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AGP Executive Report

Last update: 10 hours ago

Cost-of-living pressure: The MDP plans a “Dhathivejje” protest in Malé on Aug 12 at 4:30pm over rising prices of basics like baby formula, basmati rice, coffee powder, cooking oil and milk, with Nasheed blaming dollar shortages, inflation and stalled debt repayment plans. Tourism mix: Latest ministry figures show resorts hosting about 73% of arrivals so far this year (902,228 of 1.2m), with July arrivals up 46% month-on-month to 184,735. State-company scrutiny: Parliament backed ACC and Police probes into Fenaka promotions granted in 2022-23, while Housing Minister Muthalib says Fenaka delays stem from “mess” left by the Solih era and contract issues. Right-sizing debate: Former Deputy Speaker Nazim claims Maldives Ports Limited has ~600 excess staff and a payroll above MVR 20m, echoing wider calls to right-size SOEs amid the current economic squeeze. Business crackdown: Economic Affairs says 107 expat-run businesses were shut for operating illegally, following inspections tied to 447 complaints. Finance & trade: Maldives Islamic Bank reports Q2 assets at MVR 19.31b and deposit growth, while VIA hit a record 621 tonnes of sea-to-air transshipment cargo in a month. Digital payments: The Favara-UPI corridor is live, enabling instant MVR-to-INR transfers to Indian UPI bank accounts via Bank of Maldives and Maldives Islamic Bank. Logistics rules: MACL introduced mandatory vessel registration via a “Harbour Portal” for access to Velana’s jetty and lagoon area. Fisheries update: MIFCO says July fish purchases jumped fourfold to 2,474.8 tons, lifting payments to vessels to MVR 49.76m.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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Jul. 27, 2026

Three Cinnamon Maldives resorts earn Tripadvisor top 10% recognition

AGP

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Jul. 22, 2026

Go Ocean launches private island buyouts in the Maldives

AGP

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Jul. 21, 2026

Centara Maldives resorts win multiple global travel awards

AGP

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Jun. 17, 2026

OUTRIGGER Maldives Maafushivaru ranks in Tripadvisor’s top 1% worldwide

AGP


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Chinese province offers useful lessons for Maldivian island Fuvahmulah, says mayor

Chinese province offers useful lessons for Maldivian island Fuvahmulah, says mayor


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16 hours ago

Chinese Ambassador to the Maldives Kong Xianhua Publishes a Signed Article in Maldivian Media to Mark the 105th Anniversary of the Founding of the Communist Party of China

Ministry of Foreign Affairs of the People's Republic of China

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Jul. 27, 2026

Cinnamon Hotels & Resorts Maldives recognised among Tripadvisor’s top 10% hotels worldwide

EIN Presswire

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Jul. 27, 2026

Chinese Ambassador to the Maldives Kong Xianhua Pays a Courtesy Call on Maldivian Minister of Finance and Public Enterprises H.E. Hassan Zareer

Ministry of Foreign Affairs of the People's Republic of China

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Jul. 22, 2026

Go Ocean Launches New Private Island Buyout Experiences in the Maldives

EIN Presswire

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Jul. 21, 2026

Centara Hotels & Resorts Maldives Celebrates Prestigious International Accolades Across Award-Winning Island Portfolio

EIN Presswire

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Jul. 21, 2026

Chinese Ambassador to the Maldives Kong Xianhua Attends the Closing Ceremony of the Chinese Language Training Course for the Maldives Customs Service

Ministry of Foreign Affairs of the People's Republic of China

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