A digest of news and opinion from the Maldives.
State Trading Organization (STO) has appointed Mohamed Nizam as its new Chief Financial Officer (CFO). Prior to his appointment, Nizam was the General Manager, Procurement at STO. Abdulla Mohamed, Spokesperson for STO said that Nizam was appointed to the role following the resignation of Mohamed Mihad, the previous Chief Financial Officer at STO. Mohamed Mihad, […]
During the virtual Annual General Meeting (AGM) held on 29th August, State Trading Organisation announced their decision to distribute MVR 58 per share as dividend for 2019. The allocation was finalized by 99.99 per cent of participants at STO’s virtual Annual General Meeting (AGM). As per 2019 statistics, STO recorded MVR 303 million as revenue […]
State Trading Organization (STO) stated the organization has sent 28,124 sacks of staple food to islands across the country, last month. STO functions efficiently in providing staple food to the islands, without them having to experience difficulties in obtaining day to day foods. According to the organization, they have been putting efforts in supplying staple […]
A customer pictured at an FSM fuel shed in Male. PHOTO/MIHAARU State Trading Organisation (STO) on Sunday raised the prices of petrol and diesel by 35 laari (MVR 0.35) per litre and 44 laari (MVR 0.44) per litre respectively. The company stated the price hike is in accordance with the changes in fuel rates in […]
Annually held year-end promotion of STO Home Improvement, “Year End Super Sale” began on 12 November 2017. The promotion will go on from 12 November 2017 to 11 January 2018 at STO Home Improvement and STO regional outlets. During the promotion customers who purchase goods worth MVR 1000 and above, will receive a coupon. The […]
State Trading Organization (STO) has signed as a platinum sponsor for the Maldives Investment Forum (MIF), which is to be held in Dubai on 18th December 2017. The documents were officially signed by General Manager of Business Development Mr Muslih Maseeh on behalf of STO and Deputy Minister Mr Adam Thaufeeq on behalf of Ministry […]
The STO’s oil tanker named “Guraab” that was run aground a reef in Lhaviyani atoll on October 16, 2017. PHOTO / MNDF Maldives National Defence Force (MDF) has rescued the oil tanker that ran aground a reef in Lhaviyani atoll on Monday morning. MNDF revealed that the State Trading Organization (STO)’s oil tanker was rescued […]
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 […]
Product tanker GURAAB, IMO 8221961, dwt 1907, built 1983, flag Maldives, owner State Trading Organization (STO).The STO’s oil tanker named “Guraab” that was run aground a reef in Lhaviyani atoll on October 16, 2017. PHOTO / MNDF An oil tanker of State Trading Organisation (STO) early on Monday morning ran aground a reef near the […]