Past Government’s Price Policy Shuttered Factory – Ensis in Talks with MIFCO, Foreign Firms

Maldivian fisheries company Ensis announced plans to sell or partner for its canning factory in Hulhumalé, blaming unsustainable increases in government-regulated fish buying prices that reached MVR 25 per kilo. The factory, established in 2019 with German Development Bank financing, once employed over 400 workers, including 200 Maldivian women, and exported canned tuna to Europe and America. Discussions are ongoing with state-owned MIFCO, Chinese, and Saudi firms. Ensis criticized false statements about the factory's valuation.

Maldivian fisheries company Ensis announced plans to sell or partner for its canning factory in Hulhumalé, blaming unsustainable increases in government-regulated fish buying prices that reached MVR 25 per kilo. The factory, established in 2019 with German Development Bank financing, once employed over 400 workers, including 200 Maldivian women, and exported canned tuna to Europe and America. Discussions are ongoing with state-owned MIFCO, Chinese, and Saudi firms. Ensis criticized false statements about the factory's valuation.

Maldivian fisheries company Ensis announced plans to sell or partner for its canning factory in Hulhumalé, blaming unsustainable increases in government-regulated fish buying prices that reached MVR 25 per kilo. The factory, established in 2019 with German Development Bank financing, once employed over 400 workers, including 200 Maldivian women, and exported canned tuna to Europe and America. Discussions are ongoing with state-owned MIFCO, Chinese, and Saudi firms. Ensis criticized false statements about the factory's valuation.

This story involves 1 source and may affect public understanding of business / economy.