AGP Executive Report
Last update: 9 hours agoTourism & Trade: Maldives tourism kept growing in Q1 2026, but at a slower pace, according to the Maldives Monetary Authority’s Quarterly Business Survey, with revenue and bookings still in positive territory while operating costs and room rates stayed high. Digital Payments: President Dr Mohamed Muizzu has launched PayPal services in the Maldives via Ooredoo Fintech, linking PayPal accounts to M-Faisaa to help creators, guesthouses, dive schools and artisans receive international payments and deposits. Banking & Promotions: Bank of Maldives rolled out a weekly $1,000 draw for new US Dollar Debit Card applicants, rewarding at least $100 in card spending per week until 30 July. Hospitality Recognition: Centara Ras Fushi Maldives won the Tripadvisor Travellers’ Choice Award 2026, citing consistently strong guest reviews. Marine Conservation & Resorts: Anantara Dhigu Maldives unveiled a 3D-printed clay “Theyra Maa” reef installation with rrreefs, while Siyam World launched “Wreck to Reef,” turning a tuna freighter wreck into a living reef initiative. Local Business Support: Dhiraagu launched “Pitch for Purpose,” an employee-led CSR programme to pitch and deliver community projects. Banking & Youth Sports: Bank of Maldives partnered with the Netball Association of Maldives to sponsor junior netball tournaments under a three-year agreement. Regional Business Context: Kerala is pushing Indo-Arab Connect 2026 in Kochi, targeting 3 lakh Arab tourists and featuring Maldives among expected exhibitors. Aviation Watch: Premium airline Beond faces mounting uncertainty after reports of staff being asked to keep working amid salary arrears, with its Maldives-focused model under strain.
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.