Government to order companies to reduce salary of top executive

Government has decided to direct companies owned by the government and companies with majority government shares to reduce the salary of their top executive officer, below the salary of government ministers.

President’s Office said in a statement that President Abdulla Yameen has communicated the decision via letter to Finance Minister Abdulla Jihad today.

President’s Office said the letter also instructed the Finance Minister to report back with the implementation of the decision by 3 December, Tuesday next week.