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Colombo Stock Exchange appoints Dilshan Wirasekara as a Board Director

2017-12-11 lankabusinessonline
The Colombo Stock Exchange (CSE) announces the appointment of Mr. Dilshan Wirasekara as a Director of the CSE Board with effect from 21st November 2017. Mr. Wirasekara is an investment banker and the Director/Chief Executive Officer of First Capital Holdings PLC. He is an experienced professional with a career spanning over 22 years, comprising diversified expertise in financial services including, treasury and investment management, capital market strategy and corporate finance advisory.

First Capital records profit after tax of Rs731Mn for 1H 2017/18

2017-11-16 lankabusinessonline
First Capital Holdings PLC (the Group) recorded a profit after tax of Rs. 731Mn for the 1st half of 2017/18, a substantial increase compared to Rs. 406Mn in the corresponding period of the previous year. Total comprehensive income for the 1st half was Rs. 641Mn (2016/17 – Rs. 406Mn).

ICRA Lanka reaffirms long & short term ratings of First Capital Holdings

2017-10-11 lankabusinessonline
ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of [SL]A- (pronounced SL A minus) with stable outlook for First Capital Holdings PLC (FCH or the company). ICRA Lanka has also reaffirmed the issue rating of [SL]A- (pronounced SL A minus) with stable outlook for the LKR 314.6 Mn type B and type C senior unsecured redeemable debenture programme of the company.

Unit trust industry sees erosion of funds ahead of new taxes

2017-05-24 dailymirror.lk
Sri Lanka’s unit trust industry has seen a massive withdrawal of funds during the first three months of the year with deeper erosion of assets taking place during March, the final month before the new taxes may come into effect.  Sri Lanka’s fund management industry decried the new taxes proposed by the budget 2017 to be effected from April 1, 2017, as the enacting of such would decide the fate of the industry, which has about Rs.

First Capital reports PAT of Rs231 mln for year

2017-05-22 lankabusinessonline
Press Release: First Capital Holdings PLC, a full service investment bank providing a diverse range of advisory services and financial products through its subsidiaries, (First Capital Group) reported a consolidated profit after tax of Rs. 231Mn for the year 2016/17 compared to Rs. 47Mn in the previous year.

Sri Lanka foreign reserves fall to 7-year low in March

2017-04-19 lankabusinessonline
Apr 19, 2017 (LBO) – Sri Lanka’s external reserves have fallen to a 6.9 year low after country’s reserves dropped almost 9 percent to 5.12 billion US dollars in March 2017, a research note showed.

First Capital Holdings signs MOU with Oxford Business Group

2017-01-19 lankabusinessonline
(PRESS RELEASE) – Sri Lanka’s efforts to boost capital inflows through the gradual liberalisation of its trade and investment laws will be explored in a forthcoming report by the global publishing firm Oxford Business Group (OBG).

ICRA Lanka reaffirms the Long and Short term ratings of First Capital Holdings PLC

2016-10-06 bizenglish.adaderana.lk
ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of [SL]A- (pronounced SL A minus) with stable outlook for First Capital Holdings PLC (FCH or the company). ICRA Lanka has also reaffirmed the issue rating of [SL]A- (pronounced SL A minus) with stable outlook for the LKR 500 Mn Senior unsecured redeemable debenture programme of the company.

Sri Lanka in investor spotlight, as new era dawns: OBG

2016-08-02 lankabusinessonline
(PRESS RELEASE) – Sri Lanka’s plans to boost foreign direct investment through a raft of pro-business policies and incentives are mapped out in a landmark report just produced by the global publishing, research and consultancy firm Oxford Business Group (OBG).

Sri Lanka has demand for higher yielding financial instruments: Nandalal

2016-08-01 lankabusinessonline
Aug 01, 2016 (LBO) – Sri Lanka’s Central Bank Deputy Governor says there is an ample demand among insurance companies, provident funds and other institutional investors in the country for higher yielding new financial instruments.

“International Investor Perspective on Local Currency Solutions”

2016-08-01 bizenglish.adaderana.lk
A specialized and distinct seminar entitled “International Investor Perspective on Local Currency Solutions” was recently held at the Cinnamon Grand Hotel, Oak Room Colombo. Jointly organized by Netherlands-based The Currency Exchange Fund (TCX), GuarantCo, FMO – the Dutch Development Bank, and Frontclear together with locally based investment bank First Capital Holdings PLC, the main focus of the event was to raising awareness among local Banks, NBFIs and Micro Finance Institutions about Foreign Currency Funding options and facilitating local participants to access funding from Development Financial Institutes (DFIs) and Foreign Investors.

The First Capital Wealth Fund outperforms all unit trusts for five years ended 31 March 2016

2016-06-21 bizenglish.adaderana.lk
First Capital Asset Management Limited, Managers of the First Capital Wealth Fund, announced a dividend of Rs. 100 per unit. The First Capital Wealth Fund was Sri Lanka’s best performing Fixed Income Unit Trust for calendar years 2013 and 2014. The Fund is also the best performing Unit Trust Fund for the five years ended 31 March 2016 with a compounded annual growth rate of 11.77% over the period (as reported by the Unit Trust Association of Sri Lanka).