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...
STO Will Launch Bunkering Services Mid-Year: Shimad
State Trading Organization (STO) will begin bunkering services — the supply of fuel to marine vessels — by the middle...
Government to Allocate 100-Hectare SEZ for Re-Export SOE
A 100-hectare Special Economic Zone (SEZ) will be set aside, with a view towards economic diversification, for a re-export commercial...
Government to Establish SOE to Foster Economic Diversification
The government has decided to establish a fully state-owned entity, the Maldives Industrial Development Free Zone, with a focus on...
Malé City Council Assumes Management of Municipal Services in Hulhumalé
The government has transferred the management of municipal functions of Hulhumalé from Urbanco to Malé City Council. The decision was...
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...
BML to Increase Withdrawal Limit for Students Abroad to US$1,200
The Bank of Maldives (BML) will increase the maximum withdrawal limit for Maldivians studying abroad from US$750 to US$1,200 per...
Facility Upgrades at Kulhudhuffushi Airport Will Foster Regional Economic Growth: RACL
Regional Airports Company Ltd. (RACL) will work to upgrade the passenger terminal facilities at Kulhudhuffushi Airport, in line with President...
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...
Allied Insurance Appoints Hussain Luwaiz as New MD
Hussain Luwaiz has been appointed Managing Director (MD) of Allied Insurance Company. He has over 21 years of experience at...
