Fenaka Corporation
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BusinessFenaka and RDC to be dissolved
President Muizzu announced the dissolution of Fenaka and RDC, merging them into STELCO and MTCC respectively to streamline operations. Additionally, AgroNet will become a subsidiary of MIFCO. These structural changes aim to reduce government expenditure and improve corporate efficiency through leaner management systems.
NewsHDC Chairman Ahmed Shaheer removed
Ahmed Shaheer has been removed as Chairman of the Housing Development Corporation to be transferred to another state-owned company. He is the third person to hold the position under the current administration. A successor has not yet been named for the role, which oversees several major government housing projects.
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Foakaidhoo residents storm Fenaka office over dismissals
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Protest in Foakaidhoo over dismissal of 13 Fenaka employees
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Maarandhoo Council condemns Fenaka layoffs
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Protests in Addu City over dismissal of 189 Fenaka employees
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Mayor calls on Addu residents to begin anti-govt protests
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SOE employees coerced into signing government petition
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Fenaka dismisses 90 Addu City employees
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Shaheem declines to explain awarding mosque projects to Fenaka
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PNC MPs frustrated over stalling of projects assigned to SOEs
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Only seven of 243 Fenaka projects are active: Nazim
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Parliament orders major Fenaka overhaul to curb corruption
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HDC commences mass layoffs
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MP calls for Fenaka MD to face Majlis over power cuts
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Fenaka terminates 12 employees from Veyvah branch
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MPL Deputy CEO Ibrahim Ziyath resigns
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Muizzu blames MDP govt for decline in number of local fishers
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Attempting to commit a crime is an offence: legal experts
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