Muizzu asks SOEs to avoid new investments, projects
Firzul said the companies had to be told not to do anything because the new government now has only 37 days to take over the administration.
By
Ahmed Naif
President-elect Dr Mohammed Muizzu's office on Monday asked State-Owned Enterprises (SOE) to refrain from doing 10 things during the ongoing transitional phase.
Transitional office’s spokesperson Mohammed Firzul Abdullah Haleel holds daily press conferences. At a meeting in M. Dhimyath on Tuesday, he said a letter had been sent to the Privatisation and Corporatisation Board (PCB), the parent body of state-owned companies, on behalf of the president-elect on Monday.
The letter asked companies not to do 10 things, he said. Giving details on the letter, he explained what the companies were asked not to do:
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1-
Announcing any new investment
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2-
Announcing new projects or starting new projects
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3-
Making any new investments
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4-
Lease and sale of any land or property in the possession of the government
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5-
Taking new loans
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6-
A change in the employment structure of companies
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7-
Recruitment of new persons to the jobs of companies and promotion of existing employees
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8-
Issuing any debt waivers
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9-
Amendment of the bylaws of companies
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10-
Changing rules and regulations in-force in companies
Firzul said the companies had to be told not to do anything because the new government now has only 37 days to take over the administration.
Pointing out that in the elections, the people had decided to hand over things to a new government and run the affairs of the country in a new direction, Firzul said it was a contradiction of the peoples’ decision for this government to begin any new projects.
“We don’t believe there is any reason for this government to do these things [new things] now,” Firzul said.
The President-elect has previously asked government agencies and offices not to do certain things. These include not hiring new employees and not starting new projects.
'Have not instructed to stop anything on-going'
Firzul added that although the companies have been asked not to do certain things, they have not been asked to stop any ongoing work.
However, he said he was receiving complaints that the government had stopped the projects in the islands at the behest of the Transitional Office. He pointed out that it was completely untrue.
"The president-elect did not ask to stop anything that is going on, any project. He ordered not to take up new things. It was ordered because it may cause difficulties in implementing the policies of the new government in line with the decision of these people," he said.
