STELCO

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Latest

Fenaka offers voluntary redundancy packages for STELCO merger

Fenaka Corporation is offering voluntary redundancy packages with three months' salary as it prepares to merge with STELCO. This move is part of a broader government initiative to restructure state-owned enterprises and reduce the workforce by 33 percent to cut public expenditure. Interested staff must submit their resignations by tomorrow.

1 week ago

Business

Subsidy spending hits MVR 4.1 billion

The Maldives' subsidy spending has reached MVR 4.1 billion, exceeding the annual budget by 43.5%. Rising global oil prices have driven costs for fuel and electricity far beyond initial projections. Despite international advice to shift toward targeted support, the government aims to cut costs by improving electricity generation efficiency.

1 week ago

News

Latest

Fenaka offers voluntary redundancy packages for STELCO merger

Subsidy spending hits MVR 4.1 billion

Private parties to be held liable for cable damage during digs

Fenaka and RDC to be dissolved

STELCO suspends employee following live TV exposure

STELCO exposed on live TV for forcing employees to join PNC

Only seven of 243 Fenaka projects are active: Nazim

Fenaka terminates 12 employees from Veyvah branch

STELCO electrician fired for joining "Job Thursday" rally

Concern as Muizzu regime retaliates with dismissals

Govt begins terminating employees linked to Sobe

Ali Azwar appointed Managing Director of STELCO

STELCO refuses to disclose cost of Ramadan electricity discounts

MWSC gets fired STELCO Chief as new Managing Director

Power cuts at opposition campaign events

ACC investigates Shamah less than 24 hours after dismissal

STELCO Managing Director Shamah sacked

STELCO employee dies due to injuries from electrocution

STELCO employee sustains serious burns at power plant

STELCO gets fired MIFCO CEO as new Managing Director