{"id":5306,"date":"2023-02-21T07:20:31","date_gmt":"2023-02-21T02:20:31","guid":{"rendered":"https:\/\/mbt.mv\/?p=5306"},"modified":"2023-02-21T07:20:31","modified_gmt":"2023-02-21T02:20:31","slug":"sto-to-open-outlet-in-hulhumale-phase-ii-ahead-of-ramadan","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=5306","title":{"rendered":"STO to open outlet in Hulhumale&#8217; Phase II ahead of Ramadan"},"content":{"rendered":"<p>State Trading Organization (STO) has confirmed that it is currently working to open an outlet in Hulhumale&#8217; Phase II ahead of the Islamic sacred month of Ramadan.<\/p>\n<p>Ramadan is the ninth month in the Islamic calendar and is observed by Muslims all across the globe as the month of fasting. It is also the month when consumer activities observe a noticeable surge; especially with perishable goods and staple foods.<\/p>\n<p>STO said that it has been receiving complaints from residents of Hulhumale&#8217; over the lack of its outlet on the island. STO&#8217;s Hulhumale&#8217; outlet in Phase I was closed down earlier for renovations and has not opened yet. Moreover, many general consumers have raised concerns over the possible surge in prices of fast-moving or high-demand commodities during Ramadan; such as potatoes, onions, and eggs.<\/p>\n<figure id=\"attachment_5308\" aria-describedby=\"caption-attachment-5308\" style=\"width: 788px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-5308 size-large\" src=\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/02\/WhatsApp-Image-2023-02-20-at-17.42.26-1024x461.jpg\" alt=\"\" width=\"788\" height=\"355\" \/><figcaption id=\"caption-attachment-5308\" class=\"wp-caption-text\">STO Managing Director Husen Amr inspects the currently in-development STO Roadha Mart building | Photo: STO<\/figcaption><\/figure>\n<p>The largest state-owned enterprise and also one of the largest retailers in the country, STO, is currently developing a shop outlet in Hulhumale&#8217; Phase II to alleviate the worries of consumers over possible price surges.<\/p>\n<p>According to Husen Amr, the Managing Director of STO, the new outlet will be opened during Ramadan; coinciding with the end of March. The outlet will provide both wholesale and retail services and will provide all the major products available from its other outlets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Trading Organization (STO) has confirmed that it is currently working to open an outlet in Hulhumale&#8217; Phase II ahead of the Islamic sacred month of Ramadan. Ramadan is the ninth month in the Islamic calendar and is observed by Muslims all across the globe as the month of fasting. It is also the month<\/p>\n","protected":false},"author":4,"featured_media":5307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423],"tags":[],"class_list":{"0":"post-5306","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>STO to open outlet in Hulhumale&#039; Phase II ahead of Ramadan - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=5306\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STO to open outlet in Hulhumale&#039; Phase II ahead of Ramadan - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"State Trading Organization (STO) has confirmed that it is currently working to open an outlet in Hulhumale&#8217; Phase II ahead of the Islamic sacred month of Ramadan. Ramadan is the ninth month in the Islamic calendar and is observed by Muslims all across the globe as the month of fasting. It is also the month\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=5306\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-21T02:20:31+00:00\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=5306#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=5306\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"STO to open outlet in Hulhumale&#8217; 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