Fenaka Fined MVR 4.2 Million Over Incomplete EIAs
The Environmental Protection Agency (EPA) has fined the Fenaka Corporation MVR 4.2 million for beginning construction on power plants in...
PCB Status Might Handicap Muizzu’s SOE Appointments
The new administration will need to make appointments to the Privitization and Corporatization Board (PCB) before appointments can be made...
Some SOEs on Chopping Block as Transition Teams Wind Down
The incoming government will re-examine the future of some state-owned enterprises (SOEs), the Spokesperson at the President-Elect’s Office, Mohamed Firuzul...
New Administration Pledges to Address SOE Challenges Without Further Privatisation
Mohamed Firuzul Abdulla Khaleel, spokesperson for President-elect Dr Mohamed Muizzu, has confirmed the incoming administration’s commitment to strengthening state-owned companies...
Mounting SOE Debt Places Significant Strain on State Budget: Finance Ministry
The state has approved approximately MVR 300 million in treasury loans so far this year to meet the cash flow...
Inquiry Launched Into Transitional Impact on State-Owned Enterprises
The State-Owned Enterprises (SOEs) Committee of the Parliament has initiated an inquiry following complaints that directives from the office of...
PCB Revises Transitional Advisory to SOEs
The Privatization and Corporatization Board (PCB) has revised its advisory to state-owned enterprises (SOEs), cautioning them against initiating new projects...
PCB Cautions SOEs From Making Significant Changes, Advises Full Cooperation With Transition Teams
The Privatization and Corporatization Board (PCB) has issued an advisory to state-owned enterprises (SOEs) to not engage, during the transitional...
