Tag Archives: Dilshan Wirasekara

First Capital Equity Forum 2021 – Life Insurance and Port City

View our live discussion on the Sri Lanka Life Insurance Sector with industry veterans on 15th July 2021.
Followed by dialogue around the Colombo Port City Economic Commission Act.
Expert panelists include :
• Iftikar Ahamed – Managing Director Softlogic Life Insurance PLC
• Prakash Schaffter – Executive Chairman Janashakthi Insurance PLC
• Harshanee Deshapriya – Group Chief Legal Officer Janashakthi Limited
• Dilshan Wirasekara – Director/ Chief Executive Officer First Capital Holdings PLC (Moderator)

 

Watch the Video Here>>

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Announcing the First Capital Equity Forum – ‘Life Insurance and Port City’

First Capital Holdings PLC has organized an investor forum titled “First Capital Equity Forum – Life Insurance and Port City to be held on Thursday 15th July 2021, from 3.30 p.m. to 5.00 p.m. The forum will be presented as a virtual form, via Zoom and Facebook Live.

The event is geared to provide participants with an overview of our expectations on the Life Insurance Sector, followed by a panel discussion on the Life Insurance Sector and a dialogue on the Colombo Port City Economic Commission Act.

Register now >> https://tiikm.zoom.us/webinar/register/WN_dNaqmxC8QqKZqf_Ez4ojjA

Read the full report >> https://firstcapital.lk/reports/life-insurance-sector-22-jun-2021/ 

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First Capital Partners with Habitat for Humanity Sri Lanka to Build Homes and Transform Communities

First Capital Holdings PLC launches a three-year CSR programme by partnering with Habitat for Humanity Sri Lanka to build homes for families in need. Through this partnership, First Capital will pledge LKR 15 million to implement the ‘First Capital Housing Project’ in the Galle District; providing deserving low-income families with safe and stable homes.

Caption – The First Capital Housing Project was launched through an MOU signing ceremony held virtually between First Capital Holdings PLC and Habitat for Humanity Sri Lanka.

First Capital, a member of the Janashakthi Group, provides capital market solutions, through its operations as a primary dealer, stockbroker, corporate advisory, debt structuring, and wealth management, delivering on its brand promise ‘Performance First’.

Habitat for Humanity Sri Lanka, an international housing and shelter non-profit is a member of the Habitat for Humanity International network and has been in operation in Sri Lanka for over 27 years. Having implemented numerous large-scale housing projects such as the Indian Housing Project and the Homes, not Houses Project funded by the European Union, Habitat Sri Lanka has assisted more than 27,000+ families across the country to build homes and improve their shelter conditions.

Moving beyond the typical CSR initiative, the First Capital Housing Project will focus on constructing homes that are not only durable and safe, but also environmentally sustainable. Promoting eco-friendly and climate-appropriate construction practices, Habitat for Humanity Sri Lanka will construct the homes of the First Capital Housing Project using Compressed Stabilized Engineered Blocks (CSEB).

Experts claim earth-based construction materials such as CSEB, surpass conventional construction methods as they are more energy-efficient due its low carbon footprint and use of locally sourced materials, providing an alternative to mining river sand. These earth-based blocks also have the ability to absorb atmospheric moisture allowing the walls to be much cooler and more thermally efficient when compared with conventional brick and mortar homes. Habitat for Humanity Sri Lanka has currently constructed nearly 1,000 homes using earth-based construction materials for resettled families in the North and East of Sri Lanka, funded by the European Union.

Commenting on the significance of this new partnership with Habitat for Humanity Sri Lanka, First Capital Holdings PLC Director / CEO Dilshan Wirasekara said, “As a group, we have taken the route of community building as an extension to our long-standing legacy and reputation of contributing to nation-building initiatives. We are delighted to partner with Habitat for Humanity Sri Lanka, as we believe this partnership holds strong synergies with our corporate values and brand promise. The three-year collaboration enables us to witness far-reaching impacts of this initiative considering the long-term benefits of supporting low-income families with safe housing.”

Echoing Wirasekara’s sentiments, Habitat for Humanity Sri Lanka National Director, Yu Hwa Li said, “We are grateful to First Capital Holdings for its commitment to building homes and transforming communities through the First Capital Housing Project. Habitat Sri Lanka has constructed affordable homes for more than 110,000 individuals across the country. These efforts have been possible through the generous donations we have received from institutional and corporate donors like First Capital. We look forward to enriching the lives of the low-income families who will benefit from this project by providing them with decent, stable, and safe places to call home.”

Caption –

The First Capital Housing Project was launched through an MOU signing ceremony held virtually between First Capital Holdings PLC and Habitat for Humanity Sri Lanka.

Pictured Left to Right:

Dilshan Wirasekara – Director/CEO, First Capital Holdings PLC; Yu Hwa Li – National Director, Habitat for Humanity Sri Lanka; Melissa Jayasuriya – Senior Manager, Corporate Relations and Resource Development, Habitat for Humanity Sri Lanka, and Nisansala Munasinghe – Senior Manager, Branding and Marketing Services, First Capital Holdings PLC.

Potential of Corporate Debt Capital – Sri Lanka Investment Forum 2021

Sri Lanka Investment Forum Livestream, in which our Director, CEO, Dilshan Wirasekara moderated a discussion on the Potential of Corporate Debt Capital with Senaka Kakiriwaragodage – Director, Chief Executive Officer for NDB Capital Holdings Limited and Vishnu Balachandran – Executive Vice President for CAL.

View the session: https://m.youtube.com/watch?v=xmQCT4nyVjQ

 

JANASHAKTHI GROUP: FROM FAMILY BUSINESS TO CONGLOMERATE

THE WORD JANASHAKTHI MEANS ‘THE STRENGTH OF THE PEOPLE’ AND IT BEGAN WITH A FAMILY OVER TWO DECADES AGO

Janashakthi Group Chairman Chandana de Silva and Managing Director/ Group CEO Ramesh Schaffter discuss the company’s humble origins and transformation into a leading diversified conglomerate in the country. They also share insights on how different businesses and people across the group are aligned to a single vision to embark on the transformational journey envisioned for the group and explore new avenues of growth.

Tell us how Janashakthi Group is creating synergies between its different business units for growth?

Schaffter: Our group’s businesses are leaders in their respective industries, and we have now aligned ourselves to further strengthen our business operations. This business model allows the group companies to share services and leverage synergies and access expertise across a range of functions. Our strength has been our leadership, both at management and board level, who bring a variety of skills and experience from diverse backgrounds. We believe operational excellence and customer service are essential requirements for growth and for staying ahead of the competition.

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First Capital steps forward as Principal Sponsor of the SSC Open Tennis Championships 2021

Colombo 17th February 2021; Investment institution First Capital Holding PLC has come forward as the principal sponsor for the SSC Open Tennis Championships. The SSC Open 2021 is to be conducted from 19th February to 7th March 2021 at the Singhalese Sports Club (SSC) Tennis courts. The championships will be the first major open ranking tournament for the year 2021 having already attracted more than 650 entries and is one of the most anticipated events for the year.

“First Capital is pleased to sponsor the SSC Open Tennis Championships, as we see the impact of tournaments such as this in upholding high standards and enabling high performance.  The Championships have a strong synergy with our corporate values and our brand promise to deliver ‘performance first’. We are confident this partnership will further strengthen the association between our organizations and enable the upliftment of the sport across Sri Lanka”, stated Mr. Dilshan Wirasekara, Director / Chief Executive Officer of First Capital Holdings PLC, at the event to announce the Principal Sponsorship held recently.

The championships will be conducted under the purview of the governing body of the sport, the Sri Lanka Tennis Association and organized by the SSC Tennis House Committee. ‘All health and safety guidelines recommended by the Ministry of Health will be adhered to in conducting the championship, ensuring maximum safety to its participants and stakeholders at large’ said Mr Chammika De Silva the Tournament Director of the SSC Tennis Championships 2021.

The SSC Open Tennis Championships has had a long history and has gained prominence as a steppingstone for young talent, with most of its winners moving on to the national and international stage in the years ahead. This makes the championships one of the most sought-after fixture in the Sri Lankan Tournament calendar, also gaining the trust in its participant as a well-organized event. The championships will comprise of Girls and Boys events from under 12 to under 18 (Singles & Doubles), Men’s and Women’s Singles and Doubles, Mixed Doubles and Veterans events for over 35, over 45 & over 55 age groups.

Long standing supporters of the SSC Open Tennis Championships, Diesel and Motor Engineering PLC (DIMO) and 3 G Sports (Head Tennis Balls) will continue as co-sponsor and the main ball sponsor respectively. Further co-sponsors include ABC Shipping and Ceylon Biscuits Limited (CBL), which will be the nutrition sponsor. The Peoples Bank has also come forward to support the SSC Open this year.

Mr. Mufaddal Hazari, an International Tennis Federation qualified official with long years of experience will serve as the tournament referee.

(Insert photo – with caption) ‘Mr.  Dilshan Wirasekara, Director / Chief Executive Officer, First Capital Holdings PLC (on the Right) handing over the Sponsorship Cheque to Mr. Vasantha Wijesekera, Honourary Secretary, Singhalese Sports Club’, also in the picture (L-R), Mr. Neshan Gunasekera, Honourary Chairman, SSC Tennis House Committee, Mr. Nilanka Peiris, Honourary Treasurer, SSC, Ms. Nisansala Munasinghe, Manager Branding and Marketing Services First Capital Holdings PLC and Mr. Chandana De Silva, Director, First Capital Holdings PLC’

Photo credit – Mr Kamal Wanniarachchi of The Island

 

First Capital Holdings PLC Announces Appointment of COO

First Capital Holdings PLC has announced the appointment of Tharusha Ekanayake as its Chief Operating Officer (COO) with effect from 09th November 2020. A banking and finance professional, he previously held the role of Vice President / Deputy Head of Treasury – Nations Trust Bank PLC. Tharusha brings 21 years of experience in financial services, spanning Fixed Income Securities, Treasury and Investment Banking activities.

Working across all subsidiaries of the Group, Tharusha will play a critical role in strengthening the Company’s Fixed Income Dealing, Structuring and Trading activities and also Capital Markets Advisory services.

Speaking about the appointment, Director / Chief Executive Officer of First Capital Holdings PLC, Dilshan Wirasekara said: “Tharusha Ekanayake joins us at a crucial juncture in order to drive the future growth of our group businesses. He brings with him a wealth of knowledge on fixed income, further fortifying First Capital’s position as the leader in this space.

Tharusha holds a Bachelor of Science, Special Degree in Chemistry – Honours from the University of Peradeniya.

First Capital Holdings PLC issuer rating upgraded to [SL]A by ICRA Lanka Limited

Stock Brokers in Sri Lanka

ICRA Lanka, has upgraded the issuer rating of First Capital Holdings PLC to [SL]A with Stable outlook from [SL]A- with Stable outlook.

ICRA Lanka has taken a consolidated view of the First Capital group, comprising of First Capital Holdings PLC and its subsidiaries, which is involved in a range of financial services such as primary dealership, equity trading, corporate advisory, debt structuring and asset management. There is a strong interlink between the entities through sharing of a common brand, management team, systems and group treasury functions.

The ratings upgrade factors in the status of the company as the holding company of First Capital Treasuries PLC, the leading standalone primary dealer currently in Sri Lanka with an issuer rating of [SL]A with Stable outlook. The ratings upgrade also factors in the improvement in the capital and gearing profiles, good market position offering diverse financial services, a strong senior management team, risk management processes to reduce market and operational risks, as well as improvement in the capitalization profile through healthy internal generation.

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In photos –

  • Nishan Fernando – Chairman, First Capital Holdings PLC
  • Dilshan Wirasekara – Director/Chief Executive Officer, First Capital Holdings PLC

ICRA Lanka upgrades the ratings of First Capital Treasuries PLC to [SL]A

Rating action

ICRA Lanka Limited, has upgraded the issuer rating of First Capital Treasuries PLC (FCT or “the Company”) to [SL]A (pronounced SL A) from [SL]A- (pronounced SL A minus).

ICRA Lanka has also upgraded the issue rating of the LKR 750 Mn Subordinated, Unsecured, Redeemable Debenture programme of FCT to [SL]A- (pronounced SL A minus) from [SL]BBB+ (pronounced SL triple B plus).

The issue rating of [SL] BBB+ (pronounced SL triple B plus) with stable outlook for the LKR 500 Mn Subordinated, Unsecured, Redeemable Debenture programme of the company has been withdrawn as the said debentures have matured and there is no amount outstanding against the rated instrument. The outlook on the long term ratings remains Stable.

Rationale

ICRA Lanka has taken a consolidated view of the First Capital group (comprising of First Capital Holdings PLC and its subsidiaries), which is involved in a range of financial services such as primary dealership, equity trading, corporate advisory, debt structuring and asset management. There is a strong interlink between the entities through sharing of a common brand, management team, systems and group treasury functions.

The ratings upgrade considers the healthy performance of FCT (a subsidiary of First Capital Holdings PLC rated [SL]A), following the robust earnings of LKR 1,208 Mn and LKR 1,356 Mn in FY2020 and Q1 of FY2021, respectively, in comparison to LKR 96 Mn in FY2019 (LKR 1,671 Mn in FY2018).

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Mid-year Outlook – 3rd Research Conference

First Capital presents “Mid-year Outlook – 3rd Research Conference” a follow-up to the hugely successful “Investment Strategy 2020 – 2nd Research Conference” held in February 2020, at the Oak Room, Cinnamon Grand.

The event is geared to provide participants of the investment community, an overview of our expectations on the economic front mainly on interest rates, AWPLR, exchange rate, bond expectations, GDP forecast etc.

Mid-year Outlook 2020 webinar will be held on Tuesday, 22nd September 2020 at 3.00 pm.

Presenters, Dimantha Mathew and Atchuthan Srirangan from our Research Team will take you through a recap of recommendations of Jan 2020 and post covid-19 revisions, in addition to discussing “Why W-Shaped Recovery?”.

Register today by clicking https://tiikm.zoom.us/webinar/register/WN_J5980arwT5GU3R4yJIPwLA