Utility Stores Corporation shutters down operations at all outlets |
The Utility Stores Corporation (USC) on Thursday formally ceased operations, in compliance with the July 31 deadline established earlier this month to close the state-owned enterprise (SOE).
Established in 1971, USC was an SOE tasked with supplying essential commodities at subsidised rates, primarily targeting low-income households. It operated over 4,000 retail outlets nationwide.
According to a USC notification from the Ministry of Industries and Production, available with........