First Capital Wins GOLD at SLITAD People Development Awards
First Capital Holdings PLC has been recognized for its outstanding commitment to employee development, winning the coveted Gold award at…
Janashakthi Life Posts 45% Growth in Premiums & Other Operating Revenue Surges 111%
Janashakthi Life, a leading life insurance provider in Sri Lanka, is pleased to announce exceptional financial results for the first-half…
First Capital Holdings Delivers Profitable Start to FY24/25
First Capital Holdings PLC (the Group) reported a Profit After Tax of Rs. 582 million for the quarter ended 30…
First Capital Holdings PLC Announces Strategic Board Appointments, Led by Rajendra Theagarajah as Chairman
First Capital Holdings PLC, a member of the Janashakthi Group, is pleased to announce key appointments to its Board of…
PAYable Pvt Ltd Completes LKR 80 Billion in Transactions
Sri Lankaās leading Fintech service provider announces appointment of Mr. Rajendra Theagarajah as Chairman of the Board. PAYable Pvt Ltd,…
Dr. Gehan Gunatilleke Appointed to Janashakthi Life Board
Janashakthi Insurance PLC, a member of the Janashakthi Group, announces the appointment of Dr. Gehan Gunatilleke as an Independent, Non-Executive…
First Capital Stands as the Principal Sponsor of the SSC Open Tennis Championship for the Third Consecutive Year
First Capital Holdings PLC has come forward as the principal (title) sponsor of the SSC Open Tennis Championship for the…
Adani Green completes JV with TotalEnergies, raises USD 300 million
ā AGEL completed the transfer of 1,050 MW renewable portfolio to a JV between AGEL and TotalEnergies ā AGEL contributed…
Janashakthi Life Great Manager Awards Launched Setting New Standards for Leadership.
Janashakthi Life, a leading life insurance provider in Sri Lanka, recently launched the “Janashakthi Life Great Manager Awards” to celebrate…
First Capital Wins GOLD at TAGS Awards 2023 for Inclusive Reporting Excellence.
First Capital Holdings PLC, the pioneering investment institution, has secured a prestigious accolade at the TAGS Awards 2023, organized by…
The Urgency of Revolutionizing Sri Lanka’s Energy Landscape
The government has already explored the offshore wind power potential in the country especially in the North and East, expediting…
U.S. International Development Finance Corporation, Americaās development finance institution, to fund CWIT, Adaniās JV in Sri Lanka, for USD 553 Million
Development of CWIT will support the growth of the Sri Lankan economy U.S. fund will support development of deepwater shipping…
First Capital Reports Impressive Financial Performance with Profits Soaring to Rs. 2.81 Billion
First Capital Holdings PLC (the Group) announces its outstanding financial performance for the first quarter ended June 30, 2023. The…
Recognizing Excellence: Janashakthi Life’s Achievers Shine at Golden Night Event at Lotus Tower, Colombo.
Janashakthi Life, a pioneering life insurance provider in Sri Lanka, recently hosted the ‘Janashakthi Life Achievers Golden Night,’ at the…
First Capital Treasuries PLC appoints Sachith Perera as CEO and Dilshan Wirasekara to lead Group’s expansion strategy.
First Capital Treasuries PLC, Sri Lankaās oldest operating non-bank primary dealer, announced the appointment of Sachith Perera as the companyās…
First Capital Retains Crown as the Most Valuable Consumer Brand in the Investment Banking Sector – Brand Finance Rankings 2023
First Capital, the pioneering investment institution in Sri Lanka, is delighted to announce its triumph as the ‘Most Valuable Consumer…
Financial services industry veteran Sunimal Weerasooriya joins the advisory board of the global cybersecurity firm, Scybers
Scybers Inc, the global cybersecurity firm, today announced the addition of Sunimal Weerasooriya, a highly experienced financial services technology professional,…
First Capital Colombo Investor Symposium Concludes with Great Success
First Capital, the pioneering investment institution and non-bank market leader in primary dealing, successfully concluded the 8th edition of the…
Binance Receives Coveted Security and Privacy Certifications
Binance, the worldās leading blockchain and crypto infrastructure provider, announced today that it has been awarded the coveted ISO 27001…
Debunking a crypto myth: Is crypto really bad for the environment?
The environmental impact of cryptocurrencies has been a widely-discussed topic in recent years, with many believing that the underlying technology…
First Capital Holdings PLC delivers Extraordinary Financial Performance, setting a New Benchmark in its Four-Decade Legacy.
First Capital Holdings PLC (the Group), a member of the Janashakthi Group, announces its impressive financial results, and a remarkable…
Gulf Binance granted digital asset operator licenses in Thailand
Gulf Binance Co., Ltd., (āGulf Binanceā), a joint venture between Binance and Gulf Innova Co., Ltd. (āGulfā) has been granted…
Regulatory Harmonization to Drive Crypto Adoption
By Leon Foong, Head of APAC, Binance The events in 2022 served to remind us of the importance of regulatory…
Janashakthi Life revolutionizes the life insurance market with a pioneering savings solution
A pioneering life insurer, Janashakthi Life, announced the launch of āDream Saverā the newest addition to their insurance portfolio with…
Binance Renews Commitment to Support Women in Tech
With an increased focus on women-focused education, mentorship and scholarships, crypto exchange aims to level its industryās gender gap Ahead…
Sri Lanka Retail Forum 2023 highlights strategies for navigating economic crisis in retail sector
The Sri Lanka Retailersā Association (SLRA), the apex body of organised retail in Sri Lanka, recently concluded the annual Sri…
Binance Academy Reinforces its Commitment to Increasing Crypto Literacy
Unique views on the Binance Academy website increased by 204% in 2022. Changpeng Zhao or CZ, CEO and Founder of…
Binanceās Predictions for the Year 2023, the Year of the Rabbit
The year 2023 is the year of the Rabbit according to the Chinese Zodiac Calendar. The rabbit is known to…
Sri Lanka Banking Conference āSurfing Through the Crisisā Can the banking sector survive this economy, or can it help the economy survive?
EY, SRI LANKA, ā EY successfully concluded its inaugural Sri Lanka Banking Conference themed āSurfing Through the Crisisā on 14…
Sri Lanka’s oldest NBFI – Alliance Finance delivers a robust performance despite challenging economic conditions
Alliance Finance Company PLC ( AFC), the First Company in South Asia to achieve the prestigious endorsement of āa holistic…
Orient Finance rises above challenges to deliver strong results
Posting a steady performance, Orient Finance PLC, a member of the Janashakthi Group and a leading financial service provider, recorded…
SMIB announces appointment of new CEO
The State Mortgage and Investment Bank (SMIB), a leading state-owned bank in Sri Lanka with 90 years of history, announced…
Janashakthi Foundation partners with CEPA and YUMA Foundation to produce Sri Lankaās first Trilingual Inequality Research Report
Janashakthi Foundation, the Philanthropic arm of Janashakthi Group, partnered with the Centre for Poverty Analysis (CEPA) and YUMA Foundation, to…
Singer wins Retail Brand of the Year for the second consecutive time at Global Banking and Finance Review Awards 2021
Singer (Sri Lanka) PLC, the countryās premier consumer durables retailer was recently bestowed with the coveted āRetail Brand of the…
Class of COVID-19: Next generation of bankers fear for future
(Reuters) : It wasnāt the introduction to high finance that Adi Patel had once anticipated. The stage fright of walking…
Banking Sector Lending Rates Hints a Comeback While Deposit Rates Continues to Fall
Sri Lanka’s banking sector’s Average Weighted Prime Lending Rate (AWPR) reached a new monthly high of 5.86 percent at-end April…
Basel Committee proposes amendments to rules on haircut floors for securities financing transactions
The Basel Committee on Banking Supervision has published for consultationĀ two technical amendments to the standard on minimum haircut floors for…
BIS launches second green bond fund for central banks
The Bank for International Settlements (BIS) has launched a euro-denominated, open-ended fund for green bond investments by central banks and…
Fintech can drive a strong post-COVID-19 recovery in Asia
ByĀ Bambang Susantono The pandemic has highlighted the power of digital technology. Now is the time to harness this power for…
HSBC to axe 82 UK branches, cut services in others
(Reuters) – HSBC plans to axe 82 branches in Britain this year after a drop in footfall across its retail…
Financial, industrial stocks raise Sri Lankan shares about 1% higher
(Reuters) – Sri Lankan shares ended nearly 1% higher on Wednesday, boosted by financial and industrial stocks. The benchmark stock…
Sri Lanka end 2020 with $5.7 billion in FX Reserves
The Central Bank (CB) estimated the country’s foreign reserves st $5.7 at the end of 2020, with an import cover…
Sri Lanka’s Worsening Credit Quality in the Household Sector Raises Concerns
Sri Lanka’s household sector credit quality continued to decline during the first half of last year signaling a plausible build-up…
Licensed Banks to come under requirements to implement Recovery plans
Sri Lanka’s Licensed Banks come under requirements to implement Recovery plans in order to strengthen crisis preparedness and to enhance…
CB expects foreign inflows from its domestic and foreign counterparts
The Central Bank (CB) says it’s in negotiations with its domestic and foreign counterparts to boost the level of foreign…
Sri Lanka’s Banks are unlikly to return to Pre-covid proftiability levels in 2021
Sri Lanka’s Banks are unlikly to return to Pre-covid proftiability levels next year, Fitch Ratings said in a special report.…
Justice K. Sripavan to become the New Chairman of Commercial Bank
The Board of Directors of Commercial Bank has resolved to appoint Justice K. Sripavan as the New Chairperson of the…
Central Bank Promotes Yvette Fernando, Dhammika Nanayakkara as Deputy Governors
The Central Bank (CB) announced that Yvette Fernando, Dhammika Nanayakkara promoted as Deputy Governors to fill the positions vacated by…
Financial Regulators to face dilemma once the withdrawal from Covid-19 measures begins
The Financial Regulators across the World will face a dilemma once the withdrawal from Covid-19 measures begins as to how…
Binance adds Sri Lankan Rupee to its P2P trading list
Binance, one of the largest cryptocurrency exchanges in the World has added Sri Lanka Rupee to its peer-to-peer trading list.…
SriLanka’s foreign Reserves falls to record low levels
Sri Lanka’s gross foreign reserves fell to $5.54 billion, the lowest levels seen since April 2017. Amidst, COVID-19 infused crisis,…
Sri Lanka’s banks became more flexible in lending in 3Q
Sri Lanka’s banking sector was more open to lending for borrowers in retail, corporate, and SME categories in the third…
Swiss National Bank moves closer towards digital assets
The Bank for International Settlementsā (BIS) Innovation Hub joined the Swiss National Bank (SNB) and financial infrastructure operator, SIX, in…
Sri Lanka’s gross financing requirements top $20 billion next year – EMFI Securities
Sri Lanka’s gross financing needs are projected to top $20 billion next year, a 22.3 percent increase compared to this…
Sri Lanka to introduce new laws to protect investments
Sri Lanka’s President Gotabaya Rajapaksa vowed to bring in new laws to protect both local and foreign investors as the…
Sri Lanka’s banks to show reluctance to absorb their subsidiary Finance Firms – Fitch Ratings
Sri Lanka’s banks would be reluctant to absorb their financeĀ and leasing companies (FLC) due to the significant difference between their…
First Capital Research predicts a 50% chance for a policy rate cut
First Capital Research predicted a 50% chance for a policy rate cut by the Central Bank (CB) at its upcoming…
Central Bank defers repayment plans submitted by two illegal Finance Companies to depositors’ liabilities
The Monetary Board of the Central Bank (CB) has thrown out the time-bound repayment plans submitted by two illegal Finance…
The government to offer tax concessions for investments in REITs
The government plans to exempt investments in the housing market through Sri Lanka Real Estate Investment Trusts (SLREIT) to be…
Sri Lanka announces tax concessions for new listings at CSE
The government announced a proposal to grant 50 percent income tax relief for new listings at Colombo Stock Exchange (CSE).…
Sri Lanka announces Special Goods and Services Tax
The government announced a Special Goods and Services Tax (GST) to be introduced for telecommunication, alcohol, cigarettes, vehicles, and betting…
CHEC Port City Says no Colombo Port City Employees tested positive for COVID-19
The project company of the Port City, CHEC Port City Colombo today stressed any employees at the Port City site…
First Capital Holdings PLC Delivers Strong Financials to December 31, 2023.
First Capital Holdings PLC (the Group), a leading investment institution, and a member of the Janashakthi Group, announces its strong…