Meridiam owed STO for fuel released on credit in 2010.
Reduced revenue for MTCC resulted in a net loss of MVR45 million.
The State Trading Organisation has reduced the prices of staple foodstuff to rates before a hike caused by a subsidy cut in 2016.
The changes were prompted by price increases in the global market, the State Trading Organisation said. The prices of crude oil presently stand at US$48.6 per barrel,...
The ministry of housing and infrastructure awarded projects to two state-owned companies yesterday to develop an "industrial village" and a foodcourt in Malé's southwestern harbour.
The State Trading Organisation (STO) has warned its customers not to use flour that contains impurities. An STO media official said samples from the contaminated batch...
A man was injured in a lightning strike at sea near the capital Malé at 12:15pm today. He suffered injuries to his head and ears and...
"There is absolutely no shortage. We are operating out petrol stations at normal hours, but only rationing petrol because some people are buying petrol in bulk,"...
