A digest of news and opinion from the Maldives.
State Trading Organization (STO) has yesterday publicized its Fourth Quarter Report 2020, outlining key statistics of the company. According to the report, STO recorded total revenue of MVR 1,873 million in the fourth quarter of 2020. Its operating profit during the fourth quarter stood at MVR 151 million. Net profit was MVR 91 million during […]
State Trading Organization (STO) has launched STO Wildlife Conservation for creatives to stand a chance to win exciting prizes. The competition was launched with the release of the company’s 2021 calendars featuring endangered and unknown wildlife in the Maldives. According to STO, the aim of the competition is to inspire people to be creative and […]
In the first quarter, over 161000 items were ordered on eSTOre, according to 1st quarterly reports of State Trading Organization (STO). STO 1st quarterly reports 2020 also show that 344,9444 parboiled rice bags, 207,400 wheat flour bags, and 117,580 crystal white sugar bags were imported. In the perishable item section, 27,982 onion bags, 6,110 potato […]
While STO bid 3 types of ventilators, 2 out of the 3 were expensive. However, the other ventilator was the cheapest offered but did not meet the requirements of the project, according to the Health Ministry. Health Ministry has assigned the project of procuring 145 ventilators to two Maldivian companies MedTech and Naad instead of […]
As per the requisition by the government to procure ventilators, it has been revealed that Medtech Maldives proposed the lowest price while STO bid the highest. Medtech Maldives proposed the lowest price for ventilators at MVR 288,914 each. For a total of MVR 14 million for 50 ventilators, Medtech Maldives was handed over the project […]
President Ibrahim Solih has announced that the government is working on introducing a trading platform to provide fresh fruits and vegetables to the public. In a press conference, President stated that farmers have already started farming for Ramadan month, and due to travel restrictions the supply of these products might be difficult. Thus the government […]