Cement price hits record

JAYAPURA, Irian Jaya: Cement prices in the remote Puncak Jaya capital of Mulia have risen to a world record of Rp 750,000 (US$95) per sack of 50 kilograms, an official said on Monday.

The regency's head of administration affairs, Henoch Ibo, told Antara the skyrocketing price was prompted by the scarcity of supply.

The prices in other regencies of the province vary between Rp 22,500 and Rp 25,000.