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APIIT becomes EC-Council Academia partner to offer Cyber Security Certifications

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The Asia Pacific Institute of Information Technology (APIIT) Sri Lanka, a leading private higher education institution, has become an official EC-Council Academia partner in Sri Lanka. The first batch of APIIT students who participated in the training session under this programme have shown exceptional performance.

Cyber threats and crimes are currently increasing exponentially across the globe with mass scale data breaches and leaks being detected frequently. With such data breaches increasing each year, the protection of digital assets has become critical and top priority, hence it’s no wonder that the demand for cyber security professionals is at an all-time high.

Head of the APIIT School of Computing Prof. Priyantha Kumarawadu said, “We’re delighted to become an official academia partner of EC-Council which operates in more than 145 countries in the world: the premier provider of cyber security certifications in the world. We believe that this partnership with the EC-Council is a key part of realising our vision of creating highly skilled graduates in the domain of networking and cyber security.”

EC-Council Academia Coordinator at APIIT Dr. Harinda Fernando said “The EC-Council certifications are designed to launch students’ careers in the extremely lucrative domain of cyber security. Their comprehensive offering of certifications which include the world famous Certified Ethical Hacker (CEH), Computer Hacking Forensics Investigator (C|HFI) and newly launched Certified Penetration Tester (CPENT) ensures that students who complete them develop the knowledge and practical skills required to be highly successful in the field of cyber security.”

The advent of cyber security has birthed a new and extremely lucrative career avenue with the rapidly growing need for cyber security experts to protect organisations from data breaches and cyber-attacks. It is estimated that within the next five years, 3,000 to 5,000 cyber security experts are required locally while the global requirement is estimated at around 1.5 million.

Because of this growing demand for qualified cyber security professionals, APIIT has not only become an EC-Council academia partner but has also launched the Cyber Security BSc (Hons) degree programme awarded by Staffordshire University, UK.

Students who join the cyber security degree at APIIT can elect to either complete their studies in Sri Lanka or opt to transfer to either Staffordshire University in UK or to Deakin University in Australia with full recognition of their studies here and with significant financial savings.

Prof. Kumarawadu also stressed the fact that APIIT is facilitating the teaching of both the EC-Council certifications and the degree awards with all required cutting edge IT infrastructure and excellent student support to afford students a quality and relevant learning experience.

“APIIT provides a high-quality holistic learning environment, an outstanding faculty, modern infrastructure, and excellent student support. The teaching and learning at APIIT has been developed so as to ensure that students will develop the practical skills required by the industry and cater to the rising demand for highly skilled cyber security professionals”.

This is illustrated by the outstanding results obtained by the first batch of APIIT students who followed the CEH certification at APIIT where out of the 16 students who sat the exam, 15 passed and with the average marks obtained by the batch being 88%.



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BP sees biggest profit in 114-year history after oil and gas prices soar

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(picture BBC)

Energy giant BP has reported record annual profits after oil and gas prices surged last year following Russia’s invasion of Ukraine.

The company’s profits more than doubled to $27.7bn (£23bn) in 2022, compared with $12.8bn the year before.

Other energy firms have seen similar rises, with Shell reporting record earnings of nearly $40bn last week.

The profits have led to calls for energy firms to pay more tax as many households struggle with rising bills.

BP boss Bernard Looney said the British company was “helping provide the energy the world needs” and investing the transition to green energy.

Energy prices had begun to climb following the end of Covid lockdowns but rose sharply in March last year after Russia invaded Ukraine, sparking concerns about global supplies.

The price of Brent crude oil reached nearly $128 a barrel, but has since fallen back to about $80. Gas prices also spiked but have come down from their highs.

It has led to bumper profits for energy companies, but also fuelled a rise in energy bills for households and businesses.

(BBC)

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Public spending on education in SL declining but non-state actor participation in sector up: IPS

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L-R Dr Madura Wehella, former Additional Secretary (Policy, Planning and Review), Ministry of Education; Prof Harischandra Abeygunawardena, Chairman, National Education Commission; Dr Nisha Arunatilake, Director of Research, IPS; Asith de Silva, Senior Manager - Social Innovations, Dialog Axiata PLC and Dr Harsha Alles, Chairman, Gateway Group

By Lynn Ockersz

‘Despite Sri Lanka’s free education policy and expansion of state activities in education, public spending on education has historically declined. Government expenditure on education is low compared to Nepal, India and Malaysia, for example, although research indications are that non-state actor participation in the sector is growing, Director of Research at the Institute of Policy Studies of Sri Lanka Dr. Nisha Arunatilaka said.

‘Encouraging non-state sector participation in education services and expanding on successful collaborative initiatives between the state and non-state sectors to improve services, efficiency and quality, though under regulation and with attention to ensuring equity, are some measures that could be taken to address the challenges faced by Sri Lanka’s non-state education sector, Dr. Arunatilaka added. She was addressing an IPS and UNESCO-initiated panel discussion titled, ‘Non-State Actors in Sri Lanka’s Education Sector’, on January 24, at the IPS’s Dr. Saman Kelegama auditorium, to mark International Day of Education.

The event was aimed at raising public awareness on the findings of the ‘Global Education Monitoring Report 2022 South Asia’, which draws on the global comparative research by the ‘Global Education Monitoring (GEM) Report at UNESCO’. The IPS is one of six regional partners who contributed to the report on the basis of Sri Lanka’s experiences in the relevant areas of interest, IPS sources said.

Earlier, addressing the audience online, Senior Project Officer (Research), Global Education Monitoring Report, UNESCO, Dr. Priyadarshani Joshi said: ‘The 2022 GEM Report demonstrates inadequate public provision in South Asia and discusses the different contributions to education made by the region’s diverse non-state providers. To strengthen South Asia’s education sector, we suggest bringing all actors under one umbrella to work towards achieving educational goals by creating an enabling policy and regulatory environment, built on standards, information, incentives and accountability.’

The IPS-UNESCO panel brought together some key figures in Sri Lanka’s educational sphere from the state and non-state sectors. Following their presentations a Q&A session with the audience followed.

Chairman, National Education Commission Professor Harishchandra Abeygunawardena said in his presentation and in response to issues raised by the audience: ‘There is certainly a role for non-state actors in Sri Lanka’s education sector. We need to improve non-state access to the lower levels of education and to the tertiary level of the structure. Currently, resource constraints face the government. Here’s where the private sector could come in and help meet this shortfall in resource-allocation. In these efforts we need to keep in mind the primary aims in education: Providing universal access to education, irrespective of creed, ethnicity, language and other differences and bringing out good citizens. The promotion of patriotism among students is important.

‘However, there is no accountability on the part of some private schools. Many private schools do not get registered with the authorities. The impression that one gets with regard to many institutions in this sector is that ‘education is up for sale’. The number of students “passing out” with “top degrees” is astounding. The quality of teaching and the educational qualifications of many teachers leave much to be desired.’

Chairman, Gateway Group, Dr. Harsha Alles said: ‘There is no support for the private sector in education. There are no loans for us free of charge but we have to pay all taxes without fail. Currently, there are 140,000 students in private schools. However, there are some 1,500 state schools with less than 50 students.

‘But private educational institutions could to do things differently. For example, through the use of modern technology in teaching. The public and private sectors have to work together. But the monitoring of private schools is important. The entirety of the latter institutions need to register with the authorities but this has not happened. We need to work out the cost per student. When this is done it will be found that the cost per private sector student is lower than that of his counterparts in the public sector.’

Senior Manager, Social Innovations, Dialog Axiata PLC, Asith de Silva stressed the need for up-skilling teachers. They need to acquire the ability to teach with the aid of modern technology. At present there is a lack of awareness among many teachers on the need for such abilities. They and the general public should be made aware of the importance of IT technology, if not such technology would be a like a new car that has been for bought for running but left completely unused. It is unfortunate that some school administrators and teachers have a misleading view on IT technology. Prejudices to the effect that the use of IT in teaching could lead to harmful consequences need to be dispelled.

Outlining some ways in which Dialog is helping in achieving educational goals, De Silva said that under its ‘Nenasa’ program eight channels are dedicated to teaching students from Years 1 to 13. There are four such dedicated channels in Tamil.

Former Additional Secretary (Policy, Planning and Review), Ministry of Education Dr. Madura M. Wehella focusing on existing gaps in educational regulations drew attention in particular to the 1961 Education Act which does not recognize non-state actors in local education. She said, among other things, that ‘state and non-state actors could collectively overcome regulatory constraints and strengthen the education system holistically’. For example, the two actors could collaborate in introducing innovations in the area of teacher training.

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Share market pulls back from green territory; mid-day trade slumps

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By Hiran H.Senewiratne

The CSE fell in mid-day trade yesterday, having pulled back after continuously being on the green in the past sessions. But banking sector counters showed some selling pressure due to certain comments in the media during the weekend on domestic debt restructuring, analysts said.

The market moved to green with a leap on Friday, generating over Rs 4 billion due to credit assurance from the Paris Club, Non Paris Club and bond holders on the matter of obtaining the IMF bail-out package, market analysts opined.

However, there’s a pull- back consequent to certain media articles on domestic debt restructuring, which resulted in impairing investor perception to greater extent, especially in the banking sector, market analysts added.

Consequently, both indices moved downwards. The All- Share Price Index went down by 78.4 points and S and P SL20 declined by 20.2 points. Turnover stood at Rs 2.3 billion with five crossings. Those crossings accounted for 30 per cent of revenue, analysts explained.

The companies that mainly contributed to the turnover were, Expolanka Holdings, which crossed 900,000 shares to the tune of Rs 172.8 million, its shares traded at Rs 492, JKH 1 million shares crossed to the tune of Rs 145 million, its shares fetched Rs 145, Sampath Bank one million shares crossed for Rs 45.5 million, its shares traded at Rs 45.50, Dialog Axiata 2.6 million shares crossed for Rs 26 million, its shares fetched Rs 10 and Agstar PLC 1.48 million shares crossed for Rs 23 million, its shares traded at Rs 15.60.

In the retail market top seven companies that mainly contributed to the turnover were, JKH Rs 308 million (2.1 million shares traded), Expolanka Holdings Rs 288 million (1.5 million shares traded), Aitken Spence Rs 119 million (794,000 shares traded), Lanka IOC Rs 87.1 million (434,000 shares traded), Expact Corrugated Cartons Rs 75.5 million (4.5 million shares traded) and Softlogic Capital Rs 70.6 million (4.2 million shares traded). During the day 73.8 million share volumes changed hands in 17000 transactions.

The banking sector should explore restructuring loans of salaried employees hit by progressive tax, Central Bank Governor Dr. Nandalal Weerasinghe said as progressive income taxes were imposed at lower thresholds amid high inflation following a sovereign default.

There have been complaints mainly by picketing state enterprise executives and also other workers of such agencies, such Sri Lanka Port Authority, that high progressive taxes were putting their bank accounts into overdraft after loan installments were cut.

Yesterday, the Central Bank announced the US dollar buying rate as Rs 359.99 and selling rate as Rs 370.18.

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