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A digest of news and opinion from the Maldives.

State Trading Organization (STO)

STO to Hold Annual General Meeting on 30th August 2020

STO to Hold Annual General Meeting on 30th August 2020

2 min read

State Trading Organization (STO) has announced that the Organization will be hosting its annual general meeting on 30th August 2020. The organization has announced regarding the annual general meeting on its official website, along with the introduction of a special portal, for the registration of interested participants. As stated by STO, the organization’s annual general […]

‘eSTOre’ Working on Establishing a Faster Delivery System – STO MD

‘eSTOre’ Working on Establishing a Faster Delivery System – STO MD

2 min read

State Trading Organization (STO)’s Managing Director Hussain Amru has announced that they are working on establishing a faster delivery service within the capital Male’ city amid the lockdown. In a tweet, Amru said that as per the instructions by HPA and Police, eSTOre had to cease it’s operations yesterday (15th April). However, upon getting the […]

STO Assures Adequate Supply of Staple Food Amid COVID-19 Pandemic

STO Assures Adequate Supply of Staple Food Amid COVID-19 Pandemic

1 min read

State Trading Organization (STO) has assured the public that they will maintain an adequate supply of staple food during this challenging time caused by the global spread of COVID-19. STO has also announced that they have arranged storage facilities to further increase its stockpile of staple food. India has also assured that they will maintain […]

STO Announces Lease Assistance to STO Food Court Vendors

STO Announces Lease Assistance to STO Food Court Vendors

1 min read

State Trading Organization (STO) has announced that they will exempt lease of its food court vendors amid the spread of COVID-19 pandemic. STO has stated that as the government has ordered to close all restaurants and cafes, STO food courts will be closed during this state of a public health emergency. Thus to help its […]

itfc sto

ITFC provides STO with a USD100 million financial facility

1 min read

The following article was published on PSM news, the official State Media in the Maldives. International Islamic Trade Finance Corporation (ITFC) has provided State Trading Organization (STO) with a 100 million U.S. dollar financial facility. The agreement of the venture was signed by the CEO of ITFC Nazeem Noordaah and Managing Director of STO Ahmed […]

Save The Beach Maldives ‘Moodhu Majaa’ event to be held on 18 November

Save The Beach Maldives ‘Moodhu Majaa’ event to be held on 18 November

3 min read

Save The Beach Maldives will be hosting its annual event at Villimale’ on the 18th of November 2017. This year, the event has been named ‘Moodhu Majaa’ and in addition to environment and awareness initiatives, it will also feature many educational and enjoyable activities to celebrate the occasion of the NGO’s 10th Anniversary. Moodhu Majaa […]

State Trading Organization (STO) to restructure their pay distribution

State Trading Organization (STO) to restructure their pay distribution

1 min read

State Trading Organization (STO) has decided to evaluate and restructure their pay distribution in order to improve the day to day running of the company. In a press release issued by STO on the 15th of October 2017 stated that with the new pay structure employees will be able to enjoy added sales commissions and […]