Dr Chris Nonis - the minority shareholder and incumbent Chairman failed in all five cases purporting to prevent the shareholders Extra General Meeting (EGM) and the appointment and functioning of three new directors appointed by the majority shareholders holding more than 60%, onto the board of Mackwoods Securities (Pvt)Limited- the holding company of the Mackwoods Group of Companies.
The Commercial Bank of Ceylon has announced that it has completed the upgrade of its automated teller machine (ATM) network in Sri Lanka to EMV Chip capability, significantly enhancing security against fraud by conforming to the EMV standards of the various card brands that are accepted by the Bank’s ATMs.
In what seemed to the second most significant derivative action since the Companies Act no 7of 2007 came in to effect, the majority shareholders (holding more than 60% share holding) of Mackwoods Securities (Private) Ltd, the holding company of Mackwoods Group of Companies; were given green light by the Commercial High Court to hold an Extraordinary General Meeting (EGM).
Diesel and Motor Engineering PLC (DIMO) has yet again been recognized as one of the ‘Great Places to Work in 2016’ in Sri Lanka.
Retired Commissioned Officer (Katunayake International Airport) and mother of two Prasanthika Gayani De Mel, from Homagama, has been selected as the winner of the NDB Wealth “Share Your Savings Stories and Win!” online competition.
Parents can ensure their hard-earned savings for their children will grow in to millions when the children turn 18 years of age, under the new ‘Isuru’ Minors’ Savings Plan unveiled by Commercial Bank of Ceylon PLC, Sri Lanka’s largest private bank.
By offering a gamut of personalised advisory services, from investments to travel – in addition to other personalized services enjoyed by customers, Hatton National Bank (HNB) PLC is seeking to set a new benchmark in terms of customer convenience in the country’s high net-worth domain.
The LBO LBR Brand Summit 2016, to be held on July 12, has signed London Stock Exchange Group (LSEG) Business Services Limited Sri Lanka as a partner for this potentially life-changing event that offers both the speakers and content to enable the evolution of the field of marketing locally.
High achievers at this year’s Year 5 scholarship examination can win millions of rupees in cash prizes if they are holders of Commercial Bank ‘Arunalu’ Children’s Savings Accounts.
Ruwan Perera, Chief Operating Officer of NDB Wealth Management Limited was unanimously elected as the new President of Unit Trust Association of Sri Lanka (UTASL) at its 14th Annual General Meeting recently held in Colombo.
The Commercial Bank of Ceylon has added a new dimension to its Online Banking platform by enabling foreign currency account holders to carry out fund transfers between accounts maintained in different currencies other than Sri Lankan rupees.
