Ensis Fisheries has halted its free ice supply, and analysts say the move highlights structural imbalances in the Maldives' fisheries industry. Analysts attribute the disparity to MIFCO and its supplying vessels receiving subsidized fuel while private processors and their vessels buy at full market rates.
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.
The core issue is that MIFCO procures fuel at subsidized or lower rates, and these discounted prices are also extended to the fishing vessels that sell their catch to MIFCO,
However, private companies engaged in the same industry, as well as the vessels that supply them, are denied these benefits. This constitutes a misuse of taxpayer funds and is a direct violation of the Competition Act enacted by the curren…
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
The decision by Ensis Fisheries to halt its free ice supply has intensified scrutiny over structural imbalances within the Maldives’ fisheries industry
Word for word from the report in The Standard. Open the report