Confirming SLIIT’s ranking as the nation’s premier higher education institute and its students’ quality, several graduates received scholarships to pursue their postgraduate studies in prestigious universities in Germany.
SLIIT recently celebrated the first batch of SLIIT alumni students who will transfer to Germany for postgraduate studies.
Praveen, Hasal and Varuni have enrolled at the University of Bremen for postgraduate programmes in MSc Control, Microsystems and Microelectronics. The University of Bremen is among one of Germany`s top eleven universities of excellence. It is renowned for its strengths in the sciences and engineering, disciplines as well as the humanities and the social sciences.
Binura Perera is a recipient of the DAAD (Deutscher Akademischer Austauschdienst) Scholarship awarded by the German government for potential leaders from developing countries. Remarkably this scholarship for the renewable energy domain has been awarded to a Sri Lankan after a lapse of 15 years. He is pursuing the Masters in Renewable Energy (PPRE) at the University of Oldenburg, which is considered the oldest postgraduate course in Renewable Energy in Europe and home to several leading brands, products and prestigious alumni in the renewable energy field. The opportunity to study the course is given only to 22 promising candidates who have proven their calibre during a rigorous selection involving 1000+ applicants from around the world.
After graduating from SLIIT in 2017 with the award for the best performer and a first-class degree in Mechanical Engineering, Binura has made great strides in creating sustainable energy benchmarks for the apparel industry. As the group lead energy engineer for Brandix Apparel Limited in 2018/9, he and his team successfully obtained the World Green Building Council recognition for the world’s first carbon-neutral apparel manufacturing facility. The team achieved the world’s second-highest score for a green manufacturing plant (LEED) awarded by the US Green Building Council for the Brandix Batticaloa factory, with several first in Sri Lanka and first in the region projects.
Commenting on these scholarships, Prof. Nimal Rajapakse, Deputy Vice-Chancellor (Academic) of SLIIT said, “We are extremely proud that our students received these scholarships from prestigious institutions in Germany.”
This is not only recognition of their academic abilities but also showcases SLIIT’s track-record in producing world-class graduates who can compete with the best in the world. We are confident that these graduates will make the best out of this wonderful opportunity and serve our nation after they complete postgraduate studies.”
Before studying in Germany, Varuni graduated from SLIIT with a BSc in Electrical and Electronic Engineering, achieving First class honours. During which she was also awarded the Dean’s List recognition for three consecutive years. Since mid-2020, she has been studying for her MSc. in Control, Microsystems and Microelectronics at the University of Bremen, Germany. She was employed as an Assistant Lecturer at SLIIT’s Engineering Department before leaving for Germany. Varuni’s research interests include Computer Vision and Image processing, Machine learning, etc.
Praveen was an Academic Instructor at SLIIT’s Department of Electrical and Electronic Engineering. He graduated from SLIIT with a BSc Electrical and Electronic Engineering and was awarded the Dean’s List recognition. His research interests include Machine learning, Embedded Systems, Computer Vision and Image processing, etc.
Hasal was employed as an assistant lecturer at SLIIT’s Engineering Department after graduating with a BSc. Electrical and Electronic Engineering. He obtained first – class honours. A member of the Institution of Engineering and Technology (MIET), Hasal interned as a trainee at the Ceylon Electricity Board and the Airport & Aviation Authority. SLIIT offered him several semester scholarships based on his continuous superior academic performance. He was also recognised on the Deans’ Lists from 2016-2018.
Explaining their pathway in attending the German University, Praveen said, “All of us worked at SLIIT for one year after graduation. We worked on a project together that focused on a human gait cycle detection/prediction algorithm using low computation with Dr. Nimsiri Abhayasinghe, Head, Department of Electrical and Electronic Engineering. Varuni and I have worked on a project focused on a machine learning based lecture capturing system. Hasal’s project was based on virtual power plants for power system flexibility. We are excited to study in a country that is world-renowned for its technology inventions and industrial capacity. We reached this milestone because of the quality of education offered by SLIIT look forward to this new exciting higher education phase in our lives.”
Image One – Binura Perera, a recipient of the DAAD Scholarship awarded by the German Government
OPPO releases new OPPO A54 in Sri Lanka
OPPO, the leading global smart device brand, announces the launch of OPPO A54 in Sri Lanka.
A54’s attention to design and great usability is evident in both its exquisite appearance and how it helps to capture great looking shots. This starts with the Material of the Rear Cover, which uses metallic material for its 3D panel, but contributes to a stronger and less bendable structure but also a comfortable in-hand feel. As a result, A54 weighs about 192g and is 8.4mm thin. To align the overall look and feel of the phone, close attention is paid to the Middle Frame Process.
“A Series is designed to enhance or complement our users’ lifestyles and OPPO A54 achieves just this with a phone that manages to balance a high-end performance with contemporary design. Its large 5000mAh battery and 18W Fast Charge makes sure you’re fully powered to get you through your day. With A54, you’ll also have enough storage and memory to make sure that you’ll enjoy your entertainment without the frustrations of an underperforming smartphone,” said Bob Li, CEO, XINDA Lanka (OPPO Sri Lanka).
The Rear Cameras itself feature a 13MP Main Camera, 2MP Macro Camera for close range shots, and 2MP Bokehfor brilliant bokeh shots that blur the background and highlight the subject of the photo. A54 enhances shots in all environments with Dazzle Color, balancing the saturation and brightness. A54 also supports filming videos including SLO-MO at 720P at 90FPS with the rear camera, and up to 10 video Filters including Original, Gentle, Noon, Subtle and more.
Pan Asia Bank records best-ever Q1 results in challenging times – Profit After Tax soars by 81% to post Rs. 750 mn.
Pan Asia Banking Corporation PLC reported the best-ever first quarter financial results during the quarter ended 31st March 2021 to report a Pre-Tax Profit of Rs. 986 Mn and a Post-Tax Profit of Rs. 750 Mn after recording impressive growth rates of 51% and 81% respectively, demonstrating the resilience amidst challenging macro economic conditions. The Bank’s performance was characterised by strength and resilience, despite the heightened uncertainty due to the impact of the COVID-19 pandemic.
Against the backdrop of the COVID-19 impact on the Sri Lankan economy, the Bank’s Operating Profits before VAT on Financial Services reached Rs. 1,197 Mn with an increase of 47%, reflecting excellence in core banking performance and the success of cost containment measures evidenced by improvement in all key matrices which now rank among the industry bests. This feat was achieved even after setting aside provisions for probable loan losses amounting to Rs. 638 Mn. The Bank increased the provision buffers for probable deterioration in credit quality through management overlays, experience adjustments and adjustments for the exposures in the elevated risk industries during the quarter. As a result, total impairment charges for the quarter increased by 21% on YoY basis.
The Bank’s Net Interest Income for the period witnessed an increase of 17% due to significant reduction in financial cost of funds at a rate faster than the drop in interest yields of interest bearing assets. Consequently, the Bank’s Net Interest Margin for the quarter improved to 5.07% from 4.41% reported three months ago. In the meantime, the Bank’s Net Fee and Commission Income recorded a growth of 28% with the rebound in demand for credit due to revival of economic activity amidst the low interest rate regime. The volatility in foreign exchange rates enabled the Bank to increase its Foreign Exchange Income substantially as reflected in Other Operating Income.
The Bank is committed to revenue maximisation and cost management despite sector vulnerabilities that prevailed since last year. The Bank’s Cost-to-Income Ratio improved from 45.66% to 38.08% within a three months period owing to the excellence in core banking performance which is reflected in the noteworthy overall growth in key revenue lines and various strategies and measures taken to contain overhead costs. In fact, the Bank managed to bring down its Other Operating Expenses by 9% in 2021 Q1 compared to 2020 Q1. Meanwhile, increased allocations for performance bonuses, development of human capital and staff welfare led to an increase in personnel costs during the reporting period compared to 2020 Q1.
The Bank’s Post-Tax Profits for the reporting quarter also gained to an extent due to application of lower corporate income tax rate of 24% for tax provisioning in accordance with the guideline issued by CA Sri Lanka on 23rd April 2021.
The Bank continues to report solid Key Profitability Indicators which rank among the highest in the industry. The Bank’s Pre-Tax Return on Assets also improved to 2.24% from 1.70%. Further, the Bank reported a stunning Return on Equity (ROE) of 19.27% during the quarter under review which stands among the industry best. The ROE is the most important performance indicator to gauge the attractiveness of the Banking sector and Pan Asia Bank during its last few years has consistently remained an outlier in the industry.
SLIIT nurtures school children at ‘Soft Skills + 2021’
The SLIIT Business School (SBS) organised ‘Soft Skills+ 2021’ concluded on an extremely successful note recently helping students engage, cooperate and thrive in building their talents towards personal development and career progression.
SLIIT Soft Skills+ event is an annual flagship CSR Project of the SLIIT Business School organized with the primary objective of developing secondary school students’ soft skills in positive thinking, creativity, analytical thinking, leadership skills, problem-solving skills, communication skills, and teamwork.
Over the years, the programme has garnered much popularity among schools and participants. Due to its tremendous success achieved in previous programmes, Soft Skills+ 2021 followed an upgraded structure. For the first time in the Soft Skills+ programme history, the event was held via online platforms, including a Soft Skills-based online quiz and an online workshop for students and teachers.
During the Grand Finale, Prof. Samantha Thelijjagoda, Dean of SLIIT Business School welcomed the participants and distinguished guests. Prof. Lalith Gamage, Vice Chancellor, SLIIT also addressed the gathering.
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