The Cabinet approved a Ministry of Finance paper setting out policies to restructure and possibly privatise state-owned enterprises, including reviewing SOE classification, governance, subsidies and public offerings. The Cabinet decided to implement the measures within three months, while companies have up to the first six months of 2025 to improve management before decisions on restructuring, merging or liquidating them.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Principal Secretary to the President on Public Policy Abdulla Nazim Ibrahim confirmed during a press conference at the President's Office on Sunday.
Word for word from the report in Maldives Republic. Open the report
President Mohamed Muizzu and cabinet members during a meeting held on 14 January 2024.
Word for word from the report in Maldives Republic. Open the report
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
The Ministry of Finance clarified that the state has a stake in 32 companies, of which only a limited few are financially viable while most continue to operate at a loss — and funded from the state budget.
Word for word from the report in Maldives Republic. Open the report
The Ministry of Finance submitted a cabinet paper proposing policies with a view towards ensuring the profitability of SOEs and, as such, the Cabinet decided to implement the policies presented in the paper, Ibrahim said.
Word for word from the report in Maldives Republic. Open the report
