Edited by: Sheera Abg Mansor
PUTRAJAYA: An investigation is necessary to determine whether the high cement prices in the state is the major contribution of the practice of local industrial monopoly in Sarawak.
Finance Minister Lim Guan Eng as quoted in New Straits Times said, the price of the commodity in Sarawak is significantly higher even though the government managed to curb rising cement prices in Peninsular Malaysia last week.
Lim said, any substantial increase in cement prices will be redistributed into the economy and will then affect the buying power of consumers.
Lim also referred to Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail who successfully demonstrated the government commitment to control the cost of living by restraining cement prices after discussions last week with the companies in the cement industry.
He said the measure addressed the public concern over the possibility of an increase in cement prices by as much as 40 percent in Peninsular Malaysia, as reported in the media last week.
Source: New Straits Times