SoEs

MTCC and STO report quarterly profits

2 min read
Maldives companies appear to be recovering incredibly quickly from the financial difficulties caused by the COVID-19 pandemic, as some state owned companies seem to be making a magnificent profit in...

STELCO on becoming a trusted company

1 min read
Established in 1949, the State Electric Company Limited (STELCO) is a wholly owned state enterprise. Before settling on its current name, "state electric company" in 1997, the company had previously...

BML needs to be held accountable

3 min read
On 29 November 2021 the Maldives’ retail economy was virtually brought to a standstill. The Bank of Maldives, while doing some routine upgrades — that the company had failed to...