Business

Fenaka Corporation awarded to build a 25 ton Ice Plant Sh. Komandoo

Ministry of Fisheries and Agriculture has contracted Fenaka Corporation to build a 25 ton Ice Plant in Komandoo. Managing Director of Fenaka Ahmed Saeed Mohamed signed the agreement on behalf of the company at a ceremony held today and Financial Controller...

Ibrahim Yaafiu · 31 Jan 2022 · 8 reads

STO's generated biggest profit in their history in 2021

State Trading Organization generated MVR 10 billion as revenue last year, which is their biggest profit in their history. According to STO, that is an increase of 41% compared to 2020. And revenue increased from a quarter to quarter last year. STO's fourth...

Ibrahim Yaafiu · 29 Jan 2022 · 9 reads

F. Magoodhoo Land reclamation project awarded to MTCC

Maldives Transport and Contracting Company (MTCC) has been awarded the land reclamation project in F. Magoodhoo. A total of 47.8 hectares of land will be reclaimed under the project, including the land to be required for the airport to be built  in Magoodho...

Ibrahim Yaafiu · 28 Jan 2022 · 11 reads

75% of S. Hulhudhoo Harbour Development Project completed: MTCC

Maldives Transport and Contracting Company (MTCC) has stated that 81% of S. Hulhudhoo Harbour Development Project has been completed.  MTCC also updated on ongoing works stating that construction of the quay wall is currently ongoing, with 89% completion....

Ibrahim Yaafiu · 27 Jan 2022 · 5 reads

MIFCO to introduce a new product during Ramadan

CEO of Maldives Industrial Fisheries Company Limited (MIFCO) Ismail Fauzee has revealed that a new product will be introduced during the month of Ramadan this year. Speaking on a programme aired on PSM's “Raajje Miadhu'', Fauzee noted that MIFCO's lifestyle...

Ibrahim Yaafiu · 27 Jan 2022 · 6 reads

Ooredoo and Dhiraagu given license under the National Payment System Act for the first time

Ooredoo and Dhiraagu have been granted the license to provide payment services in the Maldives for the first time under the National Payment System Act. Maldives Monetary Authority (MMA) has granted Ooredoo a licenseto issue electronic money and a license t...

Ibrahim Yaafiu · 24 Jan 2022 · 12 reads

MTCC made the biggest profit in its history last year.

Maldives Transport and Contracting Company (MTCC) has made the biggest profit in last year in their 41 year history. Statistics published by MTCC show that the company made a profit of MVR 264.45 million from business of MVR 1.96 billion last year. The compan...

Ibrahim Yaafiu · 24 Jan 2022 · 3 reads

Ooredoo Maldives re-opens application for Director post from General Shareholders

Ooredoo Maldives has re-opened the opportunity to apply for the post of Director to represent the general shareholders on the Board of Directors of the Company. Ooredoo opened applications for the board on December 23, 2021. However, Ooredoo noted that shar...

Ibrahim Yaafiu · 23 Jan 2022 · 8 reads

STO received ACCA Employer Status

State Trading Organization (STO) has been granted employer status approved by ACCA. STO stated that the status was received by the company at the professional development level and platinum level of trainee development. The ACCA-approved employer scheme pla...

Ibrahim Yaafiu · 22 Jan 2022 · 7 reads

Ooredoo offers special promotion for residents of Hiyaa flats

Ooredoo launches a special promotion for residents of Hiyaa flats. Under the promotion, for ooredoo supernet new customers will receive routers free of charge. In addition to the router, customers who take a supernet will also receive a landline phone. O...

Ibrahim Yaafiu · 22 Jan 2022 · 7 reads

Muraidhoo Harbour Upgrading project commenced

Maldives Transport and Contracting Company (MTCC) has stated that the company has commenced the Design and Build of Ha. Muraidhoo Harbor Upgrading project. The project was inaugurated by Baarah MP Ahmed Abdulla at a ceremony held today. The ceremony was att...

Ibrahim Yaafiu · 17 Jan 2022 · 5 reads

Sh. Komandoo Football Ground Project inaugurated

Komandoo Football Ground Project developed under the Corporate Social Responsibility (CSR) initiative of Maldives Transport and Contracting Company (MTCC) has been inaugurated.  The project was inaugurated by Minister of Youth, Sports and Community Empowerm...

Ibrahim Yaafiu · 15 Jan 2022 · 7 reads

Komandoo - Mathi Komandoo Connectivity Project commenced

Maldives Transport and Contracting Company (MTCC) has  commenced the land reclamation of Mathi Komandoo and to connect Komandoo and Mathi Komandoo. The project was inaugurated by Economic Minister Fayyaz Ismail at a special ceremony held in Komandoo. The ce...

Ibrahim Yaafiu · 15 Jan 2022 · 7 reads

Health Ministry looking for Contractors to design and prepare BOQ for 4 Tertiary Hospitals

Ministry of Health announced that they are seeking interested parties to design and prepare the Bill of Quantity (BOQ) for the Tertiary Hospitals which are going to be constructed in Kulhudhuffushi City and three other islands.  As per the announcement, Ter...

Ibrahim Yaafiu · 15 Jan 2022 · 8 reads

MMPRC invited Journalists from Japan for familiarization trip in the Maldives

The Maldives Marketing and Public Relations Corporation (MMPRC / Visit Maldives) has invited several journalists from Japan to visit the Maldives on a familiarization (FAM) trip.  This year’s first FAM trip organized by MMPRC will be conducted from January...

Ibrahim Yaafiu · 13 Jan 2022 · 10 reads