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...
Development Rights at Maldives Economic Gateway Awarded to New Re-Export SOE
The cabinet has granted the development rights at Ihavandhippolhu, under the name Maldives Economic Gateway, to the newly formed Maldives...
STO Launches Annual ‘Ramadan Bazaar’ With Array of Discounts and Prizes
The State Trading Organization (STO) has inaugurated its annual ‘Ramadan Bazaar’, presenting an impressive array of gifts worth MVR 300,000....
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...
Government to Allocate 100-Hectare SEZ for Re-Export SOE
A 100-hectare Special Economic Zone (SEZ) will be set aside, with a view towards economic diversification, for a re-export commercial...
MIFCO Opens Board Position to Fishermen
The Ministry of Fisheries and Ocean Resources announced that it will be accepting applications for the appointment of a representative...
STO, Allied Transfer All MIFCO Shares to Government
The State Trading Organization (STO) on Wednesday officially transferred 99.9 percent of its shares in the Maldives Industrial Fisheries Company...
STO Launches 59th Anniversary Sale Event
The State Trading Organization (STO)’s People’s Choice store has launched a two-day sale to celebrate its 59th anniversary. During the...
STO Initiates Onion Imports, Aims to Control and Stabilise Prices
The State Trading Organization (STO), in a bid to stabilise runaway onion prices in the Maldives, will import and sell...
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...
