fbpx

No increase in cement prices

June 20th, 2019 Leave a comment

cement-no-hike

There will be no increase in the price of cement, says Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.

The minister said the decision was made following a meeting with industry players on Tuesday (June 18).

“I have been meeting with the stakeholders for the past few days. Following our discussions, all parties have agreed not to increase the price of cement,” said Saifuddin at a press conference at the ministry here.

Saifuddin added that the price of cement is controlled by the Government and the industry cannot raise the prices without approval.

Recently, several developers and cement product manufacturers have expressed concern that the price of cement could go up by 40% to 50% .

Saifuddin said a hike in the price of cement would be detrimental to the government’s plans to build one million affordable homes for the people.

“However, to be fair to the industry, we allow them to air their views and we listen to their reasoning on why they feel there should be a price increase,” said Saifuddin.

Source: TheStar.com.my

 

Categories: Property News Tags:
  1. No comments yet.
  1. No trackbacks yet.
(You can also Login/Register to submit your comment using unique ID)


Comment Guidelines
  • Avoid political discussion.
  • Comments with inappropriate wordings or personal attack may be moderated or deleted.
  • Developer must register before comment. All anonymous comments claimed to be from developer without registration will be deleted.
  • All advertisement in the comment will be deleted. Please contact us for advertising details.


Related Properties for Sale/Rent @
Advertise your property at PenangPropertySale.com and it will be shown here. (Only listing with photo)

To advertise your property in this page under "Related Properties for Sale/Rent":
 1. Submit your property at PenangPropertySale.com, it's FREE!
 (Please do not advertise your property in the comment)