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MTCC: Public transport busses service will be improved within the next 6 months

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According to the Managing Director of the company Adam Azim, Maldives Transport and Contracting Company (MTCC) will significantly improve public transit bus services within the next 6 months.

Speaking on VTV news channel’s show “Fasmanzaru” Adam Azim stated that, President Ibrahim Mohamed Solih’s government always works one step ahead. With Hulhumale phase two tenants moving in within the next few months, Adam Azim stated that the President notices the importance of a bus system for them by the time they move to Phase two. He further stated that the busses operating under MPL has been transferred to work under MTCC company and that all operating busses in Maldives will be working for MTCC.

Azim further noted that MTCC board members have agreed to bring more vehicles needed for the public transport system, and that the work to accumulate the finances for that project are underway. He noted that President Ibrahim Mohamed Solih’s government works without any discrimination between islands and that within the next 6-8 months, bus systems and ferry systems for Laamu atoll, Addu city, Fuvamulak city and Male’ city will be completed.

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

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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.

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HDFC selling 200-million-rufiyaa Sukuk.

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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.

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

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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.

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