The managing director of the State Trading Organization (STO) Adam Azim has said that the company will always welcome feedback and criticism from the customers and shareholders of the company.
Adam Azim made this remark in an interview to Miadhu Daily. He said that the company publicizes all their monthly expenses and income transparently. He said that the comments from the people are which develops and shapes the future of the STO.
“Earlier it was issued every three months. Now we are issuing it every month,” he said.
Adam Azim said that up until now no one has directed any question to the company regarding the matter.
STO group, with its subsidiaries, joint ventures and associates, is a national leader in business. It has significant and focused interests in petroleum, cooking gas, construction materials (including cement and roofing material), medical supplies and pharmaceuticals, home appliances, electronics, supermarket products and insurance. The company is geographically diverse with operations and developments throughout Maldives and operations in Singapore. This has been achieved by direct procurement and distribution as well as forming joint ventures to effectively trade in areas where it presents greater opportunity.
STO has set new focus to make a splash in the tourism sector. Ongoing and upcoming projects in this sector are designed to ensure STO becomes a big player in hospitality and start earning its foreign currency in the near future