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Biscuit companies slash prices after stocks go unsold!

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It is reported that the Lanka Confectionery Manufacturers Association (LCMA) has decided to reduce the price of their products by 10-13% with immediate effect.

Chairman of the LCMA – Mr. S.M.D. Suriyakumara has told ‘Dailymirror’ that they had arrived at this decision after prices of two main ingredients had been slashed.

The price of confectionary grade sugar has been slashed by Rs 40 per kg while the price of vegetable oil has dropped by around Rs 250 per kg.

When comparing the prices of confectionaries before the political and economic crisis that worsened in May 2022, with the prices of products today, the confectionary prices have increased by an average of 230 percent.   The Marie biscuit, a popular snack across all consumer segments, which was Rs.30 a few months ago, is now sold at Rs.100 per 80-gram packet.  The local confectionary industry came under harsh criticism recently, as the consumers found the manufacturers increasing the prices of products in an unreasonable manner.

As a result, many decided to boycott confectionary products, resulting in a significant drop in sales.

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Sathosa slashes prices of 6 essential food items

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Lanka Sathosa has slashed the prices of six essential food items, with effective from tomorrow (26 Jan.).

The revised prices are as follows :

Dried Chillis – Rs. 1,700/kg
White Raw Rice (local) – Rs. 169/kg
Red Kekulu Rice – Rs. 179/kg
White Nadu Rice – Rs. 184/kg
Keeri Samba Rice – Rs. 235/kg
Red Dhal – Rs. 365/kg

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People’s Bank suspends decision to up interest rates

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People’s Bank has temporarily suspended its decision to increase loan interest rates to 15.5%

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House of Fashion brawl; two employees hospitalized

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Two employees of House of Fashion at Bambalapitiya who were injured during the recent brawl that took place with a customer have been admitted to the hospital.

During the conflict, the employees kicked and beat up the customer with sticks while the customer also attacked the employees.

The Bambalapitiya Police are investigating the incident and they have recorded statements from the customers yesterday (23). They are a couple residing in Maharagama.

Statements were recorded from the employees as well.

However, no one has been arrested in connection with this incident so far.

Cause of the brawl..

On January 21, a customer has complained that his vehicle had been blocked by another vehicle in the car park.

The vehicle owner blocking the customer’s car has parked the car in House of Fashion “parking” and had gone to another location.

Therefore, the customer had gone and complained to House of Fashion along with his wife resulting in an argument which had led to the brawl.

Excuses..

Meanwhile, the House of Fashion issued a statement yesterday (23).

It said, “We feel this incident has badly impacted our goodwill with the customers. We at House of Fashion always make sure that we do our best to protect our customers and do the best customer service at all times.”

One sided CCTV..

Meanwhile, House of Fashion had released CCTV footage obtained from one side to several media outlets.

They are shown below.

Customer recorded footage shared on social media:

Related news:
Police launches probe brawl at House of Fashion

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