AGP Executive Report
Last update: 6 hours agoMSME Support: From 1 November, BML’s payment gateway will let small businesses accept overseas payments in US dollars. Addu has also been named the first economic zone, with three years of tax and rent concessions for eligible businesses. Public Finances: Opposition MPs say approved pay rises for senior officials will add MVR 40 million in annual costs, as the budget deficit stands at MVR 4.5 billion. Trade and Connectivity: Maldives and Pakistan have signed 20 agreements and set a two-year goal to lift trade from about USD 13.9 million to USD 200 million; direct flights are also planned. Tourism and Climate: IUCN warns that 96% of tropical and subtropical reefs face a high risk of collapse within 50 years, threatening the reefs that underpin Maldivian tourism, fisheries and coastal protection.
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