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...
Inflation Rises in May; SDF Accumulates MVR 519 Million
Inflation rose in May, data released by the Maldives Bureau of Statistics (MBS) has revealed. Prices of goods and services...
Government Ready to Implement Fiscal Reform Programme; SOEs First in Line: Minister Shafeeq
The administration is ready to take the necessary measures to manage the nation’s debt; starting with reforms to state-owned enterprises...
IMF Welcomes Maldives’ Key Initial Steps, Advises Swift Implementation of Fiscal Reforms
The International Monetary Fund (IMF) lauded the decision by the Maldives to raise goods and services taxes (GST), saying the...
Overall Inflation Eases in January; Key Sectors Remain High Year-On-Year
Overall inflation fell 0.17 percent in January this year compared to December last year, according to 2024’s first Consumer Price...
State Earns MVR 332 Million Revenue from Imports and Exports in December 2023
The state earned MVR 332 million from imports and exports over the last month, according to Maldives Customs Service data....
STO Will Launch Bunkering Services Mid-Year: Shimad
State Trading Organization (STO) will begin bunkering services — the supply of fuel to marine vessels — by the middle...
Bunkering Facility Project at Ihavandhippolhu to Move Ahead
The government is reviewing the agreement for the Ihavandhippolhu Atoll bunkering facility project, to provide refuel and services to marine...
STO Reduces Diesel, Petrol Prices
The State Trading Organization (STO), responsible for the majority of fuel imports into the country, has announced a reduction in...
Maldivian Donations Help Supply Fuel to War-Torn Gaza
The Maldives-based humanitarian organisation International Aid Campaign (IAC) has made a significant contribution by donating 20,000 litres of fuel to...
