AGP Executive Report
Last update: 8 hours agoTourism & Tax Policy: Tourism Minister Mohamed Ameen says President Muizzu will introduce urgent changes to the Tourism Goods and Services Tax (TGST) Act, responding to industry concerns over the extension of GST to foreign travel agents and destination-principle payment rules. Port & Cost of Living: Economic Minister Mohamed Saeed says the Malé Commercial Port relocation to K. Thilafushi will cut cargo clearance time from 7–14 days to about one day, easing prices for fresh food and other imports; Thilafushi port operations are set to start as early as Oct 28, with a planned Nov 11, 2027 inauguration. Infrastructure (China-funded): China’s ambassador says Malé/Vilimalé road upgrades and a 100-bed China–Maldives Friendship Hospital in Vilimalé are expected to start in late 2026 or early 2027 under Chinese grants. Business & Finance: Maldives Islamic Bank will hold its Guest House Symposium alongside the Guest House Awards on Oct 15, with a single panel discussion and keynote on key sector issues. Mariculture Skills: Applications are open for the fourth Marine Hatchery Skills Development Program (14 days, 15 participants) at Maniyafushi, covering hatchery, nursery and disease prevention modules. Energy & Sustainability: Atoll Solar and Ocean Sun will present lagoon floating solar solutions at the Hotelier Maldives GM Forum 2026. Local Housing Compliance: Fahi Dhiriulhun Corporation is investigating 16 cases of unauthorized subletting in Hulhumalé Phase 2 and reports 564 units with non-payment issues. Tourism Industry Shift: Crown Company Chairman Hussain Afeef backs a government plan to develop at least 10 resorts via state-owned companies, aiming for broader public benefit and workforce impact.
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