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Friday March 31st, 2023

Sri Lanka standards limiting eco-friendly cement production

ECONOMYNEXT – Ceilings set on clinker substitutes such as slag by Sri Lanka Institute of Standards, is blocking  eco-friendly production of cement, a top official of INSEE Cement, unit of Siam City Cement of Thailand, said.

"Some of our Chinese contractors are asking for cement with 65 percent slag, but current regulations do not allow it," Chairman/Chief Executive Nandana Ekanayake said, at the launch of the firm’s sustainability report.

"The Sri Lanka Standards Institute has set a limit of 20 percent on slag content in cement."

He said there were no uniform international standard for slag in construction cement.

INSEE operates an integrated plant, producing cement from limestone and a grinding plant in Galle, with an annual capacity of 2.7 million metric tonnes.

With a drive for energy saving and carbon emissions in recent years, new technologies for separating and incorporating clinker substitutes have been developed, which has led to standards in some countries being changed, according to some reports.

Slag, a byproduct of steel production, is more environmentally friendly, as cement manufacturers do not have to burn limestone at their kilns and emit more carbon to produce clinker. Using slag not only saves fuel, but also prevents the release of carbon dioxide from burnt limestone.

INSEE however has reduced its coal usage by 34 percent, by burning waste of other industries, including used tyres, Ekanayake said.

Structures made with concrete containing slag could be three times as strong as ordinary Portland cement over the first three months if properly cured but long-term strength improves over normal portland cement, according to some studies.

In Japan, slag portland cement is in three grades based on content of slag at 20 percent, 45-50 percent and 65 percent, with the 45-50 percent grade being popular, according to a Nippon Steel & Sumitomo Metal study.

Manufacturing the popular slag cement grade in Japan emits 40 percent less carbon, according to the study.

In the US too, slag cement usually has around 40 percent of slag content.

Meanwhile, a Korea-based study found that substituting slag beyond 40 percent does not increase strength further.

Sri Lanka’s other cement manufactures are also using fly-ash from coal power plants.

Nanayakkara said blended cement now made up 78 percent of their output. (Colombo/Jul26/2019)
 

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Sri Lanka rupee closes at 328/329 against the US dollar, bond yields down

ECONOMYNEXT – Sri Lanka’s treasury bond yields were down and the rupee closed at 328/329 against the US dollar in the spot market on Friday, dealers said.

A 01.07.2025 bond closed at 29.80/30.20 percent on Friday, down from 31.25/30 percent on Thursday.

A 15.09.2027 bond closed at 27.45/55 percent, steady from 28.80/85 percent on Thursday.

Sri Lanka rupee closed at 328/329 rupees against the US dollar, from 327/330 rupees from a day earlier. (Colombo/ March31/2023)

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Sri Lanka tax hike: no response from president, professionals to discuss next steps

GMOA Secretary Haritha Alutghe

ECONOMYNEXT – Sri Lanka’s trade unions and professional associations who have been agitating against an International Monetary Fund (IMF) backed progressive tax hike will meet to discuss further union action after a letter to the president went unanswered.

Government Medical Officers’ Association (GMOA) secretary Dr Haritha Aluthge told reporters on Friday March 31 that the unions will meet as the self-styled Professionals’ Trade Union Alliance (PTUA) collective which have so far been organising strikes and demonstrations demanding a revision of the taxes.

The PTUA has been awaiting a promised meeting with President Ranil Wickremesinghe for some days now. Aluthge previously said on Monday that if the meeting did not materialise, the unions would be compelled to go on strike.

The issue has become stagnant due to government inaction, said Aluthge at Friday’s press conference.

“The PTUA informed the president in writing yesterday for the last time to please understand the gravity of this situation and to immediately give us a meeting and present the government’s interim solution, through which the government can take measures to ease the sense of tension among professionals,” he said.

The purpose of the meeting is to discuss an “interim solution” to the professionals’ grievances over the progressive income tax hike until a reported revision that’s due in six months when the country’s recently approved 17th IMF programme comes up for review.

“Sadly, there has still been no response,” the GMOA official said.

All unions and professional associations will meet Friday evening together with a number of other unions to discuss further action, he added.

The privately-owned English-language weekly newspaper The Sunday Times reported on March 26 that the IMF had indicated the possibility of revising some of the taxes imposed as part of the IMF’s staff-level agreement with Sri Lanka when the programme comes up for review in six months.

According to the newspaper, IMF officials had conveyed this to representatives of trade unions during a virtual roundtable held last Friday March 24. The virtual meeting was held on the initiative of the IMF and was attended by trade unions and professional associations representing the PTUA including the GMOA. (Colombo/Mar31/2023)

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Sri Lankan transport associations cut haulage and transportation fees after fuel price cut

ECONOMYNEXT –  Sri Lanka Association of Container Transporters and fuel bowser owners has decided to reduce the haulage charges and transportation fee, after the government cut the auto diesel prices by 80 rupees, association officials said.

“Due to the recent reduction in Auto Diesel price from March30, 2023, the committee has decided to reduce haulage charges by 7 percent,” association said.

Sri Lanka Private Petroleum Tanker owners has also decided to reduce the transportation fee of fuel by 8 -10 percent from April onwards.

“We will be meeting with the association members and will be deciding on exactly how much we will be reducing,” the General Secretary of the association Nimal Amarasekera told EconomyNext.

“We hope to reduce it by 8-10 percent and will be applied.”

Meanwhile United Lanka Fuel Transport Bowser Owners Association said, the price reduction will be done, and the specific amount will be calculated using the cost per kilometer for a transporting bowser.

“We have different types of bowsers such as 13,200 litre and 19,800 litre likewise,” Association President K.W. Charles told EconomyNext.

“So the cost per kilometer per bowser is different and after we calculate only we can give a specific percentage.

“It will come to effect from this month and the payments for the next month will be based on the new prices.”

Charles said, this is only based on the price reduction of fuel, however several costs as maintenance and spare part costs should also be considered when deciding the transportation cost, which is also being discussed with the Ceylon Petroleum Corporation.

Sri Lanka slashed fuel prices with effect from Wednesday (29) midnight, Power and Energy Minister Kanchana Wijesekera said, after a protest by trade unions of state-run fuel retailer Ceylon Petroleum Corporation (CPC) resulting in queues at filling stations due to supply disruption.

The price of Petrol 92 Octane will be slashed by 15 percent or 60 rupees to 340, Petrol 95 Octane 95 will be reduced by 26.5 percent or 135 rupees to 375, Auto Diesel by 19.8 percent or 80 rupees to 325, and kerosene by 3.3 percent or 10 rupees to 295. (Colombo/ March31/2023)

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