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Tag "Maldives Ports Limited (MPL)"

Resignation of ports company head prompts reshuffle

Maldives Ports Limited CEO Mohamed Junaid resigned in the wake of a widely publicised feud with a ruling party lawmaker over a disputed fuel supply deal. He has been replaced by the former managing director of the state-owned Maldives Roads Development Corporation.

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Scandal-ridden ports company under investigation over boat deal

The state-owned Maldives Ports Limited is under investigation by the anti-graft watchdog over the procurement of a small boat badly in need of repairs for MVR5 million (US$65,000). The MPL is also under fire for paying MVR2.9 million as legal fees to a ruling party lawmaker.

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No deal with DP World on Thilafushi port project

The government had said that a joint venture agreement would be signed with the global marine terminal operator in April, but Fisheries Minister Dr Shainee revealed this week that the government’s board of investment decided that DP World’s proposal for the port project would not be beneficial for the Maldives.

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