A digest of news and opinion from the Maldives.
Maldives Transport and Contracting Company (MTCC) have announced that they have decided to ease the lease repayment conditions of Suzuki and Yamaha engine purchases made by the fishermen. MTCC has stated that they have extended the lease repayment to 3 months from 19th March. They further added they have exempted the finance cost of the […]
Mahaa Jarraafu entering Kulhudhuffushi – Image source: Mihaaru A land area of 6 Hectares has been reclaimed in HDh. Kulhudhuffushi according to Maldives Transport and Contracting Company (MTCC). CEO of MTCC Mr Ibrahim Ziyath gave a statement to Avas, saying that 6 Hectares of land has been reclaimed by now and that the project will […]
Maldives Transport and Contracting Company (MTCC), reported a profit of MVR 17.4 million in the third quarter of 2017. The profit of this quarter is 29% less than that of the second quarter, which was MVR 24.5 million. In its quarterly update published by MTCC, the company revealed that they conducted business worth of 264.6 million in […]
The Maldives Transport and Contracting Company (MTCC)’s Chief Executive Officer Ibrahim Ziyath has said that its mountainous dredger, commissioned by President Abdulla Yameen, will dock at Haa Dhaalu Kulhudhuffushi on the 25th of this month. At a press conference held at MTCC’s head office on Sunday, Ziyath said that the ‘Mahaa Jarraafu’ was crafted within a 15-month […]
In order to obtain over MVR 304 million, MTCC has begun to sell their shares throughout Maldives under their rights issue. MTCC will be selling their shares in Male’ on the 3rd floor of MTCC Tower. By officially launching MTCC Rights Issue, General Manager Ismail Aduham said that over 9 teams will be actively taking […]
Maldives Transport and Contracting Company (MTCC) signed an agreement with Maldives Securities Depository (MSD) whereby MSD was appointed as the service agent for MTCC Rights Issue. According to this agreement, MSD will be responsible for looking after Rights Issue process. Through MSD, the Rights Issue communication between shareholders will be carried out more resourcefully. Some […]