AGP Executive Report
Last update: 4 hours agoBanking & Tourism Finance: Bank of Maldives (BML) launched “Liveaboard Finance,” offering vessel purchase, construction, mechanisation or renovation funding at 9.5% per annum, with the financed vessel as collateral, 30% equity from operators, tenors up to seven years, and repayments accepted in USD. Aviation & Connectivity: MACL opened a new passenger rest and service area at Velana International Airport Terminal 1, adding about 750 sqm of seating plus a 136 sqm children’s play zone and a Bank of Maldives foreign exchange/USD issuance service. Trade & Bilateral Ties: Bangladesh again gifted premium seasonal mangoes to Maldives ahead of Bangladesh FM Khalilur Rahman’s visit, underscoring cooperation across trade, tourism, defence and climate action. Energy & State Enterprise: STO reported USD 18.2m net profit in Q2 2026 (up 71%), driven by higher global oil prices while working with government to keep local fuel prices relatively stable. Legal & Investment Framework: Maldives proposed a new Lagoons and Uninhabited Islands Lease Bill to replace the Uninhabited Islands Act, expanding how lagoons/islands can be designated and leased for tourism, fisheries, industry and development, including foreign investment options. Tourism Marketing: Visit Maldives’ month-long digital campaign delivered 160m impressions, 22m video views and 600,000 website sessions, with targeted market traffic rising up to 54%.
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.
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