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.
Through its Corporate Social Responsibility (CSR) and Sponsorship Initiatives, STO will finance companies in five different areas in 2022, expanding the range of work the organisation is doing.
STO has assisted educational institutions of atoll schools in the nation with its initiatives towards organising Quran competitions, Art competitions and various forums. Through the years, the organisation had also contributed to the digitalisation of schools by donating TVs. The state entity has also financially assisted in organising the Top Achievers Award by the Ministry of Education for the third consecutive year. In addition to its other efforts, the organisation also provided books to libraries at schools throughout the country.
STO, in its efforts towards community empowerment and building social relations within society, helped by sponsoring staff nights and celebrating holidays like Eid for corporations, healthcare facilities, and other associations. To encourage the artistic talent of regional artists, STO had also sponsored Dhivehi movies and Dhivehi television programs.
STO pharmacies have developed into one of the most dependable elements for healthcare providers in the Maldives thanks to the combined knowledge of professional pharmacists, committed teams of managers, and client support teams. Since 2017, STO Medical Services has held ISO 9001 certification, and it continues to set the bar high by offering ongoing medical education, training courses for healthcare workers, and initiatives to outfit medical facilities with the newest technology. Throughout 2022, STO conducted various forums on the above themes and created awareness among society about the need to adapt to healthier lifestyles.
STO Construction Solutions' commitment to raising client satisfaction holds true with all the goods it offers. The organisation has assisted various NGOs like Kudakudhinge Hiya, healthcare facilities, schools, and councils in their infrastructure needs by providing materials. STO has additionally helped councils on the islands with the construction of kid-friendly parks.
It goes without saying that sports are highly valued in the local community. STO highlighted that most sponsorship requests are also sent by sports communities. In 2022, STO sponsored atoll-level, school-level, and national-level tournaments. Sports including futsal, football, volleyball, handball, athletics, basketball, badminton, and chess received sponsorship. STO was also the title sponsor for Mr Maldives and FAM South League championships. The organisation additionally contributed to children’s sports academies with the aim of fostering the spirit of sports among young children.
STO has reduced its operations to the point where profit and viability matter as much as the need to guarantee widespread access to fundamental necessities at reasonable costs, building on a foundation of strong economic success. STO has evolved into the dynamic organisation that a fast-developing nation needs. The potential of the nation's economy is demonstrated by STO, which has a variety of businesses and is a pivotal entity in the progression of the nation’s economy. As part of its commitment to giving back to the community, STO invites local organisations and governmental bodies to use the sponsorship form, which is managed by STO's CSR, when applying for funding.
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