Business
SLT-MOBITEL debuts its technologically advanced Operational Headquarters in Welikada
SLT-MOBITEL unveiled its technologically advanced, high tech Operational green Headquarters, first in the history of SLT, located at Welikada, Colombo recently.
Designed with state-of-the-art aesthetics and advance technology, the building features cutting-edge amenities including 5G zone, Rainwater harvesting, green energy, power and cooling systems, wastewater treatment, energy rated glass facade, energy rated electrical fittings, lifts, ACs etc. Further, under phase 1, five floors have been completed out of 9 floors, where the balance floors will be completed under phase 2. Taking responsible action to sustainability, the new HQ building is constructed utilizing only 3% of the total land of 7 acres, preserving balance for future developments. The construction of new HQ is a brown field development, and almost all the recoverable materials from the demolished buildings were re-used, recycled with minimum wastage, accommodating green concepts into the building development. Further, an in housed sewer treatment plant is also a key feature where the effluent will be collected for the vertical gardening in the building and for irrigation, along with a Solar system which will be implemented utilizing 15,000 sq ft of the roof top of the building.
The new HQ is accompanied with a newest building management system where the operations of the AC, water, lighting and other amenities can be monitored and alarmed.
Indoor spaces have been designed to create modernized working environment with open office concepts reflecting user friendly natural environment. Minimum affect to the nature was done with the new construction where a decade old “Mara tree” has been accompanied with the building, incorporating the true blend of nature into the atmosphere of the building ‘s aesthetics.
The total project cost for stage I of the project is 2500 million limiting the variations of the project, which is also a remarkable achievement during highly unfavorable conditions like Covid 19 pandemic, government-imposed curfews and turbulent political conditions which prevailed in the project execution stage. The SLT-Mobitel team was able to accomplish the project meeting the set timelines despite aforementioned challenges.
A remarkable operational cost saving of LKR 25.4 million, annually, is predicted from the occupation of new building by Mobitel due to savings from rents for car parking, security and other services, usage of electricity and water, inter office transportation etc. In addition to above, annual rentals for Rotunda and propertex buildings amount into LKR 250 million per annum will be saved from the transition to the new HQ building, adding a net saving to the SLT group.
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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