AGP Executive Report
Last update: 9 hours agoTourism & Revenue: Maldives Inland Revenue Authority (MIRA) says May collections fell short, pulling in USD 132.99m (USD 88.54m in foreign currency), down 5.8% year-on-year, with weaker tourist arrivals blamed for declines in GST, tourism land rent and migrant quota fees. Public Finance & Enforcement: MIRA also reported support from lease extension fees and stepped-up recovery work, with late payments at 13.8% of collections and proactive enforcement contributing 21.9%. Destination Marketing: Visit Maldives Corporation reported its strongest financial performance in eight years at its 9 June AGM, with self-generated income of MVR 32.54m in 2025, alongside record tourism—over 2m arrivals and USD 5.57bn in receipts (+16.4%). Bilateral Ties: Vice President Hussain Mohamed Latheef and Japan’s ambassador reaffirmed Maldives-Japan cooperation ahead of the 60th anniversary of diplomatic relations, highlighting tourism, people-to-people links and economic collaboration. Governance & Accountability: Maldives Police detailed its investigation into former Immigration Controller General Mohamed Shamaan Waheed, responding to corruption, abuse of power and money laundering claims. Telecom & Community: Ooredoo Maldives launched World Cup promotions and a kids’ football event at Hulhumalé Central Park, with SuperNet upgrade offers and device financing. Regional Trade: The 10th China–South Asia Expo opened in Kunming, with South Asian firms pushing B2B deals—an indirect boost for regional business links that Maldives tourism and trade partners watch closely.
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