AGP Executive Report
Last update: 6 hours agoDollar Rules Debate: Kendhoo MP Mauroof Zakir criticises the government’s plan to require resorts to convert/deposit 40% of USD earnings to the MMA, saying it’s rushed and could worsen the dollar shortage; former President Mohamed Nasheed echoes the warning, arguing the move may hit investor confidence and long-term tourism stability. Expat Banking Push: The Home Ministry amends expatriate employment rules so foreign workers’ salaries and contractual payments must be deposited into bank accounts in their own names (effective after one month), aiming to bring more transactions into the formal banking system and support remittance tax collection. Court on Media Devices: The Criminal Court blocks the return of seized equipment from Adhadhu News while the investigation is ongoing, with a gag order still in place as a High Court challenge proceeds. Housing Finance Update: State Minister Ahmed Nazim says 244 people have received loans under the ‘Hiyaavehi’ low-interest scheme, with 629 more expected to be funded next month. Security & Courts: Parliament receives a bill on seizing criminal proceeds property; separately, the Criminal Court extends detention of an Indian arrested for allegedly using another person’s airport access pass. Sports: FIBA Asia Cup 2029 pre-qualifiers rosters confirmed, with Maldives in Group B alongside Sri Lanka and Kazakhstan. MNDF Medical Aid: A portable hyperbaric transport unit is donated to the MNDF for diving emergency response.
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.
Perspectify News
