MACL paid a bonus of MVR 25,000 to each of its over 3,000 employees for the second consecutive year, totalling MVR 75 million, after reporting a 20 percent profit increase to MVR 1.1 billion in 2023. The company was also the first state-owned firm to announce cost-cutting measures, a 20 percent reduction across 10 areas in June.
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has paid a bonus of MVR 25,000 to each of its over 3,000 employees for the second consecutive year, amounting to a total payout of MVR 75 million
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has paid a bonus of MVR 25,000 to each of its over 3,000 employees for the second consecutive year, amounting to a total payout of MVR 75 million
Word for word from the report in Maldives Republic. Open the report
has paid a bonus of MVR 25,000 to each of its over 3,000 employees for the second consecutive year, amounting to a total payout of MVR 75 million
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The bonus reflects the company’s strong financial performance, with a 20 percent increase in profit last year.
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posted a profit of MVR 1.1 billion in 2023, a significant rise from the MVR 868 million profit recorded in 2022
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a significant rise from the MVR 868 million profit recorded in 2022
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In June, the company announced a 20 percent reduction in costs across 10 areas, in line with broader efforts to ensure long-term financial sustainability.
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In June, the company announced a 20 percent reduction in costs across 10 areas, in line with broader efforts to ensure long-term financial sustainability.
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In June, the company announced a 20 percent reduction in costs across 10 areas, in line with broader efforts to ensure long-term financial sustainability.
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The Public Corporations Board (PCB) recently issued a circular advising government companies to reduce their overall expenditure, including travel and employee-related costs.
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