Tag Archives: Invest Sri Lanka

Photo Caption – Podium Participants (L-R)
CEO of the CSE Mr. Rajeeva Bandaranaike, Director of the CSE and Director/CEO of First Capital Treasuries PLC Mr. Dilshan Wirasekara, Managing Director of First Capital Treasuries PLC Mr. Dinesh Schaffter, Chairman of First Capital Treasuries PLC Mr. Nishan Fernando, Director of First Capital Treasuries PLC Ms. Minette Perera, Director of First Capital Treasuries PLC Mr. Chandan de Silva, Chief Regulatory Officer of the CSE Mr. Renuke Wijayawardhane, Head of Listings of the CSE Ms. Vinduni Dullewe

The shares of First Capital Treasuries PLC (CODE: FCT-N-0000) commenced trading on the Colombo Stock Exchange (CSE) today. The shares have been listed on the Diri Savi Board of the CSE under the “Investment Banking & Brokerage” sector. The occasion was marked with a special Bell Ringing Ceremony.
Representing First Capital Treasuries PLC, Chairman Mr. Nishan Fernando, Managing Director Mr. Dinesh Schaffter, Director/CEO Mr. Dilshan Wirasekara, Directors Ms. Minette Perera, Mr. Chandan de Silva joined the event.
The CSE was represented by Chief Executive Officer Mr. Rajeeva Bandaranaike, Chief Regulatory Officer Mr. Renuke Wijayawardhane and Head of Listings Ms. Vinduni Dullewe at the event.

CEO of the CSE, Mr. Rajeeva Bandaranaike, speaking at the ceremony, congratulated First Capital Treasuries PLC on its initiative to go public. “With the history of nearly 40 years first capital treasuries has functioned as a pioneer licensed primary dealer appointed by the central bank to deal in government securities and we are happy to see that First Capital Treasuries is now opening its doors to the public, to join their journey of wealth creation.
Commenting of the Performance at the CSE, Mr. Bandaranaike added “As we conclude 2021. We are delighted to note, that the CSE has showcased a strong growth trajectory, both in terms of capital raising, as well as price growth and being of immense value to Sri Lankan corporates. As you know Sri Lankan companies are increasingly recognizing the stock exchange as a platform to achieve greater financial freedom, improved access to capital, enhanced global profile, access to liquidity, and also an attractive proposition to tap into the global capital pool.”

Speaking at the event, Chairman of First Capital Treasuries PLC, Mr. Nishan Fernando, thanked the CSE, the investor community, staff members of First Capital Treasuries PLC and the media for the support extended during the IPO. Speaking on the listing experience he added, “Taking the company public has been part of our strategic plan for some time now. Listing and trading shares publicly gives a boost to both the brand equity and the trustworthiness of any company. It also gives the company the opportunity to truly understand its perceived value in the market. Then, there are the tax exemptions being offered by the government. Taking all these benefits into consideration, we felt that the time was right for us to invite the general public to be a part of First Capital Treasuries’ growth story.”
Commenting on the performance of the CSE Mr. Fernando added, “I commend the CSE for their outstanding work over the last couple of years and look forward to seeing them do more to encourage other companies to list. The market has seen a good number of listings take place this year. I believe this will continue.”

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For the First Time in Sri Lanka First Capital Implements Digital Onboarding

August 23, 2021 Nisansala Munasinghe

20 August 2021, Colombo – Breaking barriers in the non-bank financial services space, First Capital introduces ’digital onboarding’ to facilitate non-face-to-face Account Opening for Unit Trusts and Government Securities clients for the first time in Sri Lanka. Together with the Stock Brokering arm that facilitate digital onboarding through the CSE Mobile App, the Company offers a fully integrated digital account opening process, mitigating the long trail of paperwork and physical meetings.

First Capital, a Janashakthi Group Company uses state-of-the-art video verification, abiding by the guidelines issued by the Financial Intelligence Unit of the Central Bank of Sri Lanka, directly accessing the database of the Department of Registration of Persons to verify customer national identity card (NIC) information, allowing individuals with a valid Sri Lankan NIC to open an account.

Commenting on the new development Dilshan Wirasekara, Director/ Chief Executive Officer, First Capital Holdings PLC, said, “as an organization, we are at the forefront of digital transformation and are committed to developing our digital services to provide an enhanced customer experience. Adapting to the new operating environment, whilst increasing the ease of doing business and speed of performance are key strategies that we are focusing on. As such, the introduction of digital onboarding is a timely development that enable us to broad base our service offering, while keeping our staff, clients, and community safe.

Clients can access account opening forms for Unit Trusts and Government Securities investments at www.firstcapital.lk, while accounts for the Stock Brokering arm can be opened through the CSE Mobile application (by selecting First Capital Equities as the preferred Stockbroker). Once the digital documentation has been submitted to the Company, customers can choose a convenient time for a video call with a First Capital representative for the verification process.

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About First Capital

First Capital is a member of the Janashakthi Group focused on delivering ‘Performance First’ through its operations as primary dealer, stockbroker, corporate advisory, debt structuring and wealth management.

With over three decades of expertise in providing capital market solutions, First Capital Holdings PLC is the only listed full-service investment institution in Sri Lanka. First Capital Holdings PLC is rated [SL]A with Stable outlook by ICRA Lanka Ltd.

The First Capital Holdings PLC Board of Directors comprises of Nishan Fernando (Chairman), Dinesh Schaffter (Managing Director), Dilshan Wirasekara (Director / Chief Executive Officer), Prakash Schaffter, Ramesh Schaffter, Eardley Perera, Minette Perera, Chandana de Silva and Nishan de Mel.

Investment Banking in Sri Lanka, First Capital, Investing in Sri Lanka, Stock Market, Sri Lanka, Market Update, Sharemarket investment in Sri Lanka, Corporate, Market, Stock Brokers

Lets Talk Delivery vs Payment (DVP)

June 21, 2021 Nisansala Munasinghe

Delivery vs Payment (DVP) System is an important change to the Sri Lankan Equity Market and will uplift the CSE to be on-par with regional Markets and also, elevate Sri Lanka to an Emerging Market status.

DVP is an efficient system that will not impact investors’ credit, day trading, and cost of trading, settlement will still be on T+3.

Additionally, this globally accepted practice will minimize settlement risk and strengthen the overall credibility and integrity of the CSE, making the Sri Lankan Equity market attractive to Foreign Investors.

The change will mainly be between the Stockbroker Backoffice system and the CSE and, will hopefully be implemented by end of July 2021.

Watch Jaliya Wijeratne CEO of First Capital Equities and President Colombo Stock Brokers Association together with officials from the Securities and Exchange Commission of Sri Lanka and the Colombo Stock Exchange answer questions sent by the investor community.

If you have any questions or concerns regarding the implementation of DVP, please email equities@firstcapital.lk

Watch now – https://fb.watch/6fYcXfjnaD/

Events, Investment Banking in Sri Lanka, Investing in Sri Lanka, Issues Managed by First Capital, Sri Lanka, Market Update, Sharemarket investment in Sri Lanka, Corporate, Market

Potential of Corporate Debt Capital – Sri Lanka Investment Forum 2021

June 10, 2021 Nisansala Munasinghe

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

First Capital, Stock Market, Sri Lanka, Sharemarket investment in Sri Lanka, Corporate, Market, Stock Brokers

TRADE THE RIGHT WAY – Online Trading

June 9, 2021 Nisansala Munasinghe

First Capital is home to one of the largest financial research capabilities of its kind.

When you are trading from home, make sure to choose First Capital as your stockbroker, so that you have access to plenty of insights and experts who’ll share with you the trends and analytics to make the right trading decisions in a snap of time.

Call us on +94112639888 or email info@firstcapital.lk and we will have our team reach out to you with more information.

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Mid-year Outlook – 3rd Research Conference

September 21, 2020 Nisansala Munasinghe

First Capital presents “Mid-year Outlook – 3^rd 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, 22^nd 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?”.