Category: Technology
Sri Lanka nominated for destination of the year award in UK for technology: SLASSCOM
Nov 13, 2019 (LBO) – SLASSCOM announced that Sri Lanka has been nominated for this prestigious award by the Global Sourcing Association (GSA). The Delivery Destination of the Year Award was established to champion best practice in sourcing programmes and to recognise and reward delivery destinations that deliver excellent results and value-add to the strategic […]
LSE announced the launch of Millennium platform for AAX crypto-currency trading
AAX launches as the first digital asset exchange using Millennium ExchangeTM matching engine technology Marks the first deployment of Millennium ExchangeTM in the cloud Demonstrates ability of LSEG Technology’s low-latency, resilient and scalable matching engine to support new markets and asset classes LSEG Technology, London Stock Exchange Group’s technology solutions provider, today announces that Millennium […]
JKH Sept quarter net profit down 55-pct amid Easter Sunday impacts
Nov 01, 2019 (LBO) – Sri Lanka’s diversified John Keells Holdings said its profits for the second quarter were mainly impacted by the Easter Sunday impacts on the leisure businesses and the decline in finance income. The profit attributable to equity holders in the second quarter at Rs.2.29 billion is a decrease of 55 percent […]
Moody’s Analytics Knowledge Services Lanka to expand its IT services
Oct 28, 2019 (LBO) – Sri Lanka’s Board of Investment signed a supplementary agreement with Moody’s Analytics Knowledge Services Lanka (Pvt) Ltd to expand its IT-enabled Services. The project will provide IT-enabled research and analysis services for export, provide editorial, desktop processing and compliance services, financial training, research and analysis services in respect of overseas […]
Moratuwa University shifts gears in innovation & commercialization
Oct 10, 2019 (LBO) – The University of Moratuwa is shifting gears in innovation and commercialization through the University Business Linkage Center (UBLC). UBLC was initiated with a University Grants Commission Circular and is funded by the World Bank for a few years through the AHEAD (Accelerating Higher Education Expansion and Development) project. The UBLC […]
Noolaham Foundation preserves the past to enrich the future
By Jekhan Aruliah We can be so blinded by the white hot heat of innovation that we fail to see the red embers of renovation. We are so focussed on finding treasure and riches in the bright new future that we forget about the jewels to be found in the dimmer recesses of the past. […]
Mastercard Track to modernize USD125Tn global B2B payments market
Advances in technology and actionable real-time data are driving businesses to operate faster and smarter. Yet, business payments are often rooted in legacy practices established decades ago. Until now. Mastercard (NYSE: MA) today unveiled its plans to modernize the business-to-business (B2B) payment ecosystem with Mastercard TrackTM. The Track brand of products represents a transformational change […]
Sri Lanka Singapore Business Council promotes Brand SL and showcases tech talent
SLSBC over the years has played the role of the catalyst to its members and other Sri Lankan corporates to promote bilateral trade between the two countries. This year, the SLSBC led a delegation of 31 Board level individuals from 26 local companies drawn from a multitude of industry sectors to explore opportunities. What was […]
Transforming eCommerce, one customer experience at a time
Living in a digital age, an eCommerce website is no longer a luxury or sign of forward thinking, but rather a necessity for businesses, big or small, global or local. If you have a business and don’t have an eCommerce website, you are less likely to see maximum growth in the near future. Your website […]
Sri Lanka prepares to pioneer USD50Mn fully-fledged Ocean University
Aug 30, 2019 (LBO) – Sri Lanka’s state-run job skilling apparatus, the Technical, Vocational Education Training (TVET) sector, is now poised to receive the largest project funding in its history. Once agreements are finalized, a 50 million US dollars worth facility is set to spawn a fully-fledged Ocean University in Sri Lanka. Also nine new […]
‘s most powerful AI processor
Aug 26, 2019 (LBO) – Huawei officially launched the world’s most powerful AI processor, the Ascend 910 as well as an all-scenario AI computing framework, MindSpore. “We have been making steady progress since we announced our AI strategy in October last year,” said Eric Xu, Huawei’s Rotating chairman. “Everything is moving forward according to plan, […]
Virtusa to automate SLT backend services & revamp service offerings to customers
Sri Lanka Telecom (SLT), the national ICT and digital solutions provider entered into a landmark agreement with Virtusa Private Limited, a global provider of digital strategy, digital engineering, and IT outsourcing services, heralding a radical transformation in customer experience for SLT’s valued customers in the coming weeks and months. The signing of this memorandum of […]