AGP Executive Report
Last update: 7 hours agoParliament Oversight: The Majlis Public Accounts Committee met in a closed session with Maldives Monetary Authority officials to discuss MMA monetary measures, after a ruling-party MP pushed for secrecy. FX Pressure: Official reserves fell to USD 638.03m by end-July, down from USD 1.33bn in March, as April debt repayments and an India currency swap settlement drained reserves. Dollar Debate: A political commentary argues blame games won’t cut the black-market dollar, citing a gap between the official MVR 15.42 and market levels above MVR 21. Tourism Tax Fight: MPs debated a bill to levy GST on offshore booking platforms and foreign tour operators, with warnings that treating tourism like a “cash cow” could hurt an already struggling sector. Judiciary Appointment: Adam Shameem was appointed Chief Judicial Administrator, taking over the top administrative role at the Department of Judicial Administration. Diplomatic Moves: Jameela Ali Khalid was nominated as Maldives’ new high commissioner to the UK. Search Update: A US Navy P-8A aircraft was spotted flying over the search zone for three missing crew/rescue personnel after the Friend 4 capsized. Tech & Digital Economy: Visit Maldives will host the inaugural Digital Ownership Summit on tokenised assets, while Synetecs launched a major Thaana AI pricing upgrade.
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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