Business
‘Miracle on the Kelani River happening very soon’

Congratulatory Message by ambassador of the Republic of Korea to Sri Lanka
I am the Ambassador of the Republic of Korea to Sri Lanka, Santhush Woonjin JEONG.
Congratulations on Sri Lanka’s Independence Day! As ambassador of the Republic of Korea to Sri Lanka, I would like to extend my heartfelt congratulations on the 73 years of independence and to convey the best wishes for the welfare and everlasting prosperity to the people of Sri Lanka. I hope that the relations of friendship and cooperation between our two countries, which have strengthened year after year, continue to be strengthened to provide greater happiness to the people of both nations. The Republic of Korea celebrates together with you!
Sri Lanka commemorates the country’s peaceful path to independence 73 years ago. While Korea and Sri Lanka had to overcome many hardships in the past, both countries have bounced back with vigour. Our two nations and people are examples of the resilience, steadfastness and hope even in the most difficult circumstances. Since the establishment of the diplomatic relations in 1977, Korea and Sri Lanka have come a long way together to form a cordial bilateral partnership. Korea and Sri Lanka have been truly good friends to each other on a whole range of issues, sharing common goals. It is my firm belief the common historical experiences shared by the Republic of Korea and Sri Lanka have further brought our nations together. Korea-Sri Lanka relations have made great strides in recent years and have become multidimensional, spurred by a significant convergence of interests, mutual goodwill and high level exchanges.
Today, Sri Lanka has the potential to become the next economic powerhouse in Asia. The strategic location, rich natural and human resources of Sri Lanka are complementary with the state of the art technology and capital available in Korea. This combination creates the perfect synergies for our two countries to further the potential for businesses. Korea’s economic miracle, so called ‘The Miracle on Han River’ is a story of overcoming many hardships by the Korean people that led to the national development from poverty to prosperity. I believe that Sri Lanka will also be developed to “the Miracle on Kelani River” in the near future. Korea is the very country that can help Sri Lanka achieve its goal. Our relations have widened on multiple spheres in which development cooperation is of utmost importance. Sri Lanka is one of Korea’s principle ODA cooperation partners. The Sri Lanka office of KOICA has continued to assist and fund commercial and infrastructure projects of Sri Lanka, thus augmenting the development of Sri Lanka. Korea has been promoting projects in the various fields such as education, transportation, water resources, sanitation and regional development in Sri Lanka. As a reliable friend, Korea is a trustworthy partner of Sri Lanka to meet the current needs of national development. With these as a momentum, the bilateral ties are expected to widen and deepen further in coming years.
The engagement in labour cooperation has also been commendable in recent years. 23,000 Sri Lankan employees are presently in Korea. Around 520 million US dollars were transmitted by them from Korea to Sri Lanka in 2019. They greatly contribute to the economic advancement of both countries. Since COVID-19, the process of departure to Korea for employment has been suspended. However, last September I invited the first batch of Sri Lankan migrant workers who were going to the Republic of Korea post COVID-19 to express my appreciation for their contribution to uplift the economies of both countries.
Furthermore the cultural ties between Korea and Sri Lanka have also deepened in the recent years. The Korea Week 2020 organized by the Embassy on virtual platforms provided various cultural events including a Korean language speech competition which was held in December last year, discussions on K-wave, a Taekwondo competition etc. Riding this momentum, the embassy has organized various cultural events in the recent past and I must say that we are truly gratified and heartened to witness the enthusiastic response of the Sri Lankans, especially the youth, to these events.
Now the world struggles to confront the challenges presented by COVID-19, and I would like to commend our continuing close collaboration to protect our people and defeat this pandemic together. Also we have strengthened the public health cooperation between our countries amid the COVID-19 pandemic. Under the “stay strong” campaign, on December 8, 2020, the government of the Republic of Korea donated COVID-19 diagnostic kits amounting to the sum of USD 300,000 to contain and control COVID-19. The Korean embassy donated re-usable fabric masks to Sri Lanka Army, Police who have dedicated themselves to protecting people in Sri Lanka including Korean residents amid, COVID-19. These re-usable masks were manufactured by a Sri Lankan social enterprise which empowers women. The Republic of Korea will stand in solidarity with Sri Lanka to successfully combat the battle against COVID-19.
Korea will continue to be with Sri Lanka as friend. While our level of cooperation today is unprecedented, there is always more progress to be made. As the ambassador of the Republic of Korea like the meaning of my Sri Lankan name “Santhush”, I would really like to carry happiness to Sri Lanka. I love Sri Lanka. I love Sri Lankan people. I will closely work with all of you to achieve our common goals. I wish all our Sri Lankan friends a very happy and memorable Independence Day.!
Let’s stay strong together!
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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