Over MVR 700 Million in SOE Loans Secured With Sovereign Guarantees
The administration has issued guarantees for loans, worth MVR 750 million, to some state-owned enterprises last year, according to the...
FSM Increases Fuel Pump Capacity at Kooddoo
Fuel Supply Maldives (FSM) fuel stations at Kooddoo Island in Gaafu Alifu (GA) Atoll, which hosts the main cold storage...
Fishermen Paid MVR 276 Million, Outstanding Dues Still Remain
Fishermen have been paid MVR 276 million by the Maldives Industrial Fisheries Company (MIFCO), Minister of Fisheries and Ocean Resources...
MIFCO Faces Criticism for Unpaid Dues to Fishermen
Maldives Industrial Fisheries Company (MIFCO) has not paid fishermen, with dues ranging back over two months, for the catch sold...
MIFCO Opens Board Position to Fishermen
The Ministry of Fisheries and Ocean Resources announced that it will be accepting applications for the appointment of a representative...
STO, Allied Transfer All MIFCO Shares to Government
The State Trading Organization (STO) on Wednesday officially transferred 99.9 percent of its shares in the Maldives Industrial Fisheries Company...
Muizzu Reaffirms Pledge to Maintain Skipjack Tuna Buying Rate at Minimum MVR 20 per KG
President Mohamed Muizzu has reiterated his commitment to fulfill the pledge he made to fishermen during his presidential campaign, assuring...
Fisheries, Finance Ministries Consult on Outstanding Dues to Fishermen
The Ministry of Fisheries and Ocean Resources, and the Ministry of Finance have been in consultations to arrange the payment...
MVR 25 per Skipjack Tuna Kilo Untenable: Minister Shiyam
Minister of Fisheries and Ocean Resources Ahmed Shiyam has said that the administration is subsidising MIFCO by increasing the purchase...
MIFCO Denies Plans to Reduce Purchase Price of Skipjack Tuna Despite Financial Strain
The Maldives Industrial Fisheries Co. Ltd (MIFCO) has denied reports in local media that it is looking to reduce the...
