Business
FriMi teams up with SPAR to introduce SPAR Supermarket Frenzy with FriMi

FriMi, Sri Lanka’s first fully-fledged digital banking experience powered by Nations Trust Bank, has teamed up with SPAR Supermarkets to introduce the ultimate shopping frenzy competition. This is not an ordinary shopping spree, as winners will get to dash through the aisles and sweep up items worth a whopping Rs. 40,000/- in just 90 seconds.
To enter the competition, FriMians need to shop at any SPAR Supermarket in Sri Lanka and transact effortlessly with their FriMi physical debit card or through LANKAQR via the FriMi App. With a minimum cumulative spend of just Rs. 7,500/- per month, FriMians will get one chance to win. However, they may increase their chances of winning by spending more.
Speaking about the promotion, Sanjaya Senarath, Chief Marketing Officer of Nations Trust Bank said, “We are thrilled to partner with SPAR Supermarkets to bring this exciting shopping frenzy competition to our FriMians. At FriMi, we are committed to offering our customers innovative and rewarding experiences, and this competition is just one example of that. Through this promotion, we hope to encourage our customers to embrace digital banking and experience the effortless convenience and benefits that come with FriMi. We wish our FriMians the best of luck!”
Meanwhile, Ayodhya Mahindapala, Head of Commercial of SPAR Supermarkets added, “We are happy to work with FriMi in putting forward an exciting concept in the retail space of Sri Lanka. The winning FriMians will certainly have a great opportunity to pick up all of the items that they have been eyeing, given the wide variety of choice at all of our SPAR Supermarkets.”
This exciting promotion will take place for three months, starting from March 15th to June 15th. At the end of each period, five lucky winners will be selected to participate in the Supermarket Frenzy, which will take place at a selected SPAR Supermarket every month.
FriMi the fully-fledged digital banking experience powered by Nations Trust Bank consists of ground-breaking products and services that are designed and developed to delight customers thus providing novel experiences. FriMi has been awarded on both national and regional levels including Online Brand of the Year and ranked amongst the Top 30 Best Digital Financial Services Providers in Asia Pacific, Middle East, and Africa. FriMi is available on Android, iOS and Harmony OS and anyone in Sri Lanka above the age of 18 years can get on board FriMi by downloading the app. FriMi is enabled by Nations Trust Bank PLC, the bank is strongly focused on digital empowerment through cutting-edge digital banking technologies.
Business
Dr RAD Jeewantha named most innovative dentist of the year

Dr. R. A. D. Jeewantha was honoured as the Most Innovative Dentist of the Year at the Business World International Awards, 2025. Organised by the Business World International Organisation, the award ceremony was held recently at the Mount Lavinia Hotel. A graduate of the Faculty of Dental Sciences, University of Peradeniya, Dr. Jeewantha has built a reputation as one of Sri Lanka’s most respected and forward-thinking dental surgeons. After gaining vital experience in Government hospitals, including the Teaching Hospital in Karapitiya, he also served at a leading private hospital before launching his own practice—Doctor J Premium Dental Care in Delkanda, Nugegoda.
His dental clinic is known for offering advanced, patient-focused treatments in restorative dentistry, cosmetic procedures, and implantology, using state-of-the-art technology. Dr. Jeewantha is especially skilled in dental implants, having completed the American Residency Course in Dental Implantology at Roseman University, accredited by the American Academy of Implant Dentistry. Dr. Jeewantha holds fellowships from the International College of Continuing Dental Education (FICCDE) and the Pierre Fauchard Academy (USA). His advanced skills include modern root canal treatments using Mineral Trioxide Aggregate (MTA) for both surgical and non-surgical procedures.
He has completed international trainings in digital dentistry, full-arch implantology techniques like All-on-Four and Zygomatic Systems, and smile design using digital 3D scans. He has participated in global dental events such as the Asia-Pacific Dental Congress and completed training at institutions including the University of Manchester and North Western State Medical University in Russia. His courses have covered everything from intraoral scanning to managing tooth wear. He has previously received many local and international awards. Dr. Jeewantha also serves the community as a Justice of the Peace for All Island.
Business
IIHS Foundation in Biological Studies offers fast-track route to global health careers

The Foundation in Biological Studies at IIHS provides a unique alternative for students looking to fast-track their health careers after their Ordinary Level (O/L) exams. This programme offers a direct route to global health careers, bypassing traditional A/Ls. With over 1,000 students already advancing to universities in Australia, the UK, and Finland, IIHS has positioned the course as a reliable launchpad for careers in fields like medicine, nursing, biomedical sciences, and digital health. “This programme is a game-changer, offering a transformative journey into global healthcare education,” said IIHS CEO Dr. Kithsiri Edirisinghe.
Business
Seylan Bank Reports Strong Growth in Q1 2025 Financials

Seylan Bank has recorded a Profit before Tax (PBT) of LKR 4,199 million in Q1 2025, marking a 13.36% growth compared to LKR 3,704 million in Q1 2024. Profit after Tax (PAT) rose by 20.29%, reaching LKR 2,761 million, up from LKR 2,295 million in the corresponding period of 2024.
Despite a decrease in net interest income by 8.37% due to market interest rate reductions, the bank’s net fee-based income grew by 13.83%, driven by fees from loans, cards, remittances, and other services. Total operating income for the quarter was LKR 11,258 million, a 3.83% decrease from the previous year, while operating expenses rose by 4.62%, largely due to increased personnel and other operating costs.
Impairment charges were significantly reduced by 83.17%, totaling LKR 262 million, reflecting the bank’s solid credit quality and proactive provisions. The bank’s impaired loan ratio improved to 1.98% from 2.10% in Q1 2024, with a provision cover ratio of 80.74%.
Seylan Bank’s total assets grew to LKR 785 billion, with loans and advances reaching LKR 469 billion and deposits totaling LKR 647 billion. The bank’s capital adequacy ratios remained strong, with the Common Equity Tier 1 Capital Ratio at 13.67% and Total Capital Ratio at 17.64%.
In addition to its financial performance, Seylan Bank continued its commitment to education, opening 16 more “Seylan Pahasara Libraries,” bringing the total to 281 libraries across the island.Fitch Ratings upgraded Seylan Bank’s National Long-Term Rating to ‘A+(lka)’ with a Stable Outlook in January 2025, further underscoring the bank’s financial stability and growth trajectory.
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