AGP Executive Report
Last update: 8 hours agoRegional Infrastructure: MTCC says F. Magoodhoo airport, a MVR 232 million project, is the first of the airports under development expected to be completed soon. Banking: Bank of Maldives posted a record MVR 1.93 billion profit for the first nine months of 2026, up 26% year on year, and issued MVR 12.1 billion in new loans. It also supplied customers with USD 722 million in foreign currency as demand continued to grow. Investment: Eagle Hills chairman Mohamed Alabbar says the proposed Rasmalé development could create 40,000 construction jobs and 15,000–18,000 permanent positions; the project remains under public debate. Business Rules: The government warned foreign-owned wholesale, retail and logistics firms that enforcement will follow if they fail to meet new investment requirements. Credit Outlook: Moody’s upgraded the Maldives’ rating to Caa1 with a stable outlook, citing debt repayments.
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