To launch its own finance company:
Global Investment seeks listing next year
GLOBAL Investment Lanka Limited (GILL) is to be
listed in the Colombo Stock Exchange from next year. Managing
Director GILL, Phylix Selvadurai, said that arrangements in this
regard have been made. The GILL, which launched an Initial Public
Offering (IPO) to raise Rs. 550 million on October 4 is also hoping
to launch their own finance company early next year.
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People's Bank goes for USD 10 m core-banking
solution
PEOPLE'S Bank announced the implementation of
their core-banking solution, which empowers core banking and trade
services across their branch network yesterday. The pilot phase of
the core-banking project that cost USD10million has been
successfully implemented in the bank's head office,
corporate-banking division, foreign currency banking unit and
overseas customer service unit with 60 branches going online by
December.
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