Economics

Cess Levy on Imported Cement Reduced by Rs. 1 Per Kilogram

  • September 9, 2024

The Finance Ministry has announced a reduction in the cess levy on imported cement by Rs. 1 per kilogram, effective from 6 September 2024. This adjustment was made under the authority of Ranil Wickremesinghe, Minister of Investment Promotion, and with the agreement of the Minister of Finance, Economic Stabilisation, and National Policies. This decision revises

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Economics

Tokyo Cement Group Begins FY24/25 with Mixed Results but Positive Outlook

  • August 9, 2024

Quarterly Financial Review Tokyo Cement Group reported a turnover of Rs. 11,665 million for the first quarter ended 30 June 2024, marking a 3% decline compared to the same period last year. Profit After Tax (PAT) also fell by 18% to Rs. 707 million. The revenue drop, despite increased sales volume, was attributed to price

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