AGP Executive Report
Last update: 5 hours agoMSME Growth: Bank of Maldives now lets small businesses receive overseas customer payments in US dollars through its payment gateway, which can also help cover international expenses. Maldives Post has separately launched a programme with the Universal Postal Union and Islamic Development Bank Institute to improve MSMEs’ access to e-commerce, logistics and digital finance. Tourism: The Maldives welcomed 1.76 million tourists in the first 10 months of 2026, down 3.5% year on year, despite October arrivals edging up 0.2%. Maldivian has added a King Air 360 for luxury resort transfers. Company Results: Maldives Islamic Bank reported MVR 133 million in third-quarter profit, up 44% year on year; Ooredoo Maldives posted MVR 577 million in revenue and MVR 181 million in profit. Investment & Resilience: A China-Maldives investment forum in Malé brought together 41 Chinese companies to explore cooperation in green, blue and digital industries. At the Commonwealth meeting on small states, Foreign Minister Iruthisham Adam called for more affordable, long-term finance. An ILO study warns heat stress could cost the Maldives the equivalent of 2,400 full-time jobs by 2040.
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