Growing inflation will increase cement prices by 12 percent -
Cement prices will increase by 12 percent by the
end of next year if the present inflation continues, said CEO and
Managing Director Holcim (Lanka) Ltd. Peter Spirig. He said the
staggering inflation in the country is the primary challenge for the
construction industry which has been badly affected due to the low
purchasing power of consumers.
ADB strategy to develop infrastructure
The Asian Development Bank has drawn up a
strategy to provide around US$ 250 million per annum between
2008-2010 primarily for infrastructure development activities in the
NCE chief hails budget proposals
President, NCE, Kulatunga Rajapakse welcoming
last week's budget proposals said that the government took many
steps to give relief to low income groups - reawakening of local
enterprises and the improvement of local products.