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
Defense Ministry to acquire Lanka Cement factory premises in Kankasanthurai
-- [1 hour and 47 minutes ago]
Sri Lanka to invite foreign election monitors, but not UN monitors
-- [2 hours ago]
Japan Airlines and SriLankan Airlines launch codeshare cooperation
-- [2 hours ago]
Common candidate and opposition leader to discuss Presidential election tomorrow
-- [3 hours ago]
Sri Lankan President arrives in Nepal for SAARC Summit, visits Lumbini
-- [4 hours ago]
Sri Lanka government minister asks people to tie opposition Presidential candidate's supporters to a tree and assault
-- [5 hours ago]
Sri Lanka court denies bail to minister's son and six others over night club brawl
-- [5 hours ago]
Sri Lankan President arrives in Nepal for SAARC Summit
Sri Lanka business chamber presents seminar on 'Doing Business with China' tomorrow
Lords of British parliament discuss EU court's delisting of LTTE and Sri Lanka's presidential elections

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.