Powering Maldives to $100 Billion-Dollar Economy by 2050
The Maldives has achieved remarkable economic growth over the past 50 years through its strategic focus on tourism, leveraging its...
MIFCO Disburses MVR 17 Million in Overdue Payments to Fishermen Amid Protests
The Maldives Industrial Fisheries Company (MIFCO) has disbursed MVR 17 million to fishermen for fish sold between 24 August last...
MIFCO Operations Compromised Due to Poor Finances: Minister Shiyam
Maldives Industrial Fisheries Company (MIFCO) is not in a financially viable position to resume purchasing yellowfin tuna catches from fishers,...
Government to Leverage Marine Resources to Generate Revenue Through Environmentally Sustainable Ventures
With the sea being one of the Maldives’ main resources, the Mohamed Muizzu administration aims to establish several ventures to...
Fisheries Union Expresses Concern Over Plans to Reintroduce Longline Fishing
The Bodu Kanneli Masveringe Union (BKMU), representing yellowfin tuna fishermen in the Maldives, has voiced apprehension over the Mohamed Muizzu...
Maldives’ Fish Exports Down Over 45%
The Maldives’ fish exports fell 45.7 percent over the first four months of 2024 compared to the same period in...
PCB Removes CEO From Fisheries SOE
The Privatization and Corporatization Board (PCB) has removed Ahmed Shamah Rasheed from his position as Chief Executive Officer (CEO) of...
MIFCO Looking to Attract Investors and New Business to Maldives Fisheries
The Maldives Industrial Fisheries Company (MIFCO) will always look to attract foreign investors to bring in resources, and new businesses,...
Maldives Considers Reviving Longline Fishing: Economic Gains vs. Environmental Concerns
The Maldives is contemplating the reintroduction of longline fishing within its waters, a move advocated by Fisheries Minister Ahmed Shiyam...
Government Looks to End Raw Fish Exports; Focuses on ‘Value-Added’ Fisheries Products
The administration’s outlook is to stop exporting raw fish, Minister of Fisheries and Ocean Resources Ahmed Shiyam said on Thursday...
