More Than 40 Sacked at FSM as Police Probe Sale of Stolen Fuel, Laundering of Proceeds
More than 40 employees at Fuel Supply Maldives (FSM), a subsidiary of the state-owned State Trading Organization (STO), have been...
Three Charged in MPL-FSM Fraud Case
Three people have been charged in connection with a multi-million Rufiyaa fraud, spanning approximately two years, involving the Maldives Ports...
FSM Increases Fuel Pump Capacity at Kooddoo
Fuel Supply Maldives (FSM) fuel stations at Kooddoo Island in Gaafu Alifu (GA) Atoll, which hosts the main cold storage...
STO Posts Higher Profits in 2023 Despite Volatility in Global Oil Prices
State Trading Organization (STO) saw positive growth overall, despite a revenue decline attributed to the spike in world oil prices...
Mughnee Named Board Member, Ageel to Head PCB
President Mohamed Muizzu has appointed Hamdhy Ageel as the new President of the Privatization and Corporatization Board (PCB). Ageel graduated...
ACC Investigates Alleged Destruction of State Documents During Transition Period
ACC Involves Police in Probe, Fuel Supply Maldives (FSM) Denies Wrongdoing The Anti-Corruption Commission (ACC) has issued a stern warning...
