STO
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BusinessSubsidy 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.
NewsEnforcement alone cannot fix USD crisis, warns economic expert
Economic expert Ahmed Mohamed warns that enforcement and regulation alone cannot solve the foreign currency shortage or the gap between official and market rates. He argues that administrative actions fail to address underlying economic issues, even as the government plans stricter monitoring and increased mandatory dollar conversions.
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Medicine shortages will persist throughout Muizzu's term: Amr
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STO employee dismissed for discussing "Aisha" documentary
Business
STO reports MVR 785 million net profit in 2025
Business
Maldives faces cement shortage
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STO increases petrol and diesel prices
Business
Maldive Gas controls sale of gas cylinders due to low stock
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STO earned MVR 15.5 billion in revenue in 2025
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Risk of major loss after STO runs out of gas imports
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STO to import 23 items as basic commodities
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State pharmaceutical company was established to steal: Amr
Business
STO and Makita celebrate 25 years to their partnership
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Frequent power cuts in Male' due to refueling issues!
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MVR 3.6 million revenue in Q2 for STO
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Onion shipment from India to address shortage
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Sham appointed Chairperson of Fenaka
Business
Concerns mount as global oil prices continue to rise
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DBM has not paid monthly rent for its office building
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