Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan government takes legal action against flour companies for increasing prices
Mon, Nov 19, 2012, 09:08 pm SL Time, ColomboPage News Desk, Sri Lanka.

Nov 19, Colombo: Sri Lanka's Consumer Affairs Authority filed cases against the two major flour millers, the Prima Group and Serendib Co. in Colombo High Court for violating the Consumer Protection Act.

The companies are accused of increasing wheat flour price unilaterally without prior approval of the Consumer Affairs Authority.

According to the Consumer Protection Act, approval of the Consumer Affairs Authority is needed to increase the price of wheat flour which is an essential food commodity.

Prima and Serendib wheat flour companies increased the prices of their products on October 26. Prima increased the price of a kilo of wheat flour by Rs. 6 per kilo while Serendib increased the price by Rs. 4.

Following the price increase in flour, the bakery owners have also raised the price of a 450 grams loaf of bread by Rs. 2.

In a previous occasion, the government broke the monopoly of the Prima Company and encouraged launch of Serendib Company in a similar circumstance when Prima increased price of wheat flour without the approval of the Consumer Affairs Authority.



ColomboPage - Recent 10 Stories
Meeting scheduled between Sri Lankan President and former President cancelled
-- [7 hours ago]
Sri Lanka Navy, UNODC discuss preventing maritime crime in the Indian Ocean
-- [7 hours ago]
Sri Lankan PM says proposed 19th and 20th amendments cannot be submitted to parliament together
-- [8 hours ago]
Norway satisfied with Sri Lanka's success in100-day programme
-- [9 hours ago]
Sri Lanka reiterates warning against Indian fishermen violating maritime border
-- [9 hours ago]
Transparency International Sri Lanka commends brave stand of Bribery Commission
UN Chief praises new Sri Lankan government's greater collaboration with the UN
Sri Lanka's former President visits his remanded brother at hospital
Bribery complaint filed against former Sri Lankan President over misappropriating tsunami funds
Sri Lanka's opposition members including MPs summoned over contempt of court charges

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.