MIFCO loses MVR 48 million annually to poor fish quality

When the company's operating expenses are added, the net loss is estimated at MVR 1 billion.

18 October 2022

Private fish exporters raise concerns over MIFCO subsidy

Complaints like not being able to catch fish, not getting ice to store fish and not getting the same price for fish are always heard from fishermen.

13 November 2022

FSM to sell discounted fuel to fishermen; credit available

Under the credit scheme, fishing vessels will get 15 days to pay for the fuel.

4 January 2023

MIFCO buys 4 vessels for seasonal fishing

The vessels will be brought to the country by the first or second quarter of next year and will be put into service.

12 December 2022

MIFCO to develop Kanduohgiri as fish packing facility

He said that MTCC has been entrusted with the task of repairing the island’s harbour.

13 December 2022

MIFCO says privatisation will benefit company

Fauzi said MIFCO's purchase of fish from fishermen at above market prices was a huge loss to the company.

14 December 2022

MIFCO to ramp up direct fish exports from Kooddoo facility

Fauzi said that construction of a container yard is also underway in Kooddoo as part of the development work.

12 December 2022

MIFCO bought Funaddu for MVR 22.8m; no funds to develop

"Once we get the money, the company is ready to start operations there. However, we do not know the exact date or time frame when the funds will be disbursed,".

14 February 2023