SOE Rights Upheld Amid Downsizing, PNC Members Claim
PNC members in the People's Majlis state that SOE staff reductions are being conducted legally, ensuring all rights and benefits are provided.
New Directors Appointed to Four State-Owned Enterprises
The PCB appoints four new directors with expertise in finance to the boards of HDC, Island Aviation, FDC, and the Maldives Hajj Corporation.
Ahmed Niyaz Dismissed as MTDC Managing Director
The Privatization and Corporatization Board has removed Ahmed Niyaz from his position as Managing Director of MTDC, effective immediately.
New Directors Appointed to Three State Enterprises
The Privatization and Corporatization Board (PCB) appoints new directors to the boards of MIFCO, MFMC, and the Business Center Corporation.
PCB Mandates Standardized Overtime Pay for SOEs
The Privatization and Corporatization Board mandates a standardized 48-hour work week rule for overtime pay across all state-owned enterprises.
Mohamed Nizar Appointed as President of the PCB
President Dr. Mohamed Muizzu appoints corporate veteran Mohamed Nizar as the new President of the Privatization and Corporatization Board.
Four New Members Appointed to Visit Maldives Board
The Privatization and Corporatization Board has appointed four new directors to the board of the Maldives Marketing and Public Relations Corporation.
Hussain Shafeeq Appointed as Managing Director of MPL
Hussain Shafeeq has been appointed as the new Managing Director of Maldives Ports Limited (MPL) following the resignation of Mohamed Rishwan.
