Skip to main content
Wednesday, 28 Oct 2026
Topic Archive

#State Trading Organization (STO)

55 Stories filed
STO's generated biggest profit in their history in 2021
Business

STO's generated biggest profit in their history in 2021

State Trading Organization generated MVR 10 billion as revenue last year, which is their biggest profit in their history. According to STO, that is an increase of 41% compared to 2020. And revenue increased from a quarter to quarter last year. STO's fourth...

STO received ACCA Employer Status
Business

STO received ACCA Employer Status

State Trading Organization (STO) has been granted employer status approved by ACCA. STO stated that the status was received by the company at the professional development level and platinum level of trainee development. The ACCA-approved employer scheme pla...

MIFCO to pack tuna at Mauritius
Business

MIFCO to pack tuna at Mauritius

CEO of State Trading Organization (STO) and Chairman of MIFCO, Hassan Amru has announced plans to pack the remaining fish in Mauritius after packing the fish in Felivaru. According to a tweet by Amru, MIFCO can pack a total of 50 tonnes of fish per day, whi...

STO to provide minimum wage from this month onwards
Business

STO to provide minimum wage from this month onwards

State Trading Organization (STO) has announced that they will pay salaries from this month onwards in accordance with the minimum wage regulation. According to STO, with the implementation of the minimum wage, an additional MVR 14 million will be spent annu...

STO launches "KONE" lift’s promotion at Living Expo
Business

STO launches "KONE" lift’s promotion at Living Expo

State Trading Organization (STO) has launched a special promotion for "KONE" brand lifts. Under the promotion, free installation services will be available upon purchase of the lift. The promotion will be held at the Maldives Living Expo 2021, which will be...

STO introduced “KONE” Elevators and Air Purifiers
News

STO introduced “KONE” Elevators and Air Purifiers

State Trading Organization (STO) has introduced KONE elevators and Air Purifiers to Maldivian market. According to STO, the newly introduced model COP  (Lift Push Buttons) is designed in a way when the hand is placed near the button of the desired floor, wi...

Agents for STO Constructions selected from islands
Business

Agents for STO Constructions selected from islands

Today, State Trading Organization has given agentship today to 22 locals to sell the imported construction materilas of STO Constructions. STO opened the opportunity to become there agents on March 2021. All the parties who have applied for the agentship ar...

STO assigned to bring 96 ambulances.
Business

STO assigned to bring 96 ambulances.

State Trading Organization (STO) has been assigned to bring 96 ambulances by The Ministry of Finance. The agreement was signed by Minister Ibrahim Ameer from Ministry of Finance, Ahmed Naseem from Ministry of Health and Managing Director of STO, Husen Amru...

"Green Concrete" to Introduce by STO
Business

"Green Concrete" to Introduce by STO

Construction Solutions of State Trading Organization (STO) has prepared to introduce "Green Concrete" to Maldives. A notice published by STO Constructions Materials  on "World Environment Day" says that this concrete is environment friendly and reduces up t...

An amount of MVR 60 to distribute as dividend: STO
Business

An amount of MVR 60 to distribute as dividend: STO

State Trading Organization (STO) has decided in there annual general meeting to distribute a dividend of MVR 60 to every share. The annual general meeting was held yesterday through STO e-voting and  682 shareholders participated in the meeting. From the pr...