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Bank of Maldives has reported an Operating Profit of MVR 685 million for the Fourth Quarter of 2024. Net Profit amounted to MVR 725 million, up 47 percent on Q3...
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State-owned enterprises (SOEs) in the Maldives play a pivotal role in the economy by providing essential services in sectors such as energy, finance, and infrastructure. However, despite their strategic importance,...
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The Malé Water and Sewerage Company (MWSC) has unveiled a significant upgrade to its e-portal services, marking a major step towards digital transformation and customer convenience. The launch of the...
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The Government of the Maldives has been actively addressing the challenges faced by State-Owned Enterprises (SOEs), with a major focus on reducing their reliance on government funding and enhancing their...
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As the Maldives grapples with a growing debt crisis, the government has recognized the urgent need to enhance the efficiency and profitability of State-Owned Enterprises (SOEs) and government companies. In...
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In recent years, FENAKA Corporation, a key utility provider in the Maldives, has been at the centre of scrutiny due to a series of financial mismanagement issues. The company, which...
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FENAKA Corporation, a government-owned entity in the Maldives, frequently finds itself at the centre of corruption and financial mismanagement allegations. By the end of 2023, the corporation was already embroiled...
