Mafia behind soaring cement price. Constructions must be stopped for three months (VIDEO)

Date:

The constructions in Sri Lanka should be stopped for the next three months to prevent the soaring of cement price as it is being handled by a trade mafia run by importers, said Susantha Liyanarachchi, Chairman of the Sri Lanka National Construction Association, speaking to media today (26).

The construction industry has already collapsed due this trade mafia and as of now all government constructions carried out by them have been ceased, he revealed, adding that the cement price is soaring without any regulation.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Colombo’s Apartment Boom Defies Old Myths, Drives Investor Gains

By:Staff Writer August 12, Colombo (LNW):Once dismissed as incompatible with...

Sri Lanka Tourism Tops $2B; Migrant Remittances Boost Economy

By:Staff Writer August 12, Colombo (LNW): Sri Lanka’s tourism earnings...

CEAT Named Sri Lanka’s Most Valuable Tyre Brand for 2025

By:Staff Writer August 12, Colombo (LNW): CEAT has once again...

Tourism Earnings Top $2 Billion in Seven Months doubting US$5 Billion Target

Tourism Earnings Top $2 Billion in Seven Months doubting US$5 Billion Target