Business Economics

Sri Lanka Mulls Cement Price Controls Amid High Building Material Costs

  • June 4, 2024

COLOMBO, Sri Lanka – Sri Lanka’s Trade Minister, Nalin Fernando, has announced that the government is considering imposing price controls on cement. This move comes amid concerns over high building material costs, despite existing protectionist taxes on steel and tiles. Minister Fernando stated, “We will announce a maximum retail price for cement once companies discuss

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Breaking News Economics

Litro Gas Announces Price Reduction for Domestic LP Gas Cylinders

  • June 4, 2024

COLOMBO, Sri Lanka – Litro Gas, Sri Lanka’s leading supplier of domestic liquefied petroleum gas (LPG), has announced a price reduction for its cylinders effective tonight, June 4th. Litro Gas Chairman Muditha Peiris confirmed the price reductions, which apply across all cylinder sizes. The 12.5 kg cylinder will see the most significant decrease, dropping by

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