US fast-food outlet McDonalds on Friday said it has formally ended its arrangement with its Sri Lankan franchisee.
“McDonald's Corporation and International Restaurant Systems (Pvt) Ltd have entered a legal settlement mutually agreeable to them. The franchise relationship that previously existed between them has ended,” the duo said in a joint statement.
On Friday, McDonald's Corporation and International Restaurant Systems (Pvt) Ltd said they extended “their gratitude to the public for their support during this period and encourage the public to disregard any rumors or speculation previously circulated in the media”.
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Energy Ministry differs on proposed electricity tariff reduction from today.
Victor Ivon, a renowned investigative journalist, political critic, theorist, social activist, and author, passed away this evening in the hospital after a long illness.
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