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 Releases Onion Shipment to Stabilise Prices Amid Supply Disruptions
State Trading Organization (STO) has released a shipment of onions into the local market as part of efforts to stabilise...
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...
STO Bunkering Venture Generates MVR 124 Million Since Launch
The State Trading Organization (STO) has generated MVR 124 million in revenue from its bunkering operations since the service was...
STO Chairman Amir Mansoor Hits Out at Government’s New Foreign Exchange Rule
Prominent businessman and State Trading Organization (STO) Chairman Amir Mansoor has criticised the government’s new foreign exchange regulation, declaring he...
Maldives Inks Economic Gateway and Free Zone Framework Agreement With Singapore-Based Firm
The Maldives has signed a framework agreement with Singapore-based investment firm Capital Asia Investments to establish a port and other...
Fuel Facility at Funadhoo Will Relocate to Thilafushi Instead of Maagiri Falhu: STO
The fuel storage facility at Funadhoo Island in Kaafu (K.) Atoll will be moved to K. Thilafushi instead of K....
Muizzu Administration Seeks $70 Million Loan From Swiss-Based Vitol Group
The Maldivian government has approached the Vitol Group, a Switzerland-based Dutch multinational energy and commodity trading company, for a $70...
Bunkering Will Not be Profitable for the Maldives: Ex-President Yameen
The bunkering service launched Thursday at Haa Alifu (HA.) Atoll will not generate profits for the Maldives, former President Abdulla...
Bunkering Services Launched After Multiple Delays
The long-postponed bunkering service, touted by the Mohamed Muizzu administration to expand the Maldives economy by US$400 million annually, finally...
