AGP Executive Report
Last update: 8 hours agoTourism: Maldives launched its “Visit Maldives Year 2027” campaign at WTM London, aiming to connect resort tourism with local communities. The country is targeting 2.5 million visitors and 14.5 million bed nights next year. But Pulse Hotels chief Mohamed Khaleel warns the proposed 17% tax on overseas travel providers has damaged trade confidence, and recovery could take years, despite plans to repeal it. Investment and dollars: Economic Minister Mohamed Saeed says 313 foreign investments were registered in the government’s first three years. Bank of Maldives has also enabled businesses and MSMEs to receive USD payments, easing a key constraint on trade. Public finances: The proposed MVR59.7 billion 2027 budget is expected to run a deficit above MVR9 billion, even as the government targets a USD100 million increase in reserves. Healthcare investment: Kuwait Fund signed a KD3 million (about USD10 million) loan toward a USD19.2 million hospital on Vymandhoo; construction is expected to take three years.
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