State own enterprises
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NewsPNC MPs frustrated over stalling of projects assigned to SOEs
PNC lawmakers are expressing frustration over stalled development projects assigned to State-Owned Enterprises, questioning their technical capacity. During a committee meeting, members criticized SOEs for negligence and slow communication. While some blame past budgets, MPs noted that even new projects under the current government are failing.
BusinessNew rules allow SOEs to acquire tourism sites by offsetting debt
New regulations allow state-owned enterprises to acquire land for resort development by offsetting costs against government debt. While SOEs must pay acquisition fees in a single lump sum, they can now use outstanding state payables to settle these costs. Subleasing is prohibited, but companies may hire external parties for management.
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State and Deputy Ministers' profiles removed from website
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Mohamed Afeef named Fenaka Managing Director
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ACC unveils five-year plan to combat corruption
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SOEs employ over 42,000 people, 13,000 at risk of unemployment
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Muizzu admits government granted jobs to secure votes
Business
33 percent workforce cut from SOEs after political hiring spree
Business
MIFCO CEO Farhath resigns
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Govt yet to settle outstanding bills to private companies
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SOE employees forced to attend PNC event
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Amendment to allow SOEs to build resorts
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October 3 demonstrators face layoffs from state companies
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SOE employees forced to attend PNC rally
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Govt terminates sponsorships for protesting against bill
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Indebted companies to be excluded from govt projects
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Muizzu meets with ministers and heads of SOEs
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Two ex-MPs get SOE jobs
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"Employees must promote govt to stay in their positions"
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