News
First Capital Announces Platinum Sponsorship and Steps onto the Rugby Field with CR&FC
First Capital Holdings PLC, a Janashakthi Group Company, proudly announces its partnership with the Ceylonese Rugby & Football Club [CR&FC] as the Platinum Sponsor for the upcoming rugby season. This collaboration marks First Capital’s first venture into the rugby realm through its association with CR&FC, with aims of fostering the growth of rugby in Sri Lanka, which boasts a large following. CR&FC, with its illustrious 100-year legacy in Sri Lankan Rugby, stands as a testament to the country’s rich Rugby heritage, having produced exceptional players who have represented the nation. In line with this legacy, the club has a visionary plan to establish a Rugby academy in the future. First Capital is proud to partner with this exceptionally strong team and will support CR&FC through yet another successful Rugby season.
By partnering with CR&FC, one of the greatest Rugby clubs in Sri Lanka, First Capital looks forward to uplifting one of the nation’s most passionately followed sports. As both dynamic organisations place a strong emphasis on ‘Performance First’ this partnership is destined to reach new heights with countless benefits for all.
Randinith Madanayake, Head of Marketing at First Capital, emphasised the significance of this partnership, stating, “At First Capital, our guiding principle is ‘Performance First.’ Partnering with CR&FC, a club synonymous with on-field excellence, allows us to extend this ethos to the wider community and showcase our commitment to sports in Sri Lanka during what has been a particularly difficult season. We believe Rugby has a promising future in Sri Lanka and are committed to fostering excellence in the sphere of Sri Lankan sports. First Capital is also committed to supporting the financial awareness of athletes. This sponsorship not only represents a pivotal step towards fostering the holistic development of Rugby in Sri Lanka, but also represents a step towards improving the lives of all Sri Lankans through financial solutions. We firmly believe that financial empowerment is essential for this progress, and we are fully prepared to provide that support.”
With a strong emphasis on upholding stability, fostering a competitive advantage, and providing an exceptional customer experience, First Capital focuses on staying true to its ‘Performance First’ spirit. First Capital stands strong with robust fundamentals, dedicated teams, and the support of the Janashakthi Group, allowing it to weather challenging market cycles. The organization is actively expanding its reach and significance by embracing an evolving digital platform, bolstering its digital capabilities, and integrating its operations. These efforts are aimed at transforming client experiences, fostering operational efficiency, and driving overall growth & sustainability.
END.
About First Capital Holdings PLC:
First Capital Holdings PLC is a member of the Janashakthi Group, focused on delivering ‘Performance First’ through its operations as primary dealer, corporate finance advisory, wealth management and stock brokering.
With over four decades of expertise in providing capital market solutions, First Capital Holdings PLC is a listed full-service investment institution in Sri Lanka. First Capital Holdings PLC is rated [SL] A with Stable outlook by LRA.
The Board of Directors of First Capital Holdings PLC comprises of Nishan Fernando (Chairman), Manjula Mathews (Deputy Chairperson), Dilshan Wirasekara (Managing Director / Chief Executive Officer), Ramesh Schaffter, Minette Perera, Chandana de Silva and Nishan de Mel.

Cricket
Sri Lanka Set for White-Ball Leadership Change as Kusal Mendis Emerges Favourite
Sri Lanka Cricket is reportedly preparing for a major leadership overhaul in the national white-ball teams, with Kusal Mendis tipped to become captain of both the ODI and T20I sides ahead of the upcoming West Indies tour.
According to a report by The Sunday Times, the experienced wicketkeeper-batter is expected to replace Charith Asalanka as ODI captain and take over the T20I leadership from Dasun Shanaka.
The reported decision comes as Sri Lanka seeks to strengthen its limited-overs structure and build momentum ahead of a packed international schedule. Cricket officials are believed to view Mendis as a dependable senior figure capable of guiding a relatively young squad through the next phase of development.
Having represented Sri Lanka for several years across all three formats, Mendis has established himself as one of the team’s key performers in white-ball cricket. His experience and consistency are expected to play a crucial role if the appointment is confirmed.
Meanwhile, the report stated that Dhananjaya de Silva will continue to lead the Test side, ensuring stability in the longer format.
Sri Lanka Cricket has yet to make an official announcement regarding the captaincy changes.
Cricket
Angelo Mathews sparks debate over England’s proposed Test tour reductions
Former Sri Lanka captain Angelo Mathews has strongly criticised reports that England may reduce future Test tours of Sri Lanka to a single match, warning that such a move risks undermining the fairness and integrity of the World Test Championship structure.
According to reports, the England and Wales Cricket Board (ECB) is reviewing its Future Tours Programme, with discussions suggesting that overseas red-ball series against nations such as Sri Lanka and Bangladesh could be trimmed to just one Test, alongside white-ball fixtures. The shift is being linked to scheduling pressures and a push to prioritise longer home series against top-tier opposition.
We should not play one off test with anyone! If any country doesn’t want to play more than one so be it! There’s nothing called bigger nations and test status is equal to all test playing nations .You can’t have 1 team playing 20 games and another playing 10 games in the same…
— Angelo Mathews (@Angelo69Mathews) May 9, 2026
However, Mathews has pushed back firmly against the idea, arguing that Test cricket must not be reshaped around commercial convenience or unequal participation between nations.
“We should not play one off test with anyone! If any country doesn’t want to play more than one so be it!” Mathews said, expressing clear frustration at the proposal.
He further stressed that all Test nations must be treated equally within the format, warning against creating an imbalance in match opportunities across the championship cycle.
“There’s nothing called bigger nations and test status is equal to all test playing nations,” he said.
Mathews also questioned the logic of restructuring series length while maintaining a unified global competition, pointing out the contradiction in workload and fairness.
“You can’t have 1 team playing 20 games and another playing 10 games in the same championship cycle!” he added.
His strongest criticism came when addressing the reasoning behind the proposed changes, which have been partly linked to revenue generation and broadcast appeal.
“Generating revenue and keeping test cricket alive is two different things and you should not mix up the two!” Mathews said, drawing a clear line between financial priorities and the preservation of the longest format.
The reported ECB discussions come amid wider debates within the International Cricket Council (ICC) over potential reforms to the World Test Championship, including proposals to expand participation and possibly allow single-Test series to contribute to standings for the first time.
The ICC is expected to review the proposals in upcoming meetings, with the future structure of Test cricket under increasing scrutiny as scheduling demands continue to grow across formats.
News
Sri Lanka Juniors Ready for Billie Jean King Cup Challenge in Kazakhstan
Sri Lanka’s emerging tennis players are set to represent the country at the 2026 Billie Jean King Cup Juniors – Asia/Oceania under-16 Final Qualifying tournament, which will be held in Shymkent, Kazakhstan from May 11 to 15, 2026.

The prestigious junior competition will bring together leading teams from across the region, including Australia, China, India, Japan, Kazakhstan, New Zealand, Thailand, Singapore, and Sri Lanka, among others, all competing for regional supremacy and qualification progress.
Sri Lanka will be led by top-ranked junior player Annaya Norbet of Holy Family Convent Bambalapitiya, who will take the position of number one player in the squad. She will be joined by Akeesha Silva of Newstead College, Negombo, selected as the second player, while Bovindee Jithsara from Bishop’s College completes the main trio.
Sandithi Usgoda Arachchi of Musaeus College has been named as the standby player, providing additional support to the team if required during the competition.
The squad will be coached by Anupa Maththamagoda, an experienced figure tasked with guiding the young team through the demanding international event.
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