Cement price increase will aggravate inflation. The announcement of cement price increase could not have come at a worst possible time when Sabah has barely started to recover from severe economic depression induced by Covid-19.
The State Government is working doubly hard to rejuvenate the economy which has seen negative growth in recent years, finding ways to keep the cost of living, especially food items, from rising further when the global inflation is still raging on.
The cement price increase without sufficient justifications being given has made these 2 onerous tasks much more difficult for the Sabah’s Government
China threatens to bring stringent anti-monopoly laws against Internet platforms
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(AFP)
The authorities urged Internet platforms to regulate businesses according to laws. Government agencies will remain highly vigilant against risks from private funds, online lending and apartment renting platforms amid the coronavirus outbreak.
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The Chinese government agencies have pledged to strengthen law enforcement and judicial work against monopolies and unfair competition this year. The decision came during the annual central conference for China’s judicial, prosecution and public security work.
The meeting was held on Saturday and Sunday in Beijing, according to a statement on the WeChat account of the Commission for Political and Legal Affairs of the Communist Party Central Committee.