Maldives sees first fuel price cut in almost a year

According to a notification issued by the STO Monday morning, petrol prices will be reduced by MVR 0.83 per litre and diesel by MVR 0.62 per litre.

1 May 2023

SOE balance sheets: Reality far from rosy headlines

"Financial matters are not at their best in state-run companies. We are trying our best to rectify them," Asim said.

7 February 2023

Green Fund used to address coconut shortage

The agriculture ministry has since brought in 5,000 coconut palms to the Maldives from the Indian state of Kerala.

9 April 2023

HDC says stalled city hotel still STO property

At least USD 20 million (MVR 307.2 million) was expected to come from the proceeds from the sale of the hotel.

22 February 2023

HDC hands over unfinished Hulhumalé hotel to private developer

According to HDC, the hotel will be operated under the name Manhattan Grand Hotel with 50 percent foreign investment.

21 August 2025

STO to build shopping mall in Hulhumale Phase II

An STO spokesperson told Atoll Times on Tuesday that an agreement will be signed with HDC, which oversees Hulhumale development, soon.

14 February 2023

STO stock price surges to record highs

According to stock market data, STO shares have been trading at MVR 1,000 since the second half of the year.

19 December 2022

2 FSM barges on maiden voyage from Egypt held in Eritrea

"It's not easy to get in touch with them, it's a little tricky. But the vessel is located through the tracker," Gasam said.

17 May 2023