AGP Executive Report
Last update: 4 hours agoPolice Crackdown on Illegal Forex: Maldives Police set up a hotline for people to report unauthorized foreign exchange dealers, warning that promoting or sharing black-market dollar rates is an offence. Foreign Nationals Detained: Six foreign nationals were arrested over alleged illegal foreign currency trading, with police citing large transaction totals and warning that Maldivians whose accounts were used could face legal action. Economic Pressure Debate: The MDP approved a resolution calling for direct political action against President Dr. Mohamed Muizzu unless economic and fiscal policies are reversed, targeting the 40% foreign currency conversion requirement for resorts. Tourism Tax Compliance: MIRA ordered TGST-registered tourism businesses to report foreign parties selling tourist beds, expanding GST obligations for foreign tour operators and online bed sellers. Oil Subsidy System Tightened: Fishermen must register on the Fahi Hakatha portal to receive fuel subsidies, with vessel-based litre limits and expanded diesel credit locations. Infrastructure Update: AFCONS says the Thilamalé Bridge is designed for around 120 years, with major maintenance expected about once every 20 years. Appointments: Abdulla Faiz was appointed Chairman of MIFCO, while Air Marshal Sandeep Thareja took over as 47th DGAFMS. Public Safety for Children: MP Ahmed Siyam Mohamed urged stronger child-safety measures after two separate tragic incidents in Hulhumalé. Regional Diplomacy: President Muizzu congratulated Norway’s King Haakon VIII and highlighted trust in the Police Service.
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