{"id":5631,"date":"2023-03-22T07:11:39","date_gmt":"2023-03-22T02:11:39","guid":{"rendered":"https:\/\/mbt.mv\/?p=5631"},"modified":"2023-03-22T07:11:39","modified_gmt":"2023-03-22T02:11:39","slug":"finance-minister-claims-government-monitoring-soe-compliance","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=5631","title":{"rendered":"Finance Minister claims government monitoring SOE compliance"},"content":{"rendered":"<p>The Minister of Finance Ibrahim Ameer has said that the Maldives government is monitoring the compliance of all state-owned enterprises (SOEs).<\/p>\n<p>The minister in a written response to a question from parliament member Ibrahim Rasheed said the state is monitoring if all SOEs were compliant with the Corporate Governance Code.<\/p>\n<p>Minister Ameer further explained that the government implements the policies through a &#8220;Comply or Explain&#8221; approach and regularly monitors the compliance level of SOEs. He said that the Ministry of Finance publishes an annual report detailing reviews of the SOEs and their adherence to the policies.<\/p>\n<p>Currently, there are a total of 32 SOEs operating in various economic segments in the Maldives. These SOEs include fully state-owned and partially-owned companies.<\/p>\n<p>While some of the major SOEs generate significant annual profits, such as the State Trading Organization (STO), Maldives Transport and Contracting Company (MTCC), and Maldives Airports Company Limited (MACL), a few of them conclude their fiscal years with low profit margins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Minister of Finance Ibrahim Ameer has said that the Maldives government is monitoring the compliance of all state-owned enterprises (SOEs). The minister in a written response to a question from parliament member Ibrahim Rasheed said the state is monitoring if all SOEs were compliant with the Corporate Governance Code. Minister Ameer further explained that<\/p>\n","protected":false},"author":4,"featured_media":5632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2428],"tags":[401,1460,1462,1481,1924,1979],"class_list":{"0":"post-5631","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-public-sector","9":"tag-corporate-governance","10":"tag-minister-of-finance","11":"tag-minister-of-finance-ibrahim-ameer","12":"tag-ministry-of-finance","13":"tag-soe","14":"tag-state-owned-enterprise"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Finance Minister claims government monitoring SOE compliance - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=5631\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Minister claims government monitoring SOE compliance - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The Minister of Finance Ibrahim Ameer has said that the Maldives government is monitoring the compliance of all state-owned enterprises (SOEs). The minister in a written response to a question from parliament member Ibrahim Rasheed said the state is monitoring if all SOEs were compliant with the Corporate Governance Code. Minister Ameer further explained that\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=5631\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-22T02:11:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/03\/Minister-of-Finance-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"810\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=5631#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=5631\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Finance Minister claims government monitoring SOE compliance\",\"datePublished\":\"2023-03-22T02:11:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=5631\"},\"wordCount\":167,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=5631#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/03\/Minister-of-Finance-1.jpeg\",\"keywords\":[\"Corporate Governance\",\"Minister of Finance\",\"Minister of Finance Ibrahim Ameer\",\"Ministry of Finance\",\"SOE\",\"State Owned Enterprise\"],\"articleSection\":[\"FINANCE\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=5631#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=5631\",\"url\":\"https:\/\/mbt.mv\/?p=5631\",\"name\":\"Finance Minister claims government monitoring SOE compliance - 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