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
Sri Lanka Navy assists repatriation of 109 Indian and 6 Sri Lankan fishermen released from detention
-- [1 hour and 0 minutes ago]
No power to change women's representation - CaFFE
-- [1 hour and 29 minutes ago]
Sri Lanka Speaker to make a special statement on unity government tomorrow
-- [1 hour and 57 minutes ago]
Over 3,000 died in road accidents in Sri Lanka last year
-- [2 hours ago]
Sri Lanka's Muslim party ACMC calls for leaders to unite for a stable government
-- [3 hours ago]
First draft of National Sustainability Dialogue presented to President
-- [4 hours ago]
Sri Lankan government to finalize a new economic program by next week
-- [4 hours ago]
Sri Lanka Opposition Leader slams former president for misleading people on ethnic issue
Sri Lanka election monitor calls on government to hold Provincial Council Elections in April
DFCC Bank profit after tax up by 34 percent in FY 2017

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.