Lankapage Logo CP 22 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Manufacturers agree to reduce prices of local school bags and shoes by 10% - State Minister of Finance Siyambalapitiya
Wed, May 24, 2023, 05:10 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 24, Colombo: State Minister of Finance Dr. Ranjith Siyambalapitiya says that the manufacturers have agreed to reduce the price of local school bags and shoes by 10 percent.

The minister points out that this agreement was reached in response to a request to give consumers the benefit of the drop in raw material prices in line with the devaluation of the dollar relative to the rupee.

The manufacturers have taken this step according to the agreements reached in a discussion with the minister last month.

The minister said that in a discussion held at the Ministry of Finance yesterday (23) to inform about the price reduction, they agreed to carry out this price reduction from July 15.

Accordingly, the prices of school bags and shoes will decrease by an amount between Rs. 350 and 450.

The Minister further mentioned that a review meeting will be held with the manufacturers regarding the prices in another month and further price reduction will be considered according to the prevailing market conditions and the value of the dollar.


ColomboPage - Recent 10 Stories ::
IMF affirms support for Sri Lanka and its people - Deputy Managing Director
-- [46 minutes ago]
President to deliver a special statement on the national transformation roadmap tomorrow
-- [1 hour and 30 minutes ago]
Top IMF official discusses debt restructuring negotiations with President
-- [1 hour and 34 minutes ago]
Fuel prices revised from midnight today
-- [1 hour and 57 minutes ago]
Sri Lanka and China successfully conclude the 12th round of Diplomatic Consultations
-- [2 hours ago]
Defense State Minister seeks avenues to develop Army Ordnance Industries further
-- [3 hours ago]
Sri Lanka enhances bilateral relations with Thailand
-- [4 hours ago]
Sri Lanka inks agreement with South Korea to develop floating solar power plant
-- [5 hours ago]
Sri Lanka’s Colombo-based inflation eases to 25.2 percent in May 2023
-- [8 hours ago]
John Keells Group’s Crisis Response Initiative records promising impact among multiple communities
-- [8 hours ago]

Copyright © 2000, 2020 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.