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flag Maldives orders state firms to cut staff by 33% to reduce costs.

flag The Maldivian Ministry of Finance has ordered state-owned companies to cut their workforce by 33 percent to reduce costs and improve fiscal discipline. flag The directive, sent to the Privatization and Corporatization Board, requires the ministry to monitor implementation and receive regular progress reports. flag This move follows earlier cost-saving measures, including salary controls and travel cuts, as part of broader efforts to strengthen public financial management.

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