Miss S. R. Mahanthege of the Department of Statistics & Computer Science won the Physical Science Award - 2016 for the best undergraduate research project in the field of Statistics awarded by Sri Lanka Association for the Advancement of Science (SLAAS) for the project titled "Modeling and Forecasting daily OPEC reference basket crude oil prices" supervised by Dr. (Mrs.) D. D. M. Jayasundara and Mrs. N. V. Chandrasekara. The Award was presented at the Inauguration Ceremony of the 72nd Annual Session of SLAAS held at BMICH on 5th December 2016 with the presence of His Excellency the President Honorable Maithripala Sirisena.