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    STO Posts MVR 785M Net Profit on MVR 16.7B Revenue as Resilience Outweighs Market Headwinds

    May 2, 2026

    Government Expands Subsidized Fuel Stations for Fishermen to Nine Locations

    April 29, 2026

    State Recovers MVR 800M in Outstanding Revenue

    April 29, 2026
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      STO Posts MVR 785M Net Profit on MVR 16.7B Revenue as Resilience Outweighs Market Headwinds

      May 2, 2026

      Government Expands Subsidized Fuel Stations for Fishermen to Nine Locations

      April 29, 2026

      State Recovers MVR 800M in Outstanding Revenue

      April 29, 2026

      Malé Hospitals Move to Strengthen Backup Power Capacity

      April 29, 2026

      Minister Denies Political Motive Behind Gedhoruveriyaa Housing Delays

      April 29, 2026
    • BUSINESS

      STO Posts MVR 785M Net Profit on MVR 16.7B Revenue as Resilience Outweighs Market Headwinds

      May 2, 2026

      Government Expands Subsidized Fuel Stations for Fishermen to Nine Locations

      April 29, 2026

      Malé Hospitals Move to Strengthen Backup Power Capacity

      April 29, 2026

      Dr. Ali Azwar Takes the Helm at STELCO as New Managing Director

      April 28, 2026

      Government Targets 33% Renewable Energy Shift to Cut State Spending

      April 26, 2026
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    Maldives Business TimesMaldives Business Times
    Home » BUSINESS » Page 120
    BUSINESS

    STELCO kicks off cleaning program

    May 23, 2022

    State Electric Company Limited (STELCO) has commenced a cleaning program extending to all of its powerhouses. The utility provider announced…

    BUSINESS

    BML introduces digital wallet on mobile banking app

    May 23, 2022

    Bank of Maldives (BML) on Monday, 23rd May, announced the launch of its new BML Pay wallet on Mobile Banking…

    BUSINESS

    STO supplies concrete for Thilamale’ Bridge test piling

    May 22, 2022

    State Trading Organization (STO) has supplied first batch of concrete required for the test piling of the Thilamale’ bridge. The…

    BUSINESS

    Wärtsilä’s heavy praise on STELCO’s engineers

    May 22, 2022

    One of the most long-standing and prominent names in the energy industry, Wärtsilä has heavily praised the engineers of State…

    BUSINESS

    Expenditure hit MVR12.3bn, deficit at MVR2.03bn

    May 18, 2022

    According to the latest update from Ministry of Finance the cumulative total of state expenditures as of 12th May 2022…

    BUSINESS

    STELCO announce plan for large-scale water manufacturing

    May 17, 2022

    The Managing Director of State Electric Company Limited (STELCO), Mr. Ahmed Shareef has disclosed the corporation’s plan to manufacture bottled…

    BUSINESS

    Planning Minister assures Addu land reclamation to follow schedule

    May 17, 2022

    The Minister of National Planning, Housing and Infrastructure Mr. Mohamed Aslam has affirmed that the planned land reclamation project at…

    BUSINESS

    MTCC to develop Access Improvement Platforms in multiple islands

    May 17, 2022

    Maldives Transport and Contracting Company (MTCC) has been contracted to implement access improvement platforms at six islands in zone 1…

    BUSINESS

    STO posts MVR1.91bn in gross profit for 2021

    May 16, 2022

    State Trading Organization (STO) has reported an annual gross profit of MVR1,917 million (MVR1.9 billion) for the fiscal year of…

    BUSINESS

    Zakat-Al-Mal collections increase by 65%

    May 14, 2022

    Maldives Inland Revenue Authority (MIRA) reports a 65% increment in the national collection of Zakat-Al-Mal. According to the authority, it…

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    BUSINESS

    Government Expands Subsidized Fuel Stations for Fishermen to Nine Locations

    April 29, 2026

    The Maldivian government has expanded subsidized fuel for fishermen to nine service locations nationwide, up…

    State Recovers MVR 800M in Outstanding Revenue

    April 29, 2026

    Malé Hospitals Move to Strengthen Backup Power Capacity

    April 29, 2026
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