President Dr. Mohamed Muizzu has blamed businessmen for deliberately halting medicine imports, citing profit margins of up to 2,000 percent that have wasted Aasandha funds. The government has imposed price controls on 250 essential medicines and tasked the State Trading Organisation (STO) with securing supply while introducing procurement and distribution measures.
One outlet so far Only The Standard has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
During a press conference held today at the President's Office, President Muizzu highlighted that some private companies were selling medicines with profit margins soaring up to 2,000 percent.
Word for word from the report in The Standard. Open the report
This is a significant waste of money through Aasandha.
As a repercussion of reducing it, some businessmen intentionally stopped bringing [medicines]. They choked the supply of medicines.
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
some private companies were selling medicines with profit margins soaring up to 2,000 percent
Word for word from the report in The Standard. Open the report
the government has implemented price controls on 250 essential medicines to curb these excessive profits and reduce unnecessary expenditure
Word for word from the report in The Standard. Open the report
