Business

China demonstrates remarkable economic resilience: Malaysian FM

Published

3 years ago

30/09/2021

MNN

China has shown exceptional economic resilience in the face of the COVID-19 pandemic and other challenges, Malaysian Foreign Minister Saifuddin Abdullah said on Tuesday.

Speaking at an event hosted by the Chinese embassy in Kuala Lumpur to mark the 72nd anniversary of the founding of the People’s Republic of China which falls on Oct. 1, Saifuddin said the country’s dynamic leadership has allowed all its people to share the benefits of its national prosperity.

“The country has demonstrated remarkable economic resilience and development, marking a positive growth outlook at the world level,” he said.

Saifuddin added that bilateral relations between both countries “have never been better” and thanked China for its contributions to Malaysia in the form of vaccines and other assistance.

“As the Chinese proverb says, ‘true friendship is forged in difficulty.’ Since the outbreak of the COVID-19 pandemic, both countries obviously have faced too many tests. I am content that our bilateral relations have become stronger during this difficult time as we came to each other’s aid,” he said.

For his part, Chinese Ambassador to Malaysia Ouyang Yujing said the year of 2021 is a significant milestone for China in having eliminated absolute poverty and celebrating the 100th anniversary of the Communist Party of China (CPC), among others.

He noted that China will supply some 2 billion doses of its COVID-19 vaccines to the world, after having already provided more than 1.25 billion doses of finished and bulk vaccines to over 100 countries worldwide and the COVAX facility.

“Along this momentous journey during the past 72 years, China has kept forging ahead despite challenges and difficulties.

“Standing at this new starting point, China will stay committed to peace, development, cooperation and mutual benefit, expanding friendship and cooperation with other countries, and promoting a new type of international relations,” he said.

KUALA LUMPUR, Sept. 28 (Xinhua)

Business

TMA becomes first Asian operator to receive Havilland Certificate

Published

5 hours ago

08/05/2024

Trans Maldivian Airways (TMA), the world’s largest seaplane operator, receives De Havilland Canada’s endorsement certificate, making it the first operator in Asia to achieve the recognition.

At the official endorsement ceremony held last Sunday, De Havilland’s Chief Executive Officer Brian Chafe awarded the endorsement to TMA Chief Executive Officer A.U.M Fazy.

De Havilland owners Sherry Brideson and Robert McDonald, along with senior representatives of the Canada’s aerospace company and TMA officiated the ceremony.

TMA Chief Fauzy had thanked De Havilland’s continued support with its Twin Otters, elevating the operator’s success.

De Havilland CEO highlighted TMA’s success of completing two million flight cycles, which he added is unprecedented anywhere else.

The Canadian aerospace company affirmed continued support to TMA in future as well.

Source(s): sun.mv

Business

BML announce new MVR 1-mil loan facility without collateral

Published

2 days ago

06/05/2024

The Bank of Maldives (BML) on Monday officially announced the launch of two new home loan products; the Home Build Loan and the Home Equity Loan.

The new loan facilities have been introduced to cater to the growing customer needs for home construction and renovation, BML said.

The new Home Build Loan has been designed to allow individuals to borrow up to MVR 1 million without any additional security. The facility provides a repayment period of over 15 years, which is ideal in renovation projects or larger home construction projects across the Maldives.

The bank also, for the first time, has introduced Home Equity Loan for existing Home Loan and Financing customers. This new facility enables these customers to borrow up to the repaid amount, or the usable equity, of the primary loans. The Home Equity Loan is offered for borrowings of more than MVR 50,000 with a repayment period of 20 years.

Moosa Nimal, the Director of Retail and SME Banking said, “These products are designed to make access to finance easier for our customers across the country.”

“The new Home Build Loan does not require any additional security and will allow customers to build or renovate homes at the most competitive market rates. Our Home Equity Loan offers our existing home financing customers to access usable equity available on their property, at a low rate of just 10%.”

The newly introduced loan facilities are available for BML Islamic customers as well.

Source(s): sun.mv

Business

MIB signs an agreement to expedite business registration process

Published

4 days ago

04/05/2024

Ministry of Economic Development and Trade and the Maldives Islamic Bank (MIB) has entered an agreement, aiming to expedite and streamline the registering services for businesses. The agreement was signed to enhance the quality of services, ensure information security, and facilitate an efficient registration process.

Following the signing of the agreement, Minister of Economic Development and Trade Mohamed Saeed disclosed that customer data can be readily verified with the assistance of the ministry’s Application Programming Interface (API). The minister stated that this would enable businesses to set up bank accounts in a convenient manner. Regarding this, Registrar of Companies Mariyam Waheed underscored the pivotal role API will play in authenticating businesses to customers and expediting in the verification process.

This initiative will significantly benefit individuals accessing online services from the ministry, fostering economic development within the nation. This marks the first agreement of its kind signed by the ministry.