Banking & Finance: President Dr. Mohamed Muizzu inaugurated the Maldives Premier Bank (MPB), launching its mobile app and internet banking, as the ninth licensed bank to start operations; the MMA governor also set a goal to lift Maldivians’ share in senior banking roles to over 80% within five years. Payments Infrastructure: Parliament unanimously passed an amendment to the National Payment System Act to establish a National Payment Switch under MMA, routing designated bank and payment-provider transactions to improve interoperability across cards, wallets, QR and POS. Tourism Tax & GST: MPs are considering a GST amendment that would require foreign tour operators, overseas travel agents and offshore booking platforms to register with the Inland Revenue Authority and charge 17% Tourism GST from Oct 1, 2026. Construction & Tax Policy: Government proposals would double withholding tax on payments to foreign contractors from 5% to 10%, aiming to create a more level playing field for Maldivian contractors. Environment & Waste: Parliament passed a Waste Management Act amendment removing the MVR 2 plastic bag fee on bulk packs over 50 bags, while expanding waste-management planning requirements. Fisheries & Food: Fisheries Ministry designated 10 additional mariculture zones to expand the sector beyond the existing four areas. Aviation & Tourism Promotion: MACL was named official aviation partner for World Travel Awards 2026, with branding support planned at Velana International Airport. Data Security: MTCC filed a police complaint over an alleged leak of sensitive data from the “Male’ Taxi Line” app after service disruptions.