AGP Executive Report
Last update: 9 hours agoMalé Infrastructure: President Muizzu says the first major modernization of Malé’s road network in decades will start no later than early 2027, funded by a China grant, with upgrades including stormwater drainage, dewatering and fire hydrants; a separate phase of Boduthakurufaanu Magu is set to open to traffic next week. Public Finance: Maldives’ fiscal report shows a USD 63.29m deficit in the first half of 2026 as spending outpaced revenue, driven by nearly doubled subsidies and higher recurrent costs from the salary harmonisation programme. Energy & Households: Hanimaadhoo council plans rooftop solar for every home, with residents paying 50% of installation costs and the council covering the rest, rolling out in phases after a resident survey. Banking & Payments: Bank of Maldives expands its branch network (seven new branches) and pushes digital payments via BOC Flex Tap & Pay and Swipe IBAN international payments. Business Security: Dhiraagu launches “Cyber Protect,” an Eset-powered managed endpoint security service for Maldives businesses. Crypto Crime (UK): Three men jailed in the UK for a £4m crypto scam that used fake police websites and “secure police accounts,” with luxury spending including trips to the Maldives.
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