STO, Makita Mark 25 Years of Partnership in Maldives
State Trading Organization (STO) and Japanese power tools manufacturer Makita celebrated the 25th anniversary of their partnership with a ceremony...
STO Posts Q2 Profit of MVR 163 Million, up 10% Year-On-Year
State Trading Organization (STO) has reported a net profit after tax of MVR 163 million for the second quarter of...
CWEIC to Establish Maldives Office; Appoints Janah Local Chair
The Commonwealth Enterprise and Investment Council (CWEIC) will establish a Hub Office in the Maldives with Mohamed Ali Janah designated...
Hitachi Refrigerators Get ‘Hakathari’ Rating
Hitachi refrigerators sold at State Trading Organisation (STO) stores have been awarded the ‘Hakathari’ rating. The rating, managed by the...
Tourist Card Payments Strain USD Supply
Businesses turn to the black market for their regular dollar influx as the exchange rate yo-yos between MVR18.10 and MVR18.30...
