AGP Executive Report
Last update: 5 hours agoCross-border payments: Maldives Instant Payment System “Favara” has gone live with India’s UPI, enabling real-time transfers from MVR to INR via Bank of Maldives and Maldives Islamic Bank apps. Digital tourism marketing: Visit Maldives’ month-long push across YouTube, Instagram, Google and Yandex delivered 160M+ impressions, 22M+ video views and 600k+ website sessions. Telecom leadership change: Dhiraagu CEO Ismail Rasheed retired after nearly four decades, with Valdemar Ferradaz taking over as CEO. Human trafficking crackdown (tech angle): President Muizzu called for vigilance against “Trapped Behind the Scam,” citing Operation Kurangi, biometric registration and a National Action Plan to tackle online-enabled trafficking. Infrastructure governance: IDS appointed Mariyam Nazleena to its accounting and finance board, bringing IFMIS and SAP implementation experience. Regional resilience training: IOC-UNESCO trained tsunami facilitators across North-West Indian Ocean countries, using local hazard mapping and community-ready indicators. Marine conservation science: A study says drifting fish aggregating devices affect more than half of the world’s protected marine areas, urging tighter limits and better tracking. Sustainability certification: Cora Cora Maldives earned Green Globe Gold (93%) after coral restoration and marine conservation work under its Freedom Footprints programme. Regional finance event: Bank of Maldives will host the ABA General Meeting and Conference in September 2026, focused on “Banking in Asia: Investing to Build Resilience.”
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