AGP Executive Report
Last update: 7 hours agoRasmalé Investment: The Housing Minister called a USD 24 billion valuation of the reclaimed island “flawed,” arguing it wrongly applies Hulhumalé land prices to an undeveloped site. The MDP’s National Council separately voted to demand a referendum and disclosure of the Eagle Hills deal’s terms. MSME Finance: BML is opening its payment gateway to small businesses, letting them receive international card payments in US dollars and use the funds for overseas expenses. The government has also introduced a process for businesses to offset overdue state payments against tax bills. Quarterly Results: MIB reported MVR 133 million in third-quarter profit, up 44% year-on-year, while Ooredoo posted MVR 577 million in revenue and MVR 181 million in net profit. Fisheries: MIFCO raised its skipjack purchase price to MVR 23 per kilogram, a boost for fishers. Economic Outlook: The Maldives projects growth of up to 6.8% in 2027, with a proposed MVR 59.7 billion budget. Sea-to-air cargo has also helped lift re-export earnings 6.8% year-on-year to USD 319 million.
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