Guan Eng says probe necessary into high cement prices in Sarawak

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PUTRAJAYA (Bernama): Finance Minister Lim Guan Eng says an investigation is necessary to determine whether the practice of local industrial monopoly in Sarawak resulted in high cement prices in the state.

Although the government managed to curb rising cement prices in Peninsular Malaysia last week, the price of the commodity in Sarawak is significantly higher, he said in a statement Sunday .

He said the measure addressed public concern over the possibility of an increase in cement prices by as much as 40% in Peninsular Malaysia, as reported in the media last week.

Source: News Formal (newsformal.com)

 

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Cahya Mata Sarawak Berhad is Sarawak’s SOLE cement manufacturer. guanenglim everyone knows you know who is behind this company. Monopoly leads to price fixing.....where is the Domestic Trade Minister ? saifnasution

guanenglim everyone knows who is behind this. Cahya Mata Sarawak Berhad is Sarawak’s SOLE cement manufacturer in Sarawak. Simple economics - monopoly leads to price fixing

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