AGP Executive Report
Last update: 9 hours agoPort & Cost of Living: Economic Minister Mohamed Saeed says relocating Malé Commercial Port to K. Thilafushi will cut delivery and clearance time from 7–14 days to about one day, easing prices; Thilafushi operations may start Oct 28, with first phase inauguration planned for Nov 11 next year and full completion by Nov 2028. Education & Inclusion: President Muizzu will personally look into a child with down syndrome reportedly rejected by five schools, after the family raised concerns about “inclusive” schools prioritising stronger academics and about teacher capacity in public schools. Zakat Growth: Maldives Zakat House reports Zakat al-Mal collections of MVR 109.6m Jan–Sep 2026, already above last year’s full total, with three months remaining. Tourism Data Reporting: MIRA launched the Maldives Guest Information System (MGIS) to streamline guest reporting for guesthouses and tourism businesses, with phased onboarding starting Nov for larger operators. FX Controls: Bank of Maldives set a monthly USD 3,500 ATM withdrawal cap (daily USD 1,600 unchanged) citing pressure on dollar reserves and tighter limits on foreign spending. GST on Overseas Agents: MIRA began applying GST to offshore booking platforms and foreign tour operators under the amended GST Act, drawing warnings from travel industry groups about enforcement and impacts on SMEs. Environment Financing: MoCCEE signed GEF-funded agreements with UNDP to update the National Biodiversity Strategy and Action Plan and develop a Biodiversity Financing Plan. Connectivity & Trade: President established National Exchange Limited to support a government-backed secondary securities market and Islamic finance growth. Telecom Promotions: Dhiraagu marked its 38th anniversary with free 38GB data and IDD minutes via the DhiraaguApp.
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