STO

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Latest

High Court rules Mediquip can seek damages from IGMH

The High Court ruled that Mediquip Maldives can seek damages from IGMH for breaching a contract to purchase laboratory reagents. The court rejected the state's argument that the deal lacked legal consideration, noting the hospital bought supplies from another vendor while using Mediquip's free equipment.

6 days ago

Business

Subsidy spending hits MVR 4.1 billion

The Maldives' subsidy spending has reached MVR 4.1 billion, exceeding the annual budget by 43.5%. Rising global oil prices have driven costs for fuel and electricity far beyond initial projections. Despite international advice to shift toward targeted support, the government aims to cut costs by improving electricity generation efficiency.

4 weeks ago

News

Latest

High Court rules Mediquip can seek damages from IGMH

Subsidy spending hits MVR 4.1 billion

Enforcement alone cannot fix USD crisis, warns economic expert

Medicine shortages will persist throughout Muizzu's term: Amr

STO employee dismissed for discussing "Aisha" documentary

STO reports MVR 785 million net profit in 2025

Maldives faces cement shortage

STO increases petrol and diesel prices

Maldive Gas controls sale of gas cylinders due to low stock

STO earned MVR 15.5 billion in revenue in 2025

Risk of major loss after STO runs out of gas imports

STO to import 23 items as basic commodities

State pharmaceutical company was established to steal: Amr

STO and Makita celebrate 25 years to their partnership

Frequent power cuts in Male' due to refueling issues!

MVR 3.6 million revenue in Q2 for STO

Onion shipment from India to address shortage

Sham appointed Chairperson of Fenaka

Concerns mount as global oil prices continue to rise

DBM has not paid monthly rent for its office building