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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 86
    BUSINESS

    STO, MIFCO showcases products at Gulf Food Expo

    February 25, 2023

    State Trading Organization (STO) and Maldives Industrial Fisheries Company (MIFCO); a sister company of STO, has participated in the Gulf…

    BUSINESS

    STO to open outlet in Hulhumale’ Phase II ahead of Ramadan

    February 21, 2023

    State Trading Organization (STO) has confirmed that it is currently working to open an outlet in Hulhumale’ Phase II ahead…

    BUSINESS

    STELCO launches water supply services in Hangnaameedhoo

    February 21, 2023

    State Electric Company (STELCO) has launched water supply services in Alif Dhaal atoll Hangnaameedhoo. The service was launched on Monday,…

    BUSINESS

    Hithadhoo Port suffers more than MVR80mn loss over 11 years

    February 20, 2023

    Hithadhoo Port Limited (HPL) lost MVR85 million by 2020, a recent audit report has revealed. According to the financial audit…

    BUSINESS

    IAS announces pay revision and loan scheme for employees

    February 20, 2023

    Island Aviation Services (IAS) has announced that it will increase the basic pay of its employees. The news was confirmed…

    BUSINESS

    STELCO hosts customer service training program

    February 19, 2023

    State Electric Company (STELCO) hosted a customer service training program last week targeting its staff in Alif Dhaal atoll. The…

    BUSINESS

    Maldives government announces Income Tax exempt list

    February 18, 2023

    The Ministry of Finance announced a list of companies exempt from paying income taxes. The companies, all Indian-based, are contractors…

    BUSINESS

    Sonee Fishing’s “KANDUFOARI” to kick off on Saturday, Feb 18

    February 18, 2023

    Sonee Fishing’s “KANDUFOARI” fishing race kicks off on Saturday, 18th February 2023 with a total of 106 participants from across…

    BUSINESS

    MWSC to establish renewable energy water manufacturing system

    February 18, 2023

    Male’ Water and Sewerage Company (MWSC) has partnered with Hitachi Zosen Corporation and Renewable Energy Maldives to establish a renewable…

    BUSINESS

    STO introduces new Hitachi products

    February 18, 2023

    State Trading Organization (STO) has introduced new products popular home appliances manufacturer Hitachi in the Maldivian market. The new products…

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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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