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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 ...
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [42] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [43]
Cargills (Ceylon) PLC is a Sri Lankan consumer company which is listed on the Colombo Stock Exchange. It is a market leader in the Modern Retail (supermarkets), FMCG, and Restaurants industries and also has a presence in the Banking, Real Estate, and Cinema sectors. The controlling interest in the company is held by C T Holdings PLC.
Around 12 McDonald's outlets in Sri Lanka were closed with immediate effect and McDonald's sign boards were covered up. [ 60 ] [ 61 ] 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. [ 62 ]
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 ...
But in the last decade increasing number of people have moved in and today is very much populated by a mixture of working class, middle and upper-middle-class families. In addition a lot of artists (Singers, actors etc.) live in Mattegoda in housing given by the government. Also Mattegoda is home to a Sri Lanka Army camp. [1]
This article lists the largest companies in Sri Lanka terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes and local business magazine LMD. [1] [2]
University of Oxford. Deshamanya Weligamage Don Lakshman (commonly known as W. D. Lakshman) popularly known as Professor W. D. Lakshman is a Sri Lankan economist, professor, lecturer, academic and author who also served as the 15th Governor of the Central Bank of Sri Lanka and current chairman of the Monetary Board of the CBSL.