Maldives Airports Company Limited (MACL) has decided to take ten steps to decrease their expenditure, in an effort to reduce the overall expenses of the state and support fiscal reforms.

Speaking at a press conference held at the VIP Lounge of Velana International Airport on Sunday, MACL CEO and Managing Director noted that the company will be taking several measures to decrease their expenditure, in line with the government's policy of reducing the expenses of government companies.

Shareef highlighted that it is important that the MACL team informs the people when making such important decisions. He added that it is very important for the success of the move taken by President Dr Mohammed Muizzu.

"The government has introduced measures to reduce expenses. Large companies like us (MACL) must follow this policy. Therefore, the MACL team must inform the people when making such important decisions. MACL has more than 4,000 employees, and has a diverse array of work," Shareef said.

Shareef also stressed that despite the decision to decrease expenditure, there will be no obstacle to the opening of the new terminal, adding that there were no plans of any layoffs.

"Between 10 and 20 percent of the expenses will be reduced in total. Everything combined. We will not cut employees. We will not reduce employees' salaries. Our employees are very important to us," Shareef said.

  • Measures to reduce costs:
  • Expenditure on Oil
  • Expenditure on consumables
  • Cost of water and electricity
  • Cost of transportation
  • Expenses for internal company activities
  • Costs of reducing bank charges
  • Costs of communication
  • Internal inventory costs
  • Costs of holding events

In addition, MACL has decided to bring trainers to the Maldives instead of sending its employees abroad for training and reduce the number of high-level trips made by the company in the coming days, Shareef said.