Tax & Trade Policy: Parliament passed GST on services by foreign tour operators and offshore booking platforms, targeting the “destination principle” and projecting MVR 1.61bn annually if implemented. Foreign Contractor Costs: Withholding tax on foreign contractors’ construction payments was doubled to 10% (from 5%), aiming for a fairer bidding environment. Dollar Crunch Response: MMA Governor Ahmed Munawar said a Rufiyaa-only rule for domestic transactions could ease USD shortages if fiscal and monetary fundamentals are kept tight. FX Crackdown: MMA revoked Express Money Exchange’s licence for breaches, as enforcement against illegal USD trading intensifies. Infrastructure & Connectivity: The India-funded Greater Malé Connectivity Project hit a key milestone with the final Thilamalé–Vilimale bridge segment installed, while MWSC plans next year to start subsea water production and pipe supply via the bridge. Tourism & Hospitality: Visit Maldives backed FHAM 2026 (7–9 Sept) and MATI will run an AI transformation programme for tourism leaders. Business & Logistics: MACL opened a tender to lease cargo terminal “cargo office” spaces at VIA, and VIA reported 18,457 tonnes of cargo in Q2. Public Finance: Government deposited MVR 1.3bn into the Sovereign Development Fund this year and spent MVR 9.7bn on debt repayments. Industry & Community: FDC appointed Hassan Faihath as Deputy Managing Director, and the government plans Hulhumalé’s Grand Mosque for the 900-year Islam anniversary.