Privatization and Corporatization Board (PCB)

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MTCC has 6700 employees, most positions are contract-based

MTCC reports a workforce of 6,700 employees, with only 2,500 being permanent staff. Following a merger with the Road Development Corporation, the company’s headcount will grow by over 4,000, establishing a presence on every inhabited island. This expansion comes amid criticism over rapid hiring practices within state-owned enterprises.

1 day ago

Business

Board appointed for new Awqaf Investment company

The Maldives has formed the board for Maldives Awqaf Investment, a new state-owned enterprise led by Chairperson Izzuddin Adnan. The company will manage mosque construction, renovations, and waqf property development through Shari’ah-compliant activities. It holds an authorized capital of MVR 100 million to ensure project sustainability.

4 days ago

Business

Latest

MTCC has 6700 employees, most positions are contract-based

Board appointed for new Awqaf Investment company

Mihad and Sahar removed from MACL board

HDC grants promotions despite directive to cut costs

PSM Chairperson loses board eligibility after winning PNC seat

Sacked SOE staff reinstated after joining PNC

HDC Chairman Ahmed Shaheer removed

HDC appoints defeated ruling PNC candidate to high-level post

SOE employees face dismissal threats over pressure to join PNC

Maarandhoo Council condemns Fenaka layoffs

Protests in Addu City over dismissal of 189 Fenaka employees

Finance Minister Zareer denies political dismissals in SOEs

Youth Ministry makes more political appointments

HDC wage bill hits record high following hiring spree

Tribunal rejects ex-MIFCO CEO’s compensation claim

PCB orders SOEs to cut workforce by 33 percent in three months

HDC commences mass layoffs

Majlis approves Zaina to the PCB

Development Bank Chairperson resigns

Firzul appointed Managing Director of Hajj Corporation