SOE Archives | Maldives Republic

MIFCO Disburses MVR 17 Million in Overdue Payments to Fishermen Amid Protests

Ismail Shakir, 4 months ago

The Maldives Industrial Fisheries Company (MIFCO) has disbursed MVR 17 million to fishermen for fish sold between 24 August last...

Economy

PCB Directs State-Owned Companies to Cut Costs Amid Economic Challenges

Abdulla Shujau, 5 months ago

The Privatisation and Corporatisation Board (PCB) has issued a directive to state-owned companies, urging them to implement stringent cost-cutting measures...

Maldivian fishermen use pole and line fishing method to catch tuna (Photo: MIFCO)

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MIFCO Operations Compromised Due to Poor Finances: Minister Shiyam

Ibrahim H. Shihab, 7 months ago

Maldives Industrial Fisheries Company (MIFCO) is not in a financially viable position to resume purchasing yellowfin tuna catches from fishers,...

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Maldives Needs Urgent Action to Avoid Severe Economic Woes: World Bank

Ibrahim H. Shihab, 8 months ago

The Maldives needs to take urgent action to stave off high debt distress risk and other financial challenges which have...

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Year End Target for SDF US$100 Million: Minister Shafeeq

Ibrahim H. Shihab, 8 months ago

The Maldives’ target is to build up US$100 million in its Sovereign Development Fund (SDF) by the end of the...

Maldives

PCB Removes CEO From Fisheries SOE

Ibrahim H. Shihab, 8 months ago

The Privatization and Corporatization Board (PCB) has removed Ahmed Shamah Rasheed from his position as Chief Executive Officer (CEO) of...

Maldives

MIFCO Looking to Attract Investors and New Business to Maldives Fisheries

Ibrahim H. Shihab, 8 months ago

The Maldives Industrial Fisheries Company (MIFCO) will always look to attract foreign investors to bring in resources, and new businesses,...

Aerial view of the China-Maldives Friendship Bridge. (Photo: Xu Fudi)

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President Muizzu Establishes Development Bank of Maldives Limited

Ibrahim H. Shihab, 8 months ago

President Mohamed Muizzu has established the Development Bank of Maldives Limited (DBM). According to the President’s Office, the President established...