- Last Update 2025-06-08 16:36:00
Two cement companies permitted to increase prices
The Sri Lanka Consumer Affairs Authority (CAA) today (Monday) permitted two local companies Holcim Lanka, now rebranded as INSEE Cement and Tokyo Cement to increase the price of a 50 KG by Rs. 30 with effect from last Wednesday.
The Ministry of Industry and Commerce had given consent to these two companies to increase the cement price subject to the approval of the CAA as it is a price-controlled commodity.
The decision has been made after a request has been made by the two companies out of five cement firms to increase the price citing high cost for the importation of raw materials needed for the manufacture of cement locally, official sources said.
The other three cement companies have not made any request to the CAA to increase the price so far and the imported cement price has also not changed up to now, cement traders said.
However this sudden move of the Ministry of Industry and Commerce has raised eyebrows of house builders, contractors and consumers as it has given permission only to two companies to increase the controlled price of cement. (Bandula)
-
Still No Comments Posted.
- May 31, 2025 - 490 - 0
Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
- June 2, 2025 - 461 - 0
National Tax week launched
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
- June 2, 2025 - 368 - 0
SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.
- June 3, 2025 - 207 - 0
Krishanthi Kumaraswami convicts FR dismissed by SC
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
- June 6, 2025 - 203 - 0
SriLankan flight grounded in Indonesia
A SriLankan airlines flight has been grounded in an airport in Indonesia due to a technical defect leaving 93 passengers stranded, an official said.
Related Articles
Presidential power to pardon prisoners misused
- 08/06/2025 - 83 - 0
Four drowned in Aralaganwila
- 08/06/2025 - 75 - 0
Police probe theft of Macaw from Zoo
- 08/06/2025 - 71 - 0
Discarded soft toys make garbage tractor appealing
- 08/06/2025 - 102 - 0
Leave Comments