AGP Executive Report
Last update: 9 hours agoTax & Trade Policy: Parliament passed GST on services by foreign tour operators and offshore booking platforms, aiming to apply the destination principle, with an estimated MVR 1.61bn annual revenue; it also doubled withholding tax on foreign contractors from 5% to 10% to create a “fairer” bidding environment. Waste & Environment Law: President Muizzu ratified the 1st Amendment to the Waste Management Act, ending double taxation on plastic bags by exempting point-of-sale bag fees and bundles over 50 bags. Infrastructure & Diplomacy: The India-funded Greater Malé Connectivity Project took another step forward as the final bridge segment linking Malé and Villingili was officially set in place, with officials and former FM Abdullah Shahid calling it a symbol of Maldives–India trust. Tourism & Industry: Visit Maldives backed FHAM 2026 (7–9 Sept) to strengthen hospitality, while MATI announced an AI Transformation Programme for tourism and hospitality leaders. Regional Politics/Sport: Maldives President Muizzu congratulated Bangladesh’s newly elected president Mirza Fakhrul; meanwhile, Pakistan-backed panels swept ACC board elections in Bangkok. Public Debate: Former President Yameen warned there’s no economic recovery in the remaining term and criticised moves to curb reporting of black-market USD rates.
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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