STO: an exemplar in economic progression
The State Trading Organisation (STO) is a dominant force in the nation’s economic progress with the cooperation of its affiliates, joint ventures, and subsidiaries. Petroleum, cooking gas, building supplies (such as cement and roofing material), pharmaceuticals, home appliances, electronics, supermarket goods, and insurance are among its major and concentrated business activities. The organisation has activities in Singapore as well as developments and operations all throughout the Maldives. This has been accomplished through direct distribution and procurement as well as the creation of joint ventures to trade successfully in regions where there are more opportunities.
