SoEs

FENAKA Corporations dismisses over 700 employees

2 min read
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...

MTTC integrates Male' city ferry services with RTL

1 min read
In a significant stride towards enhancing transportation convenience in the Maldives, the Maldives Transport and Contracting Company (MTCC) has integrated ferry services within the Greater Male' Area with the Rajje...

Urbanco announces USD 259 million dredging project

2 min read
In a significant development, Urbanco has unveiled plans for a substantial USD 259 million (MVR 4 billion) project aimed at reclaiming land for allocation in Hulhumale’, establishing a cruise terminal,...

MACL announces annual bonus totalling MVR 25,000!

1 min read
Employee motivation and satisfaction play a crucial role in the success of any organization. One effective way to enhance these aspects is through the provision of performance-based bonuses. These monetary...