PCB report shows heavy SOE losses

2 days ago

Twelve government-owned companies recorded a combined loss of MVR 281 million in the first quarter of this year, according to figures released by the Privatization and Corporatization Board (PCB).   The Road Development Corporation (RDC) reported the largest loss, amounting to MVR 113.73 million. Island Aviation followed with a loss of MVR 46.36 million, while Fenaka, already facing corruption allegations, posted a