AGP Executive Report
Last update: 11 hours agoCross-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.