Business
First Capital celebrates double wins at SLIM Brand Excellence Awards
First Capital Holdings PLC, the pioneering investment institution, has achieved a significant milestone by clinching two prestigious awards at the SLIM Brand Excellence Awards 2023, marking its debut at the award ceremony. The company’s outstanding brand performance in the capital market sector was recognized in the B2B Brand of the Year category, earning the Silver award, and the Turnaround Brand of the Year category, earning the Bronze award.
The SLIM Brand Excellence Awards is a distinguished platform that recognizes outstanding achievements in brand excellence at the highest level in the country. It celebrates exceptional efforts, strategies and remarkable brand stories, encouraging performance, and enhancing brand equity while inspiring marketers to reach international standards.
First Capital’s success in securing both the B2B Brand of the Year – Silver and Turnaround Brand of the Year – Bronze awards was a recognition of their agile thinking, strategic prowess, capital market expertise, and research-backed decision-making process. Furthermore, their remarkable financial performance amid challenging macro-economic conditions has showcased First Capital’s resilience and industry savviness, ensuring profitability while exceeding customer expectations. The company’s ability to turn around its financial performance and achieve its highest-ever profits within the financial year, coupled with its pivotal role in not only pursuing business motives but also contributing significantly to the economic turnaround of the country, has been duly noted in the rigorous evaluation process conducted by SLIM.
Gamika de Silva, Group Chief Marketing Officer of Janashakthi Group, shared his insights on company’s accomplishments, stating, “Over the course of First Capital’s distinguished four-decade legacy, the commitment to performance has been evident. With strong leadership and an extensive team of professionals, First Capital has been dedicated to bringing value to its stakeholders. However, this dedication goes beyond strategies for consistent growth and enduring success; it involves shaping the First Capital brand to embody shared values and collective efforts, creating a powerful brand with a national purpose. This marks only the beginning of a journey filled with many more milestones.”
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
Commercial Bank leads nationwide aquatic clean-up drive
Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.
Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.
The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.
Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.
The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.
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