Category Archives: Events

First Capital team participates at “Invest Sri Lanka” Investor Forum – New York

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The First Capital Team participating at ‘Invest Sri Lanka Forum – New York’ Director / CEO Dilshan Wirasekara, CEO of First Capital Equities Jaliya Wijeratne, Head of Research Dimantha Mathew and Assistant Manager Foreign Sale Ifadh Marikar.

 

The “Invest Sri Lanka Investor Forum” organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with stock brokers in Sri lanka (CSE Member Firms) and leading listed companies was held yesterday (October 16) at the Sofitel New York receiving an unprecedented response from the Investor Community in New York.

The Invest Sri Lanka Investor Forum series is steered with the objective of promoting investment in Sri Lanka among institutional investors and to build strong interest among the investor community based in key global financial hubs.

CSE’ decision to host the Invest Sri Lanka event in New York, comes on the back of considerable foreign activity in share market investments in Sri Lanka during 2017. There has been a net foreign inflow of Rs. 40 billion recorded year-to-date in the primary and secondary markets.

“Foreign investors have shown confidence towards investing in Sri Lanka as they feel that most counters are undervalued and offer significant upside in the medium term” commented the Director/Chief Executive Officer of First Capital during an interview given in early September 2017.

Invest Sri Lanka NY 2017

4th Asia Pacific Choir Games and Grand Prix of Nations

The Asia Pacific Choir Games and Grand Prix of Nations is preparing to take over Colombo from Saturday, 21st October to Saturday, 28th October 2017 with over 3,500 international and local participants. The weeklong festival of choral competitions, friendship concerts and gala celebration concerts will be the harbinger of good tidings for the future of musical education and cultural tourism into Sri Lanka.

The country will welcome participants and jurors from 17 nations around the world, and this would be a unique experience for Sri Lankans to witness the music, song and dance cultures of other countries.

First Capital Holdings PLC has joined in support of this spectacular festival as Silver Sponsor. The sponsorship is part of First Capital’s ongoing commitment to support high-impact events of national importance.

First Capital Holdings PLC is pleased to have partnered with the hosts of this event The Colombo Cultural Hub Trust in collaboration with the Sri Lanka Tourism Promotion Bureau, INTERKULTUR and Dilmah.

Sri Lankan stocks close at more than 1-wk high

FIRST CAPITAL’S HEAD OF RESEARCH DIMANTHA MATHEW SPEAKS TO REUTERS

SEPTEMBER 29, 2017

COLOMBO, Sept 29 (Reuters) – Sri Lankan shares edged higher for a second straight session and closed at a more than one-week high on Friday as investors bought beverage and manufacturing shares while continued foreign buying in the market underpinned positive sentiment, brokers said.

The Colombo stock index ended 0.07 percent up at 6,438.24, its highest close since Sept. 21.

The bourse rose 0.2 percent for the week, marking its third straight weekly gain.

Foreign investors bought a net 188 million rupees ($1.23 million) worth of shares on Friday extending the year-to-date net foreign inflow to 18 billion rupees worth of equities.

Turnover stood at 782.3 million rupees, compared with this year’s daily average of about 914.8 million rupees.

“We were expecting margin calls to come in being the month end, but we did not see that,” said Dimantha Mathew, head of research at First Capital Holdings.

“Domestic investor participation was high and they were looking to buy blue chips while foreigners were also active.”

Shares of Lion Brewery Plc gained 5.2 percent, while Sampath Bank Plc advanced 1.8 percent and Richard Pieris Plc rose 3.8 percent.

On Tuesday, the Sri Lankan central bank held its key rates steady, saying past steps were keeping inflation and credit growth under control, as policymakers focus on supporting an economy hit by extreme weather.

The comments on this report are provided by the Capital Markets Research Unit of First Capital Holdings PLC an investment bank in Sri Lanka.

The company operates in the capital markets of Sri Lanka in government securities – treasury bills and bonds, stock brokering and share market investments, asset management, private wealth management,  retirement planning, personal financial planning, unit trust, margin trading, capital market research, trustee services, corporate finance advisory services including corporate debt structuring (debentures, trust certificates, commercial papers), valuations, restructuring, mergers and acquisitions, initial public offerings (IPOs) and project advisory. 

The First Capital Group consists of First Capital Treasuries PLC, First Capital Limited, First Capital Markets Limited, First Capital Asset Management Limited and First Capital Equities (Private) Limited covering Colombo, Negombo, Matara, Kandy and Kurunegala.<

First Capital Negombo Branch Declared Open by Director / CEO Mr. Dilshan Wirasekara on 29 June 2017

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First Capital Holdings PLC Director / CEO First Capital Mr. Dilshan Wirasekara declared First Capital’s Negombo Branch Office open today (29th June 2017). He is accompanied by Negombo Branch Manager Buddhika Edirisinghe (L) and Head of Asset Management Kosala Liyanagedara (R), company clients, special invitees and company officials.

 

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Mr. Wirasekara addressing the gathering sharing First Capital’s vision in opening its 04th branch office in Negombo.

 

Speaking at the opening ceremony, Director and Chief Executive Officer of First Capital Holdings PLC, Dilshan Wirasekara said “although the company previously operated an equity services only branch based at the CSE Branch Office in Negombo, the Management decided to expand the range of services offers to our loyal clients in the area. The expansion will allow both individual and corporate clients to leverage on the diversity of products the company offers in making investment decisions through varying economic conditions and market cycles”.

 

“We would like to take this opportunity to express our appreciation for the continued trust placed on First Capital by our clients in the area and assure that we strive to exceed the expectations placed on us.” Wirasekara further said.

 

The new office will continue to offer the same efficient and friendly service delivering reliable advice and awareness on investing for the benefit of its customers. The branch contact details are as follows; First Capital Holdings PLC – Negombo Branch Office. No. 163B, Colombo Road, Negombo. Telephone +94 31-2233299 / +94 775 375 375. Email, negombo@firstcapital.lk. Web,www.firstcapital.lk.

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OBG outlines reforms for growth

Published on Daily FT on  Tuesday, 20 June 2017

– By Charumini de Silva

 InvestmentInSriLanka
From left: Oxford Business Group Country Director Andrea Tsiachtsiri, Oxford Business Group Editor-in-Chief Oliver Cornock, BOI Chairman Upul Jayasuriya, Ceylon Chamber of Commerce Chairman Samantha Ranatunga, First Capital CEO Dilshan Wirasekara and Standard Chartered Commercial Banking Head Dushan Casie Chetty with the report – Pic by Ruwan Walpola

Sri Lanka needs to concentrate on a much-needed modernisation drive and structural reforms to improve growth, experts said yesterday, as the country attempts to break out of its low-middle income status.

Sri Lanka’s plans to boost economic growth, which places tourism development high on the agenda, towards a new era of optimism buoyed by strong growth, low unemployment and rising incomes were mapped out in a report by the Oxford Business Group.

Titled ‘The Report: Sri Lanka 2017’, it also highlighted Sri Lanka’s plans to capitalise on high levels of investor confidence and a $ 1.5 billion program with the International Monetary Fund (IMF) to implement a much-needed modernisation drive and structural reforms.

Speaking at the launch event, OBG Editor-in-Chief Oliver Cornock said the report this year has outlined that the reforms needed to help Sri Lanka reach its long-term goal of securing sustainable and inclusive economic growth were taking shape.

“The post-war years have brought impressive economic expansion and investor interest; pockets of poverty and inequalities remain an issue,” he added.

He said the finding suggests that Sri Lanka’s new administration is already moving to align its economic policy and address these weaknesses, while embarking on an infrastructural overhaul that will sit well with investors eyeing the country’s many opportunities.

Considering the global economic outlook, Cornock pointed out that growth in emerging markets is still very strong, adding that Sri Lanka is well located among huge growing engines like India and China.

OBG Managing Editor for Asia Paulius Kuncinas in a statement agreed that there was a tangible sense of optimism in Sri Lanka, with new trade deals in the pipeline and a shift in the economic landscape towards service-led industries.

“Sometimes overlooked, Sri Lanka has a fascinating story to tell, which most recently includes 15 years of continuous growth,” he said.

“With ambitious plans that include transforming the country into an international transport hub and driving new growth in the greater Colombo region, the Government’s bid to take Sri Lanka’s development to the next level looks to be well on track,” Kuncinas pointed out.

OBG analyses the part that improved transport infrastructure, including upgrades to ports and roads together with Customs reforms, will play in supporting Sri Lanka to strengthen trade and international relations, while building on its strategic location in the Indian Ocean.

It also explores the Government’s plans for developing the tourism sector further, while highlighting the activity already underway, which includes a raft of new hotel openings.

In addition, OBG looks in detail at the country’s fast-developing telecommunication and IT industry, which is being driven forward by rising demand for a wider range of services from a growing and increasingly tech savvy population. Other areas of Sri Lanka’s economy examined agricultural industry, which is earmarked for modernisation as a part of a national drive to boost both production and exports.

In addition to the launch event of the report, there was a discussion where experts shared their insights on the building blocks expected to drive growth across key sectors of the economy.

First Capital CEO Dilshan Wirasekara called for policy consistency as it had deterred the confidence and momentum of the economy with many investors waiting to see changes come into the system.

“No matter what policy, we need consistency. The latest example was the Budget 2017 which brought in a significant number of tax changes to the capital market which was implemented. This creates a ‘wait-and-see’ phase for foreign investors,” he added.

He said if the proposed Inland Revenue Act and Foreign Exchange Management Act would be put into place, it would help the building blocks which are critical to take Sri Lanka to the next level.

In addition, he said the implementation of the Central Counter Party (CCP) system at the Colombo Stock Exchange by the end of the year as well as digitalising the processes of financial services would bolster the investment climate in the country.

However, he said it was unfortunate that Sri Lanka was too dependent on banks and financial institutions, which “rip-off people.”

“It is important to acknowledge the importance of the capital market. The banks and financial institutes are ripping off the consumers. What we need is a financial disintermediation, which would allow investors to access the capital market directly for cheaper funding,” Wirasekara stressed.

Agreeing with Wirasekara, BOI Chairman Upul Jayasuriya also highlighted the need for regulations that allow investors to tap into private equity, which will also make their businesses more viable.

“We need to encourage private equity to come into the country,” he added.

He said that there are a number of factories that close down every month in the zones as the companies are unable to pay their bank loans.

“While attracting new investments to the country, it is also our duty to retain existing investors in the 12 zones we have at present. There are a number of companies closing down their factories every month as they are unable to repay bank loans.”

Noting that 15 new licensed zones will be launched under the BOI, Jayasuriya asserted that the Government has outlined special allowances in the Northern and Eastern provinces.

First Capital CEO panelist at 5th Annual Capital Market Conference

Mr. Dilshan Wirasekara, CEO First Capital Holdings PLC will be sharing his insights and expertise at the 5th Annual Capital Market Conference.

This year’s conference marks the 3rd consecutive year in which our CEO has been invited as a guest panelist representing the capital market industry in Sri Lanka.

The 5th Annual Capital Market (CAPM) Conference, organised by UTO EduConsult in conjunction with KPMG and Adl Capital as the Key Knowledge Partners, will be held for the fifth consecutive year on 21 February.

The event will witness senior personnel of the industry, including CEOs, Partners of Accounting and Legal firms, Investment Bankers, Realtors, Regulators et al participating in various panel discussions on the significant changes and developments taking place in the capital markets industry.    Read Full Article >

 

More Details on the Conference >

 

 

 

First Capital Holdings PLC an investment bank in Sri Lanka.

The company operates in the capital markets of Sri Lanka in government securities – treasury bills and bonds, stock brokering and share market investments, asset management, private wealth management,  retirement planning, personal financial planning, unit trust, margin trading, capital market research, trustee services, corporate finance advisory services including corporate debt structuring (debentures, trust certificates, commercial papers), valuations, restructuring, mergers and acquisitions, initial public offerings (IPOs) and project advisory. 

The First Capital Group consists of First Capital Treasuries PLC, First Capital Limited, First Capital Markets Limited, First Capital Asset Management Limited and First Capital Equities (Private) Limited covering Colombo, Negombo, Matara, Kandy and Kurunegala.

 

 

Sri Lanka’s changing investment landscape set for analysis in 2017 report

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).

Invest in Sri Lanka with First Capital Holdings Plc

The Report: Sri Lanka 2017 will look in detail at what the country’s capital markets sector is doing to prepare for an era of higher investment. Key developments set for analysis include a drive under way to modernise the industry and the emergence of new private equity groups on the scene.

OBG’s report will also consider the economic challenges that Sri Lanka currently faces, led by rising debt levels and balance of payment issues.

First Capital Holdings PLC has signed a second memorandum of understanding (MOU) with OBG for the publishing firm’s forthcoming report on the country. Under the MOU, the investment bank will team up with OBG once again to compile and produce the capital markets chapter of The Report: Sri Lanka 2017.

Dilshan Wirasekara, Group CEO, First Capital Holdings PLC, said he was confident that OBG’s 2017 report would play a pivotal part in highlighting the opportunities emerging across Sri Lanka’s economy to investors keen to tap into the country’s post-war economic expansion.

“Initiatives such as Oxford Business Group’s reports are helping to meet growing demand for up-to-date, accurate information on Sri Lanka at a time when efforts to attract new foreign investment for projects are gaining pace,” he said. “I look forward to partnering with the Group’s team and once again contributing to what is undoubtedly a valuable global research tool.”

Welcoming First Capital Holdings on board, Andrea Tsiachtsiri, OBG’s Country Director, agreed that the rolling out of big-ticket, capital projects, such as Colombo Port City and Megapolis, had heightened the need to keep business leaders updated on developments in Sri Lanka.

“Sri Lanka’s Government will be looking to its project pipeline to help ensure that future growth is broader and more inclusive,” she said. “First Capital has been a key player on Sri Lanka’s financial services industry for over 30 years, giving its experts an in-depth knowledge of the country’s capital markets and investment banking spectrum. I’m thrilled that our readers will once again benefit from its team’s input.”

The Report: Sri Lanka 2017 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will also contain interviews with leading representatives, including President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe and UN Secretary General Ban Ki-moon. It will be available in print and online.

First Capital Holdings PLC an investment bank in Sri Lanka.

The company operates in the capital markets of Sri Lanka in government securities – treasury bills and bonds, stock brokering and share market investments, asset management, private wealth management,  retirement planning, personal financial planning, unit trust, margin trading, capital market research, trustee services, corporate finance advisory services including corporate debt structuring (debentures, trust certificates, commercial papers), valuations, restructuring, mergers and acquisitions, initial public offerings (IPOs) and project advisory. 

The First Capital Group consists of First Capital Treasuries PLC, First Capital Limited, First Capital Markets Limited, First Capital Asset Management Limited and First Capital Equities (Private) Limited covering Colombo, Negombo, Matara, Kandy and Kurunegala.

First Capital wins Bronze – Financial Services Category at Annual Report Awards

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Chief Financial Officer of First Capital Holdings Mangala Jayashanth receiving the Bronze Award for “Financial Institutions” category at the 52nd Annual Report Awards  

Investment Bank First Capital Holdings PLC, won the Bronze Award for “Financial Institutions” category at the 52nd Annual Report Awards competition organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

Consisting of five subsidiaries providing a diverse range of advisory services and financial products including Capital Markets Advisory, Wealth Management, Fixed Income and Equities, First Capital Holdings PLC is the holding company deriving its income from the dividends from the group entities and income from its investments, which includes interest income and profit from investments. The company is listed on the Colombo Stock Exchange and is rated A- by ICRA Lanka Limited.

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First Capital Finance Team presents Bronze Award for Financial Institutions category to company CEO.  In picture; Manager Finance Dhilip Joseph, CEO Dilshan Wirasekara, CFO Mangala Jayashantha Senior Accountant Gihan Weerasinghe

“As a listed entity we strive to exemplify compliance, corporate governance, financial transparency, disclosure and effective communication in executing our business transactions. It is due to this focus on providing a true reflection of our fair value that we are able to provide a comprehensive viewpoint for the benefit of our shareholders, clients as well as in a broader context for our market participants” commented Chief Financial Officer of First Capital Holdings Mangala Jayashanth.

The theme for this year’s competition was ‘Precision Exemplified’ acknowledging publications that enhance Sri Lanka’s financial reporting standards to keep with global best practices of accountability, transparency and good governance.

Following a stringent process of analysis and evaluation the most outstanding Annual Reports of Sri Lankan companies be it a small-time non-profit organisation or a large-scale conglomerate were recognized at the gala event at under the patronage of honorable Minister of Finance Ravi Karunanayake with top corporate leaders and government officials also present.

First Capital power 37th National Conference of Chartered Accountants with Gold

First Capital Holdings PLC has committed to power the 37th National Conference of Chartered Accountants with Gold sponsorships.

The annual flagship event, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is to be held from 19 to 21 October, under the theme ‘Unleashed Thinking: Entrepreneurship and Intrapreneurship.’ The conference which has built a reputation as a leading business summit in the country, is expected to attract over 1,500 business leaders including chartered accountants and leaders from other professions.

First Capital Holdings Group Chief Executive Officer Dilshan Wirasekara said that First Capital is delighted to sponsor a benchmark event such as the National Conference of Chartered Accountants for the third successive year. “We see the impact that national level events such as this conference have on the maintenance of high professional standards and practices across the industry as Sri Lanka’s capital market enters the next phase of growth,” he said.

“This year’s conference is expected to focus on the potential of entrepreneurship and intrapreneurship, specifically on how it can benefit Sri Lanka to drive the country to the next level, boosting its standing as a global player in the international business arena.
Reputed as a business summit, the conference aims to stimulate vibrant innovative entrepreneurs and intrapreneurs whilst establishing high profile market leading companies to be ready for the new challenges that they will have to face as a result of disruptive technology, consumer demand and the aspirations of millennial workforce,” he said.

Welcoming the companies onboard, CA Sri Lanka President Lasantha Wickremasinghe said as a highly respected professional organization, the institute takes it upon their responsibility to give the necessary boost not only to enhance the standing of the accounting and finance professions, but also to be a catalyst in helping Sri Lanka’s achieve its growth goals.

“As a country, we have great potential to be a global player, and we believe this summit which attracts a significant representation of corporate leadership, will be the perfect platform to promote and stimulate upon the importance where both entrepreneurs and intrapreneurs  can take the lead to help Sri Lanka achieve it’s true potential,” Wickremasinghe said.

Read More…

First Capital Chief Executive Officer Dilshan Wirasekara, Senior Manager – Business Development and Corporate Planning Kosala Liyanagedara and Manager Branding and Marketing Services Nisansala Munasinghe exchanging the sponsorship cheque with CA Sri Lanka President Lasantha Wickremasinghe, Vice President Jagath Perera, Conference Committee Chairman Tishan Subasinghe and CEO Aruna Alwis
First Capital Chief Executive Officer Dilshan Wirasekara, Senior Manager – Business Development and Corporate Planning Kosala Liyanagedara and Manager Branding and Marketing Services Nisansala Munasinghe exchanging the sponsorship cheque with CA Sri Lanka President Lasantha Wickremasinghe, Vice President Jagath Perera, Conference Committee Chairman Tishan Subasinghe and CEO Aruna Alwis

CIM Sri Lanka partners First Capital Holdings for cross-discipline knowledge sharing

CIM Sri Lanka Vice Chair Brian Selvanayagam, CIM Sri Lanka Chairman Sanjika Perera, First Capital Holdings Chief Executive Officer Dilshan Wirasekara and Nisansala Munasinghe from First Capital Holdings’ Branding and Marketing Services
CIM Sri Lanka Vice Chair Brian Selvanayagam, CIM Sri Lanka Chairman Sanjika Perera, First Capital Holdings Chief Executive Officer Dilshan Wirasekara and Nisansala Munasinghe from First Capital Holdings’ Branding and Marketing Services

 

 

The Chartered Institute of Marketing Sri Lanka entered into a strategic partnership with First Capital Holdings PLC, one of the country’s leading investment banks, to lay the foundation for a cross-discipline knowledge sharing platform.

Further strengthening the aspiration to build awareness and share industry knowhow a Memorandum of Understanding (MOU) was signed between CIM Sri Lanka and First Capital, committing to goals mutually benefiting both organisations.

Commenting on the partnership, CIM Sri Lanka Chairman Sanjika Perera said: “As CIM Sri Lanka enters its 21st year in developing professional education in the Island it is a privilege to partner First Capital Holdings PLC with over 30 years’ experience in investment banking to increase awareness around both industries through a series of initiatives planned to unfold during the year.”

First Capital Holdings Chief Executive Officer Dilshan Wirasekara said: “We at First Capital are pleased to collaborate with a renowned professional body such as the Chartered Institute of Marketing Sri Lanka. In our commitment towards setting industry standards, we are constantly seeking to sharpen our competitive edge by working together with leading professional bodies. We believe this partnership will benefit both organisations to increase its footprints by sharing insights and understanding about our industries.”

CIM Sri Lanka is the first International branch of CIM UK and is proud to claim the largest membership outside the UK. CIM Sri Lanka has always campaigned for high professional standards, greater recognition for the Profession and Marketing excellence in Sri Lanka through education, training and development.

First Capital Holdings PLC is a full-service investment bank providing a diverse range of advisory services and financial products. The company’s integrated business platform comprises four specialised areas – Capital Markets Advisory, Wealth Management, Fixed Income and Equities.

First Capital currently serve an array of companies, institutions, government agencies, high net worth individuals and retail clients seeking truly objective advice, innovative solutions and execution expertise. The Company is listed on the Colombo Stock Exchange and is rated A- by ICRA Lanka Ltd.

Source: Daily FT | Published : September 7, 2016