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In March 2024, McDonald's removed Abans as their Sri Lankan local partner as part of its global franchise network owing to the poor quality supply of food items and unhygienic food items in McDonald's outlets all over Sri Lanka. [57] [58] Abans was criticised for failing to meet international hygiene standards when operating the McDonald's ...
Around 12 McDonald's outlets in Sri Lanka were closed with immediate effect and McDonald's sign boards were covered up. [ 18 ] [ 19 ] On 24 March 2024, Colombo Commercial High Court issued an enjoining order preventing Abans from using McDonald's name in their business marketing and promotional purposes. [ 20 ]
See McDonald's Pakistan: 105 Sri Lanka October 16, 1998 Colombo: 12 1,848,417 On March 25, 2024, all 12 outlets were temporarily closed until further notice as a result of McDonald's terminating its agreement with its Sri Lankan franchisee, Abans Plc, after being ordered by the Colombo High Court not to use the McDonald's branding. There were ...
Licensed Specialised Banks. Housing Development Finance Corporation Bank of Sri Lanka (HDFC) National Savings Bank. Regional Development Bank (Pradheshiya Sanwardhana Bank) Sanasa Development Bank. Sri Lanka Savings Bank. State Mortgage and Investment Bank.
On January 4, 2021, total market capitalisation crossed three trillion rupees mark for the first time. [2] Hayleys announced a stock split on January 21 of 2021 and it resulted in increasing market capitalization by over 100 billion rupees. All share price index surpassed 8000 points for the first as a result. [3]
Company Name Symbol B P P L Holdings: CSE: BPPL.N0000: Bairaha Farms: CSE: BFL.N0000: Balangoda Plantations: CSE: BALA.N0000: Bansei Royal Resorts Hikkaduwa: CSE: BRR ...
The Sri Lankan economic crisis[ 8] is an ongoing crisis in Sri Lanka that started in 2019. [ 9] It is the country's worst economic crisis since its independence in 1948. [ 9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities ...
BHARATHA MALLAWARACHI. August 15, 2024 at 3:53 AM. COLOMBO, Sri Lanka (AP) — Sri Lanka’s elections commission on Thursday accepted applications from a record 39 candidates to run in next month ...