AGP Executive Report
Last update: an hour agoPublic Finances: The Finance Ministry is due to present the 2027 budget to Parliament on Thursday, after lawmakers approved pay increases that will lift the Speaker’s and Chief Justice’s monthly compensation above MVR 95,000. Trade & Investment: MIFCO signed an MoU to explore exporting frozen whole fish to China, while President Muizzu told a China–Maldives investment forum the country is open to responsible investment. Infrastructure: The relocation of Malé’s commercial port to Thilafushi has begun, part of a USD 250 million project intended to ease congestion and expand cargo capacity. Energy: Minesto and Morteza Capital agreed to explore tidal power projects in the Maldives, which relies heavily on imported diesel. Tourism & Tax: Parliament has advanced a bill to repeal the 17% tax on overseas travel agents and booking platforms; the reversal could forgo about MVR 1.61 billion in expected revenue.
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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