#sri-lanka (2 Posts)
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China’s Influence Grows in Sri Lanka with Promises of Debt Restructuring Promises debt restructuring and development assistanceChinese Premier Li Qiang meets with Sri Lankan Prime MinisterSri Lanka declared sovereign default in 2022 China has pledged to continue supporting debt restructuring in Sri Lanka and aiding in developing airports and sea ports in the country, where it is currently competing with India for influence. This decision shows […] -
McDonald's Pulls Out of Sri Lanka: Closes All 12 Stores Following Contract Termination A lawyer for McDonald’s Sri Lanka announced on the 24th (local time) that McDonald’s has terminated its contract with its regional partner in Sri Lanka and has closed all 12 of its stores in the country. Sanath Wijewardane, a spokesperson for McDonald’s, said, “McDonald’s has decided to terminate its contract with the franchisee due to […]
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