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AGP Executive Report

Last update: 11 hours ago

Cross-border payments: Bank of Maldives (BML) has revised its FX Investment scheme so both principal and returns are paid in US dollars, while customers must convert the principal back to MVR at the official rate at maturity. Banking & property: Maldives Islamic Bank (MIB) has reopened the auction of Ma. Kudhimagooge in Male’ with a reduced starting price of MVR 11.65m; bids open until next Wednesday. Tourism & aviation: Velana International Airport (VIA) and the Maamahi Executive Lounge have both been nominated at the 2026 World Travel Awards for Indian Ocean top honours, with voting now open. Hospitality trade: Food & Hospitality Asia Maldives (FHAM) 2026 returns Sept 7–9 at the Manhattan Grand Hotel in Hulhumalé, with 100+ exhibitors and buyers from 120+ resorts/hotels expected. Healthcare supply: StatePharma has started a long-term collaboration with AstraZeneca to strengthen procurement and improve access to essential medicines. Regulation: Maldives Food and Drug Authority (MFDA) warns that unauthorized supplements remain available in stores and on social media without proper registration, urging consumers to check labels and warnings. Economy & governance: President Muizzu urged stronger integrity, accountability, transparency and “every dollar” accountability at the SIDS Supreme Audit Institutions symposium, linking it to resilient states and healthier economies. Business & jobs: Maldives’ Engineers Award nominations are open until Aug 20, covering 10 categories including young and women in engineering.

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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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

Maldives’ Tobacco Tax reset highlights need for balanced taxation and stronger action against illicit trade, say experts

Maldives’ Tobacco Tax reset highlights need for balanced taxation and stronger action against illicit trade, say experts

British entrepreneur ranks world's most exclusive holiday destinations - branding the Maldives 'a honeymoon factory' and saying classy people left Santorini 'years ago'

British entrepreneur ranks world's most exclusive holiday destinations - branding the Maldives 'a honeymoon factory' and saying classy people left Santorini 'years ago'


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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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