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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 ]
Aban Pestonjee ( Sinhala: අබාන් පෙස්ටොන්ජි) is the chairperson and founder of the Abans group of companies. She is known as one of the first entrepreneurs who initiated in first bringing Korean technology to Sri Lankan consumers. Pestonjee launched her business in 1968 in her home garage where she managed to ...
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 ...
Quarterly revenue was flat at $6.5 billion and just off the $6.6 billion that Wall Street was expecting, according to analysts polled by FactSet. The company's net income fell 12% to $2 billion ...
Complaints about McDonald's prices have been far from a rarity in 2024. ... The drive-thru menu board showed that the store was offering a $25.39 meal bundle that included a 40-piece Chicken ...
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 ...
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.
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