AGP Executive Report
Last update: 9 hours agoTourism Bounce-Back: Maldives tourism is regaining momentum after Middle East-linked aviation disruptions, with 122,548 arrivals recorded for the current period—up 2.6% year-on-year (from 119,468). Airlines had cut or paused services, hitting access from key markets, but recent restorations are helping reconnect the destination. Trade & Expo Push: China is using the China–South Asia Expo (June 11–16, Kunming) to deepen business ties, with China–South Asia trade topping $200bn in 2025 and rising 15.8% in early 2026; officials say the expo will support sectors like textiles, jewellery and gemstones, and expand beyond infrastructure into e-commerce and biomedicine. Banking Digitalisation (Sri Lanka): Commercial Bank of Ceylon has enabled PayPal-linked withdrawals via ComBank Digital, letting eligible freelancers and exporters move PayPal earnings into local accounts digitally. Hospitality Tech Watch: RateGain’s APMEA Direct Booking Friction Report 2026 warns hotels are losing direct bookings due to website friction—visibility gaps, slower mobile load times, extra clicks, and trust issues around taxes/fees. Legal Cooperation (Sri Lanka–Maldives): Sri Lanka’s justice committee approved regulations for the Maldives–Sri Lanka mutual legal assistance agreement in criminal matters, covering cooperation on terrorism-related offences and tracing/freeze/forfeit/confiscation of illicit funds. Hospitality Leadership: IHCL appointed Vikas Kumar as Cluster General Manager for Taj Exotica and Taj Coral Reef Maldives.
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