Business
Colorup Roof Tiles – revolutionizing roofing in Sri Lanka
Featured at the Architect 2023 Exhibition, which was held recently at the BMICH by the Sri Lanka Institute of Architects, Colorup Roof Tiles is a novel range of aesthetic and technologically advanced roofing product that helps consumers overcome challenges often faced when using other roofing tiles. Colorup is a manufacturer of a range of coloured cement roofing and ceiling products, and its products are manufactured in South East Asia’s largest and most sophisticated manufacturing plant, featuring Italian and Swiss technology.
Commenting on the launch, Indika Rajapaksha – Chief Operating Officer at Colorup said, “It’s a great achievement for us to be able to bring this revolutionary new roofing product to the market. The unique ‘S’ shape of our Roofing tiles provides numerous benefits and addresses many challenges that consumers and builders face when tiling roofs. They are also lightweight, compared to alternative roofing tiles in the market, while also being very strong, and able to withstand any weather condition. We look forward to continuing to innovate and provide consumers and Sri Lanka’s construction industry with world-class products fit for modern architecture.”
Colorup roof tiles also feature a solar-resistant layer, making them last longer, while also being waterproof and non-absorbent, ensuring no excess weight is retained on the roof in wet weather. The tiles also come with a 5-year guarantee on the color coating, and their unique “S” shape allows for efficient interlocking, ensuring no movement due to animal activity and strong winds, while also preventing leaks.
Fire resistant too, Colorup roof tiles provide the lowest weight, and highest strength and safety, at the best value. In addition to each tile weighing less, it reduces rafter requirements, further helping to minimize costs on the roof structure. Packaged in easy to handle 5-tiles packs, Colorup roofing tiles are also easy to transport and store with minimal risk of damage.
Colorup roof tiles is the latest product from the company, while its Colorup corrugated sheets were launched in 2007, and its wooden-finished strip ceilings were released to market in 2020 – Colorup Strip Ceilings too addressed the challenges faced by consumers when trying to find wooden ceilings that use high quality wood – the product is also fire and rot resistant and will not be attacked by termites, unlike traditional wooden ceilings, and is manufactured with a focus on sustainability to ensure minimal impact on the environment. These achievements resulted in Colorup Strip Ceilings winning an Architect Product Award from the Sri Lanka Institute of Architects in 2021. Consumers and builders interested in using Colorup roof tiles can find more information at www.rhinocolorup.com or by calling 011 5 748 738.
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.
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.
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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