AGP Executive Report
Last update: 8 hours agoState-Owned Companies: STELCO chief Ali Azwar has been named acting head of Fenaka, while MTCC chief Ahmed Saudee takes over at RDC as the government moves ahead with plans to merge both companies to cut costs. Former executives Mohamed Afeef and Ibrahim Nazeem were appointed state ministers. Foreign Relations: President Mohamed Muizzu is due in Pakistan from October 20 to 22, the first visit by a Maldivian president in a decade. Talks are expected to cover trade, health, direct flights and regional cooperation, with about a dozen agreements under discussion. Sovereignty: The government says it will not allow Maldivian territory or waters to be placed under foreign military or operational surveillance. Public Finances: Official reserves fell to $547 million at the end of September, with usable reserves down to $169.8 million; subsidy spending has exceeded its annual budget by MVR 1.37 billion. Rasmale’ Deal: The opposition MDP is demanding full disclosure of the Eagle Hills agreement over 500 hectares and a public referendum, citing gaps between the company’s public information and government statements. Food Security: Muizzu says boosting local farming and reducing import dependence are vital to protect the country from price swings and supply disruptions.
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