pacific Hotel Awards

EIN Presswire


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Most underrated coastal spots in Europe - from remote Finnish archipelago to the crystal-clear waters of the 'Maldives of Europe'

Most underrated coastal spots in Europe - from remote Finnish archipelago to the crystal-clear waters of the 'Maldives of Europe'

How We Pulled It Off: A Stunning Maldives Elopement Paid for With Points

How We Pulled It Off: A Stunning Maldives Elopement Paid for With Points


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May 21, 2026

Maldives Cave Diving Operation Ends with Recovery of All Italian Victims

MENAFN

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May 14, 2026

Maldives’ First Adventure Picnic Island and the World’s Most Beautiful Zipline Set to Open 21 May 2026

EIN Presswire

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May 15, 2026

Ellaidhoo Maldives by Cinnamon Highlights Night Snorkelling on Its Biodiverse House Reef

EIN Presswire

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May 11, 2026

Touch Down in Paradise with 50% Off Seaplane Transfers at Cinnamon Maldives Resorts

EIN Presswire

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May 11, 2026

Radisson Resort Maldives by Teus Group Wins Two Asia Pacific Hotel Awards 2026–2027

EIN Presswire

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May 4, 2026

Sri Lanka, Maldives Ink Seven Pacts During Presidential Visit to Colombo

MENAFN

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