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AGP Executive Report

Last update: 9 hours ago

Digital Banking & Cash Limits: Bank of Maldives says a new monthly USD ATM withdrawal cap of $3,500 per customer starts 1 Oct 2026, while the daily $1,600 per card limit stays. The bank points to faster digital payments via BML Mobile and Internet Banking. Capital Markets Push: President Muizzu established National Exchange Limited, a wholly state-owned SOE to develop a government-backed secondary securities market, including trading facilities and post-trade services, with a focus on Islamic finance. Tourism Reporting Overhaul: MIRA launched the Maldives Guest Information System (MGIS), letting Green Tax-registered tourism businesses submit guest data in one place, with resorts/hotels/guesthouses over 50 beds starting from November and others from January. Hospitality Governance Scrutiny: The PCB dismissed two directors from Maldives Airports Company Limited (MACL), including Executive Director Mohamed Mihadh, without giving reasons. Environment Enforcement: ERA warned it will fine people who catch, keep or trade protected migratory birds during the northeast monsoon. Tourism Tax Backlash: UK travel trade group Abta says the extended 17% tourism GST on overseas travel firms’ margins from 1 Oct lacks clarity and consultation, urging a delay. Port Relocation Progress: MPL says the domestic operations area for the Malé Commercial Port move to Thilafushi is on track for early October, with quay wall and yard works underway. Shipping Cost Relief: Maersk cut its Emergency Contingency Surcharge for Maldives-origin cargo to Northern Europe and the Mediterranean, effective next Wednesday. Health Service Access: Health Minister Geela Ali said authorities are preparing a mobile blood donation service to make donating easier, especially for eligible donors who can’t reach blood banks.

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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Sep. 29, 2026

Centara rolls out festive season programs at four Maldives resorts

AGP

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Sep. 14, 2026

Atmosphere Core signs 10th Maldives resort with ONE BANYAN Amaraa Faru

AGP

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Sep. 14, 2026

Atmosphere Core unveils 10th Maldives resort under ONE BANYAN brand

AGP

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Sep. 14, 2026

Atmosphere Core adds 10th Maldives resort with One Banyan Amaraa Faru

AGP


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The Maldives’ Defence Reforms Under President Muizzu: India’s Dilemmas

The Maldives’ Defence Reforms Under President Muizzu: India’s Dilemmas


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Sep. 30, 2026

Park Hyatt Maldives Hadahaa Launches the Masters of Food & Wine Series with MICHELIN-Starred Executive Chef Ku Chi Fai

EIN Presswire

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Sep. 29, 2026

Cinnamon Hotels & Resorts invites DISCOVERY members to explore Maldives through GHA DISCOVERY Scavenger Hunt

EIN Presswire

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Sep. 29, 2026

Celebrate the Festive Season with Island-Inspired Experiences at Centara’s Picturesque Maldivian Resorts

EIN Presswire

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Sep. 23, 2026

Chinese Ambassador to the Maldives Kong Xianhua Attends the Opening Ceremony of the Technical Training Program on Fisheries and the Blue Economy

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

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Sep. 17, 2026

Maldives President Denounces Drone Attack Attempt Near Mecca

MENAFN

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Sep. 15, 2026

Maldives, Malaysia Expand Defense, Economic Cooperation

MENAFN

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