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SRI LANKA One million Sri Lankan construction workers have lost their jobs

The intertwining of local economic crisis and global rise in raw material costs has led to paralysis in the industry. Trade bodies worried about competition from Bangladesh, Nepal, India and Malaysia, where foreign investors find lower costs per square meter to build. The government has agreed to raise capped prices for contracts on new roads by 20 percent, but has 200 billion rupees in back payments.

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