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SLT-MOBITEL Partners STEMUP for ‘Hack:bit 2020’

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SLT-MOBITEL, the National ICT and Mobile Services Provider partnered with STEMUP Educational Foundation to conduct Hack:bit 2020, a virtual inter-school and inter-university nationwide hackathon with the aim of inspiring creativity amongst Sri Lankan youth. The grand finals of the Hack:bit 2020 took place recently with prizes worth Rs. 1.5 million presented to winners who represented School and University categories.

Hack:bit 2020 which was conducted virtually, provided students with a platform to present their innovative ideas through a disruptive product. It also allowed participants to explore their potential, and to develop their ideas into a successful real-world product. SLT-MOBITEL also conducted a webinar on STEMUP education for kids, during the event.

Commenting on the partnership, Chief Marketing Officer, SLT, Mr. Prabhath Dahanayake stated, “It has been a privilege to have joined hands with the STEMUP Foundation to see this event through. As a national service provider that prides itself in the mission of uplifting the nation and creating a tech-driven economy, it has been rewarding to witness young talent on a platform such as Hack:bit 2020 where they are allowed to get creative, to showcase their levels of passion and skill and become even more inspired with the fields of science, technology, engineering, and mathematics.”

Hack:bit 2020 participants had the privilege of working closely with industry experts who provided valuable know-how and insights to elevate their ideas and to help them further improve. Entries were evaluated by an expert panel of judges on key factors such as uniqueness of the idea, innovativeness, implementation, business value and sustainability. The panel of judges consisted of local technology and academic professionals with years of domain expertise between them.

 

 



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ICC’s Oceanfront Galle completed on time amidst Covid-19 restrictions

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Oceanfront Galle structure constructions have been completed on time, amidst the restrictions imposed by the authorities to contain COVID 19 pandemic. Nevertheless, ICC has taken initiatives to apply for COC in the beginning of June 2021.

The home owners and potential investors were invited to inspect on the construction progress of Oceanfront condominiums in Galle while experiencing the beautiful sunset by the Galle coast. ICC has conceptualized OFC Galle to have a view of the clear ocean from all possible angles featuring a fully equipped gym, a double floored spa and “Sunset” restaurant with beautiful views of the ocean.

Allowing investors to seamlessly enjoy the returns of OFC, ICC has introduced an all-inclusive rental management system which offers end-to-end solutions.

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Major-value stocks decline,three companies prop up ASPI

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By Hiran H.Senewiratne

Stock trading activities in the Colombo Stock Exchange(CSE) was subdued throughout yesterday as all major value-stocks declined in prices. Three companies; namely LOLC Development Finance (NIFL) Carsons and Bukit Darah kept the All Share Price Index positive, stock market analysts said.

Hence both indices showed mixed reactions. All Share Price Index was up by 16.98 points up and S&P SL20 down by 40.86 points. Turnover stood at Rs 1.94 billion with a single crossing. The crossing took place in HNB (Non Voting), which crossed 330,000 shares to the tune of Rs 36.3 million and its share price traded at Rs 110.

In the retail market top five companies that mainly contributed to the turnover were Expolanka Rs 247 million (4.9 million shares traded), Bukit Darah Rs 156.7 million (450,500 shares traded), LOLC Rs 145.5 million (365,000 shares traded), Browns Investments Rs 128.5 million (21 million shares traded) and HNB (Non Voting) Rs 109.3 million (993,000 shares traded).

When Bukit Darah share price appreciated by 25 percent or Rs 51.25 from its initial trading price of Rs 279.50 to Rs 355, its holding company Carson Plc  share price also appreciated in parallel to its. Carsons Plc share price appreciated by 18 percent or Rs 52. Its share price started trading at Rs 293 and at the end of the day it shot upto Rs 345.

Further, NIFL being a low float company its share price increased by 25 percent or Rs 51.25. Its share price started trading at Rs 205 and at the end of the day it moved to Rs 256.25. These companies positively contributed 75 points to the All Share Price Index. Carsons contributed 28 points, Bukit Darah 28 points and NIFL 19 points to the All Share Price Index.

NIFL or LOLC Development Finance Company  has emerged as the most valuable finance company in terms of market capitalization. During the last seven sessions it’s share price appreciated by 261 percent or 3.6 times. The share price staryed trading at Rs 71 seven days ago and today it has moved up to Rs 256.25.

 

 

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People’s Bank Dankotuwa branch moves to new premises

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Opening of the People’s Bank Dankotuwa Branch at the new location which offers added convenience to its customers

 

People’s Bank Dankotuwa Branch moved to a new location recently. The opening ceremony of the new premises was attended by People’s Bank Chief Executive Officer/ General Manager Ranjith Kodituwakku.

The new spacious premises offers added convenience to customers along with a full range of services backed by the latest digital banking technology.

People’s Bank Deputy General Manager (Recoveries) Lionel Galagedara, Regional Manager(Puttalam) K.A.A.S Peiris, Assistant Regional Manager S.A.M.L Sirimanne, Dankotuwa Branch Manager D.M Liyanage, customers, also participated at the event.

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