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SLTC hosts Research and Innovation Awards Night to felicitate top achievers

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Sri Lanka’s foremost corporate powered research University, Sri Lanka Technological Campus (SLTC), recently successfully concluded its Research and Innovation Awards Night – RaIN 2021 – to felicitate achievers who have won international and national recognition for research and innovation. The event was held at the SLTC Padukka Campus and was graced by Min. Namal Rajapaksa, Minister of Youth & Sports, as the Chief Guest and Minister of Trade Min. Dr. Bandula Goonewardena, Nipuna Ranawaka, Member of Parliament graced the occasion as Special Guests.

Sri Lanka Technological Campus took this opportunity to dedicate this event “Research & Innovation Awards Night – RAIN 2021″to recognize best performing researchers, staff and students, especially those who have shown exceptional performance in terms of research in the past years.

Key achievements as an institute such as publishing more than 80 plus research publications for the year 2020, being ranked as 19th in Sri Lanka in Webometrics rankings, publishing of 2 books and 5 book chapters, SLTC being the recipient of 2 major European Union (EU) research grants as a young university as well as individual performances such as publishing the Highest Impact Factor paper in Engineering & Physics – 2019 were highlighted during this event

Winners of last year’s World Invention & Trade Expo (WINTEX) International Paper Competition held in Indonesia were recognized at the event. Five teams from the School of Engineering at SLTC secured three Gold Awards, two Silver Awards & a Special Awards for Best Application of Technology in the ‘Best of the Best’ category.

In addition, 2 Performance Research Awards and 4 Emerging Young Researcher Awards were handed over to respective winners by Mr. Namal Rajapaksa while Mr. Nipuna Ranawaka MP gave away seven awards: one Certificate of Appreciation for Undergraduate Research Supervision and six Certificates of Recognition for Mentoring & Coaching Undergraduate Research & Innovation.

Speaking at the event, Founder President/CEO Eng. Ranjith Rubasinghe said: “SLTC was started in 2014 with an investment of only USD 1 million, with the single-minded intention of uplifting the quality of private-sector education in Sri Lanka. I am very proud of how the University has grown and expanded since and the many accolades distributed today, some awarded by global bodies, are a testament to how we have manifested the aforesaid intention through the uncompromised quality of education offered. Today SLTC has over 3000 students, 200 distinguished members of faculty & many state-of-the-art facilities that serve to produce highly sought after, employable & world-class graduates who will go on to become the leaders of tomorrow.”

He said that SLTC was the first University to spend over 25% of revenue on research and the only Institution to have a dedicated faculty to engage in research only and facility to liaise with affiliated foreign Universities i.e., Centre for Global Education (CGE).

Meanwhile, Minister of Youth and Sports Min. Namal Rajapaksa noted: “While free education should be protected at all costs, our system should accommodate more private sector players who can deliver to match the global standards in terms of higher education – a lot of the Universities abroad depend heavily on research; to produce competitive & competent graduates who are employable globally, we have to embrace this trend as well. I believe SLTC has so far done a tremendous job in that regard. SLTC is well poised to be not just the No 1 research University in Sri Lanka but also one of the top facilities regionally.”

One of the highlights of the evening was an act by the Sri Lankan indigenous (Veddah) community for which the introduction was provided by music composer, award-wining vocalist & faculty member of SLTC Mr. Nadeeka Guruge. The Awards Night which was carried out adhering to health & safety guidelines was a resounding success.

Sri Lanka Technological Campus is the first research-based, residential, university with strong industry links locally & internationally offering an extensive repertoire including more than 25 degree programs of Ministry of Education & approved degrees.



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CDS signs up with Lanka IOC to act as Registrar

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The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed a service agreement with Lanka IOC PLC as the registrar for Lanka IOC PLC, with effect from 01st of January 2023. Lanka IOC PLC, with a corporate history spanning 20 years, is the only private sector auto fuel retailer in Sri Lanka. Over the years, the company has made a significant impact on the socio-economic landscape by enabling mobility, economic activity, and development. With an island-wide footprint of 213 retail outlets, the company services 12% of the country’s retail fuel demand.

Reasoning on appointing CDS, as the Registrar for Lanka IOC PLC, its’ Managing Director, Manoj Gupta, said, “we engaged CDS to conduct our virtual annual general meetings during the period of COVID 19 pandemic where all listed companies were not in a position to convene any physical meeting as it was most essential to maintain social distance. We found the services rendered to us by CDS were highly satisfactory. Thus, we are happy to appoint CDS as the Registrars of the company.” “CDS has provided the service of handling the dividend payments to shareholders consecutively for the last
three years and carried out the functions in a very good manner, coordinating well with the bankers and shareholders,” added the Company Secretary of Lanka IOC PLC, Ms. Amali Liyanapatabendi

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SLT-MOBITEL honoured at Asian Technology Excellence Awards 2022

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Reiterating its leadership in innovative broadband deployment solutions, SLT-MOBITEL, the National ICT Solutions Provider was honoured with the prestigious ‘Technology Excellence Award for Network and Broadband – Telecommunications’ at The Asian Technology Excellence Awards 2022. The recognition is in appreciation of SLTMOBITEL’s innovative use of LTE 850MHz broadband solution which provides extensive coverage to rural areas of the country.

Understanding the need to provide superior rural connectivity to support the nation’s ongoing digital transformation and bridgingn the digital divide, SLT-MOBITEL’s innovative LTE 850MHz network strategically combined the underutilized spectrum from obsolete CDMA fixed line operations and forfeited its resources to obtain a new noninterfered 5MHz band for 4G LTE deployment from The
Telecommunication Regulatory Commission of Sri Lanka (TRCSL). This enabled, SLT-MOBITEL to significantly enhance rural connectivity across Sri Lanka, empowering every Sri Lankan to avail the benefit of SLT-MOBITEL’s Sub1GHz 850MHz LTE network especially during Covid-19 travel restrictions where broadband had become a necessity for everyone. In addition, SLTMOBITEL’s LTE 850MHz solution recovered valuable national spectrum resources which was interfered and exhausted earlier. With the coverage enhancement the mobile arm was able to connect an additional 700,000 subscribers who did not have access to broadband services earlier. With the LTE 850MHz deployment, SLT-MOBITEL was able to further bolster its support during COVID-19, providing rural communities especially the school children, people who worked from home and national authorities to immediately respond to Covid-19 emergency situations, thereby narrowing Sri Lanka’s digital divide

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Lingering debt-restructuring worries trigger share market volatility

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By Hiran H.Senewiratne

CSE trading was characterized by a marked degree of volatility yesterday. The CSE started trading on a positive note but by mid-day the market had turned negative, only to register some recovery during the latter part of the day. But the recovery could not be fully sustained, market analysts said. Market volatility could be traced to the worry among traders that the Chinese government is yet to respond
positively to the Sri Lankan government’s debt restructuring plan, although the Chinese Exim Bank responded positively to the IMF bailout proposition, analysts said. Stock market mid- day shares fell on
profit- taking after the market had continuously been on green after debt restructuring assurances by major creditors, an analyst said. “However, the anticipated rate cut wasn’t met and the
market over- reacted and moved to red, the analyst added.

Amid those developments both indices indicated a downward trend.The All- Share Price Index went down by 11.5 points and S and P SL20 declined by 2.78 points. Turnover stood at Rs 1.2 billion with two crossings. Those crossings were reported in Melstacorp, where 594,000 shares crossed to the tune of Rs 29.7 million, its shares traded at Rs 50 and Horana Plantations 300,000 shares crossed for Rs 21 million, and its shares traded at Rs 70. In the retail market, top seven companies that mainly contributed to the turnover were, Lanka IOC Rs 269 million (1.3 million shares traded),Softlogic Life Insurance Rs 147 million (1.3 million shares traded), Softlogic Capital Rs 122 million (eight million shares traded), LOLC Holdings Rs 71.9 million (158,000 shares traded), Expolanka Holdings Rs 54.4 million (289,000 shares traded), Browns Investments Rs 41.9 million (six million shares traded) and JKH Rs 41 million (298,000 shares traded). It is said that high net worth and institutional
investor participation was noted in Agstar, Melstacorp and JKH. Mixed interest was observed in Lanka IOC, Expolanka Holdings and LOLC Holdings, while retail interest was noted in LOLC Finance, Browns Investments and Softlogic Capital.

The Materials sector was the top contributor to the market turnover (due to Agstar), while the sector index gained 0.18 per cent. The share price of Agstar increased by 50 cents (3.23 per cent) to
close at Rs.16. The Diversified Financials sector was the second highest contributor to the market turnover (due to LOLC Holdings), while the sector index increased by 2.16 per cent. The share price of LOLC Holdings appreciated by Rs. 21.75 (5.11 per cent) to close at Rs. 447.25. During the day 41 million share volumes changed hands in 14000 transactions.

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