Connect with us

Business

China’s Great Wall Motors signs agreement to buy a plant in Brazil

Adam Layaan Kurik Riza

Published

on

China’s top sport utility vehicle (SUV) and pickup manufacturer, Great Wall Motors, has signed an agreement with Daimler AG on the purchase of the German

According to the agreement, the Iracemapolis plant in Brazil will be passed over to Great Wall Motors by the end of this year.

Great Wall Motors said it would convert the plant to allow an annual production capacity of 100,000 vehicles and create nearly 2,000 jobs.

The Hebei-based automaker has enhanced its foreign layout in recent years. Apart from Brazil, the Great Wall Motors Tula plant in Russia was finalized and put into operation in 2019. The company also purchased two GM plants in India and Thailand in 2020.

Meng Xiangjun, rotating president of Great Wall Motors, said the acquisition of the plant in Brazil will hasten its presence in the South American market and will bring further progress in developing the company into a global technology mobility company.

The headquarter is located in the city of Baoding, north China’s Hebei Province, Great Wall Motors owns several SUV and car brands including Haval, Great Wall, WEY and ORA.

Source: Xinhua News Agency

Business

Treetop hospital giving scholarships to nursing students who finish from Villa College.

Avatar

Published

on

By

Treetop hospital gives scholarships to nursing students of villa College to finish their coursework.

Treetop hospital announced that they have decided on this scholarship as a way to motivate students to get higher studies in the medical field. Treetop hospital stated that nursing is an important component of the medical field and they want to raise awareness about it and motivate them more. Students who have done nursing diplomas and undergraduate degree courses will be eligible for this scholarship.

The due date to apply for this scholarship is before September 23rd before 17:00. The scholarship is only open for Maldivian students who are not under any other scholarship when applying. Students who are currently studying, or newly joining villa College will also be eligible to apply for the scholarship before the due date.

Continue Reading

Business

HDFC selling 200-million-rufiyaa Sukuk.

Avatar

Published

on

By

Housing Development Finance Corporation (HDFC) is ready to sell 200-million-rufiyaa Sukuk to get funds for housing-related finance issues.

According to HDFC, it’s been decided that they will sell 1 Sukuk for 1000 rufiyaa. HDFC aims to sell 2 lakh slots of Sukuk. The company will be selling Sukuk worth 2 million rufiyaa, with the persons who buy them to gain 65% profit each month, for 10 years. This is being sold by being registered under the stock exchange.

HDFC noted that Sukuk is being sold so as to expand their services and to conduct investments that fit Islamic sharia laws. This is the 4th time that HDFC is selling Sukuk. HDFC made a profit of 250 million rufiyaa from the previous sales of Sukuk.

Continue Reading

Business

With the help of BML, a new community library established in R. Fainu

Avatar

Published

on

By

Under the Bank of Maldives community service fund, a new public library has been opened in the R. Fainu community center.

With the help of a non-profit body, Fainu Association for Community Endeavors (FACE), BML has established this library in Fainu community center. BML stated that the reason for this project is to grow the love of literature in locals and to build an education society. There is a computer lab built inside the library as well. BML informed that there are 3 computer systems in the library for students to do homework or research projects if needed.

Speaking about this, FACE organizations president Hussain Waheed noted that this public library and computer lab will benefit students who need help with homework, and other students who are studying online courses, and it will be helpful to find reference materials.

BML’s community fund is open to financially help any non-profit organization or person to complete any project they need to benefit the community of that island.

Continue Reading

Trending