Business

First Capital Holdings PLC (the Group), a leading investment institution, and a member of the Janashakthi Group, announces its strong financial results for the nine months ended December 31, 2023. The Group reported a Profit after Tax of Rs. 9.4Bn, marking a significant increase compared to Rs. 1.7Bn recorded in the corresponding period of the previous year. Despite a loss of Rs. 237Mn in the 3rd quarter of 2023/24, primarily attributed to withholding tax on inter-company dividends totalling Rs. 825Mn, the Group's overall performance demonstrates resilience and strategic growth. The dividend payout is the highest in the company's recorded history for its shareholders. The Primary Dealer division emerged as a key contributor to the Group's success, reporting a Profit after Tax of Rs....

Sri Lanka’s leading Fintech service provider announces appointment of Mr. Rajendra Theagarajah as Chairman of the Board. Photo Caption- Yohan Wijesiriwardane, CEO / Co-founder of PAYable and Rajendra Theagarajah, Chairman of the Board, PAYable PAYable Pvt Ltd, Sri Lanka’s leading non-bank digital payment services provider, reported robust performance in its 10 year journey with over LKR 80 Billion in transactions processed. The company also plans to launch a host of new innovations, showcasing consistent growth and reliability. In a move that signifies a major leap forward for PAYable, the company also announced the appointment of Mr. Rajendra Theagarajah as the new Board Chairman. A distinguished veteran in the banking and financial services sector, Mr. Theagarajah has been asso...

Janashakthi Life, a leading life insurance provider in Sri Lanka, recently launched the "Janashakthi Life Great Manager Awards" to celebrate outstanding performance of its managerial talent within the sales force. The event was graced by a special guest, cricket legend, and Director Mahela Jayawardena, who shared valuable insights on effective management, leadership, and the significance of work-life balance with the audience. Prakash Schaffter, Deputy Chairman of Janashakthi Life, and Ravi Liyanage, Director/CEO, were also present at the gathering. Ravi Liyanage, Director/CEO, emphasized the significance of the momentous occasion in a passionate speech, stating, "Today marks a pivotal moment in our journey at Janashakthi Life as we gather to reflect on our progress and chart the c...

First Capital Holdings PLC, the pioneering investment institution, has secured a prestigious accolade at the TAGS Awards 2023, organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) for the 58th consecutive year. The company was honoured with the prestigious Gold Award in the Investment Banking category, recognizing its outstanding performance and dedication to transparency, accountability, governance, and sustainability in corporate reporting. The TAGS Awards bestowed recognition upon exemplary companies spanning 29 industry sectors, reflecting a commitment to comprehensive progress and governance. First Capital has embraced both the Integrated Reporting Framework and the Global Reporting Initiative framework, positioning the organization at the forefront of g...

First Capital, the pioneering investment institution and non-bank market leader in primary dealing, successfully concluded the 8th edition of the First Capital Colombo Symposium 2023, one of the largest investor symposiums ever held in Sri Lanka. The event themed “Invest with Impact, Seize Capital Market Opportunities” took place on July 4th, 2023, at the Shangri-La Hotel, Colombo and brought together a diverse group of investors, corporate leaders, entrepreneurs, and industry experts for an evening of insightful discussions and valuable networking opportunities. Keynote presentations were delivered by Dimantha Mathew, Chief Research and Strategy Officer of First Capital, and Ranjan Ranatunga, Manager - Research. They provided insightful perspectives on the current economic landscape, ...

Binance, the world’s leading blockchain and crypto infrastructure provider, announced today that it has been awarded the coveted ISO 27001 and ISO 27701 certifications for information security governance and privacy information management in three jurisdictions across Europe and the Middle East: France, Bahrain, and the United Arab Emirates (UAE). Binance secured the ISO 27001 and ISO 27701 certificates as an organization meeting the internationally recognized standards in information security governance and privacy information management, respectively. Building robust security and privacy measures has always been a key priority for Binance, and these ISO certifications are a testament to the company’s consistent efforts on these fronts. A-LIGN, the external auditor, – a technol...