A digest of news and opinion from the Maldives.
In 1998, Mifco introduced the Fasmeeru brand to provide value-added fish products to the local market. The brand has already gained wide market acceptance locally and is marketed around the concept of offering healthy nutritional products packed and processed at the best available hygiene and safety standards and offered at affordable prices. Here are the […]
Maldives Industrial Fisheries Company Ltd (MIFCO) announced that it has resumed home delivery services on the 6th of July 2020. According to MIFCO, ordering and delivery services are commencing again with regards to new rules and administrative procedures. Orders can be placed between 9 am to 3 pm on working days. To place order customers […]
MIFCO has announced they are looking to expand their products into new potential markets. The company has already held discussions with several new potential customers, and fish exporters. MIFCO’s Managing Director Ismail Fauzi said the company had already begun working on expanding into the Turkish and Canadian market. Currently, canned fish products exported to European […]
MIFCO has brought changes to opening hours of its stores in Male’ City and Hulhumale’ amid the COVID-19 pandemic. MIFCO has changes its working hours in regard to the curfew set by the government and HPA to contain the virus. MIFCO stores will open from Saturday to Thursday. All the stores will be closed on […]
MIFCO has announced that they have commenced delivery services of its canned tuna amid the spread of COVID-19 pandemic in the Maldives. MIFCO has stated that they have outsourced its delivery services and only canned fish will be delivered. They further stated that even if a customer orders just one case of canned tuna they […]
The finance ministry has loaned MVR46.3 million (US$3 million) to the State Trading Organisation to prop up its subsidiary fisheries company. The debt-ridden Maldives Industrial Fisheries Company was incorporated under the umbrella of the STO group, the largest state-owned enterprise and the country’s primary wholesaler, in October last year. According to the finance ministry, the loan is intended to […]
Maldives Industrial Fisheries Company (MIFCO) celebrates 24 years of service in production, processing and marketing of fish and fish products. Established in 1993, the company was relocated as a subsidiary of State Trading Organization (STO) in September 2016 by the Maldives Cabinet. One of the key manufacturers and exporters of frozen fish and fish products […]