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Ceylinco Insurance ranked 6th in Business Today’s Top 30 for 2019 /20 Roll of Honour

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Once again, for the eighth consecutive year, Ceylinco Insurance PLC, the holding company of insurance giants – Ceylinco General Insurance and Ceylinco Life Insurance – was ranked 6th in the Roll of Honour among the ‘Business Today Top 30’ companies in Sri Lanka. As announced in its edition for 2019/20, Ceylinco Insurance retained its 6th position for the second year as an outstanding player in the corporate sector.

Commenting on the achievement, Ajith Gunawardena, Executive Chairman/Chief Executive Officer of Ceylinco Insurance PLC said: “Financial Year 2020 was one of the most challenging for the corporate sector – not merely in Sri Lanka but the world over. Organisations who face these challenges fearlessly with re-aligned strategies will perform well. The corporate sector in Sri Lanka has weathered many storms and shown great resilience. We are humbled by the fact that once again we are ranked at No. 6 among the distinguished top 30 companies in Sri Lanka. Ceylinco Insurance PLC has demonstrated great resilience, surmounting every challenge with sustainable strategies. I would like to express my gratitude to our loyal customers for placing their trust and belief in us through the most difficult times. It is their loyalty and confidence that motivates us to reach higher, as we make every effort to serve them beyond their expectations. I wish to dedicate this recognition to our valued customers, our staff and my fellow directors for enabling us to reach another milestone in our vibrant journey.”

Deputy Chairman of Ceylinco Insurance PLC and Ceylinco Life chairman R. Renganathan said: “A company’s true mettle is tested in times of adversity. Ceylinco Life’s performance in 2020 is an excellent demonstration of this. Our ability to adapt to the demands of the ‘new normal’ to not only fulfil our obligations to our customers and stakeholders, but to grow the business in a period of uncertainty and disruption more than justifies our presence among the top 10 of Sri Lanka’s leading corporate entities. Notably, Ceylinco Life also fulfilled all its community-related commitments in 2020, while continuing with its programme of policyholder rewards, despite the challenges of the year.”

As the clear market dominator in the Insurance sector, both, Ceylinco General Insurance and Ceylinco Life Insurance remained far ahead of competition in 2019 as well as in 2020. Ceylinco General and Ceylinco Life also enjoyed the privilege of being voted the ‘People’s Insurance Company’ for the 14th consecutive year. This award reiterates the high regard with which both companies are viewed by the general public and for its continuous contribution towards enhancing the socio-economic development of Sri Lanka. Also, in an exclusive survey carried out amongst the service providers over a period of 12 weeks by LMD magazine, Ceylinco General Insurance had the honour of being the most popular insurer in Service Excellence.



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Business

Dr RAD Jeewantha named most innovative dentist of the year

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Dr Jeewantha receiving the award

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.

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IIHS Foundation in Biological Studies offers fast-track route to global health careers

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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.

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Seylan Bank Reports Strong Growth in Q1 2025 Financials

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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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