Published by
Daily Financial Times
Daily Financial Times
The Ceylon Institute of Builders (CIOB) yesterday said in a statement that the construction industry is unable to sustain itself due to the dollar shortage, rupee depreciation, and rising raw material prices. CIOB Chai-rman Dr. Rohan Karunaratne said the construction industry has struggled in the past due to the COVID-19 epidemic and rising raw material prices. In its statement, CIOB also listed some of the pressing issues. Fuel prices have risen sharply recently amid a dollar shortage and rupee depreciation. As a result, iron, aluminum, PVC pipes, wiring, roofing materials, tiles, bathroom ac…