The Edition


Without Managing Directors, state companies running below capacity

Ahmed Aiham
27 November 2018, MVT 09:05
President Ibrahim Mohamed Solih during the first cabinet meeting. PHOTO: AHMED HAMDHOON/MIHAARU
Ahmed Aiham
27 November 2018, MVT 09:05

Most state-run companies are reportedly unable to fully function due to delays in appointing Managing Director(MD)s since the recent inauguration of President Ibrahim Mohamed Solih.

While a majority of directors at the 29 state companies have resigned following Solih's presidency, the 11 MDs who did not were promptly sacked. The companies are currently operated under a temporary management.

Maldives Airports Company Limited (MACL), State Trading Organization (STO), Male' Water and Sewerage Company (MWSC), Fenaka Corporation, Island Aviation and Public Service Media (PSM) have yet to be appointed a new managing director.

According to a senior official active in one government company who wishes to remain anonymous, apart from daily tasks, no major work is currently being conducted.

"The mandated daily work is the only work being carried out. [Afterall] without an MD, the rest of the work cannot proceed, right?" said the source.

Public companies are currently working towards achieving the pledges set out by President Solih, meant to be overseen by their respective MDs.

The incumbent has pledged to lower electricity costs, establish a cheap transportation method across the country and more with the collaboration of these companies.

Due to a lack of an official Presidential spokesperson, there has been no response from the administration regarding the matter.

As per local media Mihaaru, senior officials at the President's Office did not answer the phone calls despite numerous attempts to contact them.

President of the Privatization Board Mohamed Nizar, responsible for the appointment of President approved candidates as MDs for the state-run companies, revealed on Sunday that the President's Office has yet to instruct the board to appoint members for the vacant positions.