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…
Government to Clear Backlog of Payments to Fishers Before Ramadan: Fisheries Minister
Minister of Fisheries and Ocean Resources Ahmed Shiyam has assured fishermen that all money owed to them by Maldives Industrial…
Fish Exports Fall Nearly 50% in January
Fish exports fell nearly 50 percent in January, the Maldives Monetary Authority (MMA) said. According to the MMA, fish exports…
