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AGP Executive Report

Last update: 11 hours ago

Monetary Policy Tightening: The Maldives Monetary Authority approved higher bank reserve requirements and expanded open market operations to drain surplus rufiyaa liquidity, with the MRR set to rise from 10.5% to 11.0% from September and a path to 13% by Dec 2027, as the US dollar has strengthened in the local market. Currency Confidence Debate: Former President Abdulla Yameen warned that the rufiyaa’s value has fallen so far people no longer want to save in it, warning of rising black-market dollar rates and a risk to public confidence. Banking & Consumer Promotion: Maldives Islamic Bank is running a daily expo quiz at the Maldives Living Expo 2026 in Hulhumalé, with a chance to win MVR 50,000. Housing & Land Rules: Updated regulations now allow government-majority-owned companies to be allocated land for non-residential purposes, with pricing set by a land valuation committee. Tourism Trade Momentum: Food & Hospitality Asia Maldives (FHAM) 2026 (Sept 7–9) is set to bring 100+ exhibitors and buyers from 120+ resorts, highlighting the Maldives’ push into culinary and hospitality business. Aviation & Cargo: Raya Airways plans a scheduled Penang–Malé freighter service mid-August, aiming to boost cargo capacity in the Indian Ocean corridor. Hospitality Careers: Taj Coral Reef Resort & Spa promoted Ahmed Shujau to Director of Food & Beverage, expanding leadership over restaurants, bars, in-villa dining and banqueting. Marine Conservation: A Maldives social media-led push helped drive a 2020 ban on parrotfish catch, and conservation groups are now scaling up habitat protection efforts.

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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Juggling baking business, studies and sport inspires national netballer Faithmaria Lawrence to strive for excellence

Juggling baking business, studies and sport inspires national netballer Faithmaria Lawrence to strive for excellence

Maldives to host major hospitality trade expo as tourism sector expands

Maldives to host major hospitality trade expo as tourism sector expands

Inside plans for private islands in the Maldives that could be yours... if you have a spare $450million

Inside plans for private islands in the Maldives that could be yours... if you have a spare $450million

Business News | Maldives' Tobacco Tax Reset Highlights Need for Balanced Taxation and Stronger Action Against Illicit Trade, Say Experts

Business News | Maldives' Tobacco Tax Reset Highlights Need for Balanced Taxation and Stronger Action Against Illicit Trade, Say Experts


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Aug. 3, 2026

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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