No increase in price of cement
Published on: Thursday, June 20, 2019
By: Bernama
PUTRAJAYA: Industry players have agreed to not increase the price of cement, said Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.
He said the decision was reached following a meeting with the industry players on Tuesday.
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“They stated several grounds to justify an increase in cement price due to costlier imported materials used in making the cement because of the weak ringgit.
“However, following yesterday’s meeting, they agreed to not increase cement price,” he told a media conference after launching guidelines on vehicle window tinting here Wednesday.
During the meeting, he said industry players were also reminded to duly discuss with the Ministry if they intended to increase the price of cement since it (price) is controlled by the Government.
Cement is a controlled item and action under the Control of Supplies Act could be taken against industry players found to increase the price without the Government’s approval, he added.
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