Macl

Maldives state-owned enterprises earned profit of US$97m in Q1 2019

Reduced revenue for MTCC resulted in a net loss of MVR45 million.

Maldives pays US$271m in damages to India’s GMR

The government of the Maldives has paid US$271million in damages to Indian infrastructure firm, GMR, for the abrupt termination of a lucrative contract to develop and manage the country’s main airport.

Yameen accused of ‘sullying GMR’s reputation’

Yameen had claimed that GMR only paid MVR16 million to the government a year whilst MACL generated MVR1 billion in the first year after taking over management of the Ibrahim Nasir International Airport in December 2012.

Singapore firm to advise on airport expansion

Shanghai Airlines starts direct flights to INIA

Yameen bring changes to state institutions following Nazim dismissal

MACL chief says airport dependent on foreign workers

MACL head called to Majlis over expatriate worker issue

MACL ordered to pay nearly MVR1 million in pay discrimination damages

Airport runway resumes operations after fuel leakage shutdown

GMR surprised with decision to give airport development to Chinese firm

MACL staff protest discrimination in annual bonus

Government pays GMR US$ 4 million in arbitration fees

GMR wins arbitration case, tribunal deems airport deal was “valid and binding”

INIA passes inspection to remain part of EU supply chain

MACL deny jet terminal outsourcing rumours

MACL can sue former chairman over GMR airport charge decision, says Civil Court

China’s Sinohydro to build airport apron

GMR arbitration verdict to take up to two months

MH370 sightings in Maldives are not true, reports Malaysian Defence Minister