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Maldives pres launches firm for small, medium businesses

Fathmath Shaahunaz
21 March 2017, MVT 10:19
The interior of a flower shop. PHOTO: NISHAN ALI/MIHAARU
Fathmath Shaahunaz
21 March 2017, MVT 10:19

President Abdulla Yameen Abdul Gayoom on Monday founded a special company for small and medium enterprises.

In a resolution, the president said that the objective of the 100 percent state-run firm by the name of “Business Centre Corporation Limited” is to manage small and medium enterprises in the Maldives and advance that sector.

According to the resolution, the company’s capital is MVR 50 million divided over five million shares at a rate of MVR 10.

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