Business

Sri Lanka Cement Consumption Rises 8.5% Amid Currency Stability

  • July 29, 2024

Sri Lanka’s cement consumption rose by 8.5% for the year ending March 2024, following a period of contraction over the past two calendar years, according to Tokyo Cement. The increase is attributed to a more stable rupee, which has helped reduce costs and spur recovery in the sector. Tokyo Cement outpaced the industry with a

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Markets

Sri Lanka’s Central Bank Sells $57 Million in Forex Markets in June

  • July 15, 2024

In June 2024, Sri Lanka’s central bank was a net seller in the foreign exchange market, selling $57 million to banks without purchasing any dollars. This follows a previous trend where the central bank bought $224.5 million and sold $32 million in May. The build-up of excess liquidity reached 200 billion rupees due to dollar

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