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 main opposition accuses Army of political campaigning for President, Army denies
-- [6 hours ago]
Chinese firm to invest US$ 20 million for a saline production facility in Sri Lanka
-- [6 hours ago]
Opposition Presidential Candidate asks Sri Lankan President to stop violating election laws
-- [8 hours ago]
Sri Lanka's first mass media outlet for Muslims launched
-- [9 hours ago]
Sri Lankan court extends remand of 38 Indian fishermen till December 31
Sri Lanka's John Keels in US$ 445 million deal with Standard Chartered Bank for development project
'After 27 years, we gave you an election', Sri Lankan President tells North
CA Sri Lanka, SEC honours top corporate leaders for demonstrating leadership excellence
Sri Lankan court sentences two Pakistani men to death for drug trafficking
Construction of houses for Sri Lanka landslide victims to begin today

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.