AGP Executive Report
Last update: 9 hours agoThilafushi Port Deal: Maldives Ports Limited signed an MoU with China Harbour Engineering Company for Phase 1 of Thilafushi Port, raising strategic concerns over China’s growing footprint in the region. Fisheries Finance: The Fisheries Ministry says MVR 14.5m in loans was disbursed to 113 fishermen in four months via the Masveriya Portal, covering equipment, vessel needs, home upgrades and education. Tax Recovery: MIRA recovered MVR 3.5bn in outstanding revenue in the first six months, with total arrears at MVR 14.5bn by end-June, including large resort land rent dues. Payments Regulation: The Maldives Monetary Authority increased minimum capital requirements for payment service providers, aiming to strengthen financial resilience and public confidence. Cold Chain Boost: The Health Ministry laid the foundation stone for an ADB-funded Central Cold Chain Facility in Hulhumalé to improve safe storage of vaccines and other temperature-sensitive supplies. State Sector Politics: STELCO suspended an HR employee after live TV remarks linked staff party sign-ups to the ruling PNC, triggering public backlash. Leadership Appointment: Dr. Ahmed Riyaz was appointed Chief Statistician of the Maldives Bureau of Statistics for a five-year term. Travel & Tourism Context: A UK luxury travel firm Wayfairer Travel suspended operations, warning customers not to travel, including trips to the Maldives.
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