Finance Ministry Prioritises SOE Reform, Seeks Foreign and Local Expertise
The Ministry of Finance is looking to recruit at least three international experts, and one local professional, to assist in...
Three Charged in MPL-FSM Fraud Case
Three people have been charged in connection with a multi-million Rufiyaa fraud, spanning approximately two years, involving the Maldives Ports...
MIFCO’s Revised Terms for Foreign Buyers Rejected by Thai Companies; British Buyer Onboarded: MIFCO CEO
The Maldives Industrial Fisheries Company Limited (MIFCO) will only sell their products to companies that agree to specific conditions set...
BML Extremely Uncooperative: PCB President
President of the Privatization and Corporatization Board (PCB) Hamdhy Ageel on Tuesday criticised the Bank of Maldives (BML) for the...
World Bank ‘Country Environmental Analysis’ Suggests Approach Towards MIFCO Shedding Debt, Reaching Profitability
Maldives Industrial Fisheries Company (MIFCO), the wholly state-owned enterprise (SOE) set up to support the local fisheries industry by purchasing,...
HDC Denies Suspending Work on Ras Malé Project
The Housing Development Corporation (HDC) has denied reports that the land reclamation for the Ras Malé development at Fushidhiggarufalhu has...
Ihavandhippolhu Bunkering Project Primed to Begin in Three Weeks: Economic Minister
The Ihavandhippolhu bunkering project in Haa Alifu (HA) Atoll, which will seek to provide new revenue streams to the state...
MIFCO Begins Settling Overdue Payments to Fishermen
Maldives Industrial Fisheries Company (MIFCO) has begun releasing payments to address a total outstanding amount of around MVR 300 million...
Government Borrows US$50 Million via MACL from BML, Pays Out on SBI Treasury Bond
The government, in January, settled a US$50 million (MVR 771 million) treasury bond issued to the State Bank of India...
PCB Urges Standardised Criteria in Maintaining, Disclosing SOE Financial Information
To ensure consistency, comparability and transparency in the reporting of financial information of state owned enterprises (SOEs), the Privatization and...
