AGP Executive Report
Last update: 12 hours agoSovereignty: The government says no Maldivian territory or maritime authority will be handed to foreign surveillance initiatives, amid reports of unauthorised vessels near Malé. Pakistan Visit: President Mohamed Muizzu is due in Pakistan on October 20–22, his first visit in more than a decade; talks are expected to cover regional ties and a proposed medical college and teaching hospital in Hulhumalé. Investment Rules: New rules require at least 25% Maldivian ownership in several foreign-backed sectors, while some activities are reserved for locals. The changes come as scholars and opposition figures raise concerns about the proposed $20 billion Rasmale’ project. Public Finances: State spending reached nearly MVR 36 billion by October 8, up 18% year on year, while tourism tax revenue fell 1.5%. India has reportedly agreed to extend a $320 million currency swap facility for three months. Accountability: Parliament’s Judiciary Committee will investigate the Parole Board’s decision to release convicted drug trafficker Abucha, who was returned to prison after public outcry. Fisheries: Maldivian authorities detained 25 Indian fishermen and seized three boats in the Maldives’ EEZ; their families are appealing for their release.
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