{"id":7444,"date":"2023-12-05T21:14:51","date_gmt":"2023-12-05T16:14:51","guid":{"rendered":"https:\/\/mbt.mv\/?p=7444"},"modified":"2023-12-05T21:14:51","modified_gmt":"2023-12-05T16:14:51","slug":"mifco-becomes-100-state-owned","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=7444","title":{"rendered":"MIFCO becomes 100% state-owned"},"content":{"rendered":"<p>Maldives President Dr. Mohamed Muizzu has announced his decision to convert Maldives Industrial Fisheries Company Limited (MIFCO) into a 100% state-owned enterprise.<\/p>\n<p>The announcement was made during a press conference held following the recent cabinet meeting. During the presser, President Dr. Muizzu shared important decisions taken by the cabinet.<\/p>\n<p>While highlighting the element in his manifesto to boost the fisheries sector, President Muizzu emphasized the transformation of MIFCO into a fully government-owned entity. In line with this commitment, the cabinet resolved to terminate its status as a subsidiary of State Trading Organization (STO).<\/p>\n<p>The strategic move is focused towards bolstering the fisheries sector, by elevating MIFCO into an autonomous state-owned company, with its full discretion to operate. The move would also expedite the realization of commitments made to the fishers, and reinforce the government&#8217;s dedication to the sector&#8217;s growth.<\/p>\n<p>The Minister of Fisheries and Ocean Resources Ahmed Shiyam said that the paper has been drafted on establishing MIFCO as a separate company. He added that the ministry is now working with relevant stakeholders and the President&#8217;s Office to separate MIFCO from STO, and grant it a separate legal entity&#8217;s status.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maldives President Dr. Mohamed Muizzu has announced his decision to convert Maldives Industrial Fisheries Company Limited (MIFCO) into a 100% state-owned enterprise. The announcement was made during a press conference held following the recent cabinet meeting. During the presser, President Dr. Muizzu shared important decisions taken by the cabinet. While highlighting the element in his<\/p>\n","protected":false},"author":4,"featured_media":7445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423,2428],"tags":[678,679,1309,1346,1446],"class_list":{"0":"post-7444","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-public-sector","9":"tag-fisheries-industry","10":"tag-fisheries-sector","11":"tag-maldives-industrial-fisheries-company-mifco","12":"tag-maldives-president-dr-mohamed-muizzu","13":"tag-mifco"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MIFCO becomes 100% state-owned - 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=7444\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MIFCO becomes 100% state-owned - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"Maldives President Dr. Mohamed Muizzu has announced his decision to convert Maldives Industrial Fisheries Company Limited (MIFCO) into a 100% state-owned enterprise. The announcement was made during a press conference held following the recent cabinet meeting. During the presser, President Dr. Muizzu shared important decisions taken by the cabinet. 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