State Trading Organization (STO)
14 articles
Latest
BusinessAddu Airport Company's losses climb to MVR 817 million
Addu International Airport Company’s total losses have reached MVR 817 million, resulting in a negative net worth. Despite a threefold increase in revenue from fuel sales, soaring operating costs and regulatory fines led to a MVR 68 million loss last year. The company remains operational through loans from the government and Kasa Holdings.
NewsFormer Deputy Mayor and two others appointed to SOE boards
The Privatisation and Corporatisation Board has appointed former Deputy Mayor Mohamed Areesh and two others to the boards of state-owned enterprises. Areesh joins Maldives Post Limited, while Ismail Farhad Ahmed and Ahmed Imdah Mohamed were appointed to the medical supply corporation and STO, respectively.
News
Addu Equatorial Hospital purchases items at inflated price
Business
List of essential commodities expanded from 26 to 80
News
MP seeks Majlis inquiry into secretive Port Development company
News
HDC Chairman Ahmed Shaheer removed
News
Empty containers on State Shipping vessel lost overboard
Report
Is This BML's Problem or the State's?
Business
State Pharma takes over 194 outlets
News
UN expert highlights critical medicine shortages in Maldives
News
"Medicine shortages a national crisis, must find root cause"
News
Parliament summons government agencies over medicine shortages
Business
STO reports MVR 785 million net profit in 2025
News