AGP Executive Report
Last update: 8 hours agoTourism & Connectivity: Maldivian has opened a Beijing office as it expands in China, which accounts for 19% of tourist arrivals so far this year. Tourism Taxes: Parliament has accepted a bill to repeal the tax on foreign tour operators and booking platforms, following industry opposition to a measure expected to raise MVR 1.6 billion annually. Business Compliance: MIRA has set phased deadlines for tourism businesses to integrate with its Green Information System, while the MMA says foreign-exchange conversions are due by October 28. SME Finance: BML plans to launch a payment gateway on November 1, allowing small businesses to accept overseas payments in US dollars. Public Spending: A parliamentary committee is reviewing state health insurance, including Aasandha, to find a more sustainable and equitable system. Trade Links: Maldives and Pakistan have agreed to pursue $200 million in bilateral trade within two years and plan direct flights.
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