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Look into possibility of reducing cement, steel prices

Aims to lower construction costs

26 September 2020 12:25 pm - 1     - {{hitsCtrl.values.hits}}

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President Gotabaya Rajapaksa has directed relevant officials to look into the feasibility of bringing down prices of cement and steel, in order to reduce the construction cost in the country, the President’s Media Division said.

The President said this during a discussion held with the State Ministry of Finance and Capital Markets and Public Enterprise Reforms with regard to its future activities, at the Presidential Secretariat on Wednesday.

President Rajapaksa highlighted the need of identifying investment opportunities and improving infrastructure facilities along with the necessary prior approvals.

It was discussed at the meeting to establish an office for pioneering foreign investors, in the heart of Colombo the PMD said.

The President noted the significance of State institutions reaching out to village areas and bank loan accessibility for small scale and medium scale entrepreneurs that would ensure rapid development in the country.

He also advised the officials to take steps to compensate the investors who had invested in bankrupt finance companies.

He further instructed them to ascertain the assets of these finance companies and compensate depositors accordingly.

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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  • MO77 Saturday, 26 September 2020 09:00 PM

    Reduce prices of construction material and hire foreign skilled labour for instruction industry will help to development in Sri Lanka. Second, give one low interest loan per family help to resolve housing problem. Then, government no need to provide free housing for the poor people.


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