State-owned Enterprises

Maldives ditches subsidy reforms, bets on SOE efficiency for budget savings

Economists are skeptical of the new cost-cutting strategy.

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

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

Yameen faction ‘bribed and coerced’ state employees, supporters to attend rally

State employees said they were threatened with dismissal and salary reductions for failure to attend the rally, while people who travelled to Malé from the Maldives’ far-flung atolls were handed white envelopes with cash upon their arrival in the city.

Government owed over MVR250 million in unpaid dividends, audit reveals

“Poor financial record keeping” poses challenges to audit state enterprises: AG

Bill mandating parliamentary approval for Managing Directors rejected