Business
Hemas partners with Hatch to support Sri Lankan innovation and entrepreneurship

Hemas Group, a diversified corporate with focused interest in Consumer Brands, Healthcare and Mobility, is partnering with Hatch to deliver a corporate innovation program as a part of their 75-year celebrations. This collaboration aligns to Hemas Group’s focus to explore ‘Open Innovation’ as a part of their corporate journey.
Speaking on the partnership, Group CEO of Hemas Holdings, Kasturi Chellaraja Wilson said, “Through this partnership, we see significant potential for Sri Lankan startups, with the business community coming forward to create a new ecosystem by providing access to essential infrastructure, knowledge, and capital. As we mark 75 years of enriching our communities, we are committed to invest in the country’s future through this initiative and reinforce our commitment to delivering innovative solutions that empower families.”
Speaking more about Hatch’s vision, the Co-Founder and CEO Brindha Selvadurai Gnanam explained, “We believe that entrepreneurs are catalysts for economic development and that collaboration drives innovation. Hatch provides a comprehensive solution for startups through our bespoke programs, extensive mentorship support, and like-minded community”.
As an initial step of the ‘Hemas x Hatch: Slingshot’ program, a call for applications was extended for post-revenue startups operating in selected scalable industries such as Education & EdTech, FMCG, Healthcare, and Logistics. The program kick started with the selection of 25 post-revenue startups who were invited to participate in a two-day intense boot-camp on 26th and 27th of August 2023.
During the programme, entrepreneurs were provided a high-quality immersive learning experience by industry professionals who provided in-depth perspectives into some of the fundamental topics in a startup journey. This included Fine tuning your Value Proposition, Creating a scalable Business Model, Fundraising 101, International Growth Strategies and Navigating the journey of an entrepreneur. This comprehensive approach ensured that startups not only solidified their core business concepts but also gained the essential tools for expansion and growth.
At the end of the Bootcamp, the 25 startups had the opportunity to pitch their businesses to a panel of judges, out of which 8 have now been selected to advance to the next stage of the ‘Hemas x Hatch Slingshot Accelerator’ Program.
Over the next few months, the corporate accelerator implemented by Hatch, leveraging the extensive domain expertise and resources of the Hemas Group aims to refine the concepts ideas of the startups, broaden their perspectives, and provide them with potentially game-changing opportunities that facilitate their transition from startups to scale up.
Hemas Holdings –
Established in 1948, Hemas stated with a simple intent: to empower families to aspire for a better tomorrow. Guided by this belief, for 75 years Hemas has empowered lives through innovative solutions in our focus areas of Consumer Brands, Healthcare, and Mobility. Woven into the socio-economic fabric of Sri Lanka, Hemas has also expanded regionally with operations in Bangladesh. In our onward journey, we will continue to invest in diverse and passionate teams, create meaningful offerings, cultivate trusted partnerships, and champion a more inclusive world, to create a positive impact for all our stakeholders.
Hatch –
An organization that delivers business incubator and accelerator programs, provides co-working space, and recently created a venture fund in Sri Lanka, was founded in 2018 and is today considered the center of gravity for Innovation and Entrepreneurship in the country. Recognized as a leading innovation hub, Hatch has also received multiple international accolades including the prestigious ‘Best Co-Working Space in the World’ at the Global Startup Awards 2021, ‘Best Incubator/Accelerator’ title at the 2022 SAARC Regional Startup Awards and more.
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.
-
Features6 days ago
RuGoesWild: Taking science into the wild — and into the hearts of Sri Lankans
-
News5 days ago
Orders under the provisions of the Prevention of Corruptions Act No. 9 of 2023 for concurrence of parliament
-
Features7 days ago
New species of Bronzeback snake, discovered in Sri Lanka
-
News5 days ago
Prof. Rambukwella passes away
-
Business13 hours ago
Pick My Pet wins Best Pet Boarding and Grooming Facilitator award
-
News7 days ago
Photo of Sacred tooth relic: CID launches probe
-
Opinion6 days ago
Sri Lanka’s Foreign Policy amid Geopolitical Transformations: 1990-2024 – Part IX
-
Features7 days ago
Sri Lanka’s Foreign Policy amid Geopolitical Transformations: 1990-2024 – Part VIII