Category: Technology
‘s ink deal of USD145Mn for science and tech higher education
Feb 14, 2019 (LBO) – The Asian Development Bank (ADB) and four Sri Lankan universities signed project agreements totaling US 145 million dollars under the ADB funded Science and Technology Human Resources Development project to foster science and technology in Sri Lanka’s higher education. “To achieve higher incomes and better standards of living, the Sri Lankan […]
Sri Lanka Trade Min. launches digital platform for small, informal biz
Feb 14, 2019 (LBO) – Sri Lanka has began work on the first national digital data bank for its SMEs and entrepreneurs recently with the backing of a Singaporean firm. Under the new initiative the National Enterprise Development Agency (NEDA) will execute a nationwide centralised database of all SMEs and entrepreneurs thereby boosting the performance […]
‘s first social innovation lab
Feb 14, 2019 (LBO) – The Citra Social Innovation Lab, co-developed by the Ministry of Science, Technology and Research and the United Nations Development Programme, was officially launched by Prime Minister Ranil Wickremesinghe in Colombo, Wednesday. As Sri Lanka’s first Public Sector Innovation Lab, Citra works to strengthen institutions, build capacities of the public sector, and […]
DFCC becomes first Sri Lankan bank to be certified for Visa’s QR Payment Solution
DFCC Bank created history by becoming the first bank in Sri Lanka to be certified for Visa’s QR Payment Solution. A ceremony was held recently at the DFCC Bank to mark this achievement in the presence of senior management of DFCC Bank and Visa. The service brings the advantages of security, reliability, and global acceptance […]
Frontier Capital Partners to launch AI ChatBot to cater Tuk Tuk industry
Sri Lanka’s post war era emerging investment banker Frontier Capital Partners – that transferred some of the country’s prominent group companies to conglomeration in the post war era from 2009 to 2019, in a decade has recently released a newly developed advanced Artificial Intelligence (AI) ChatBot assistant titled ‘TukBoy’. According to the company officials the […]
Central Bank requests customers to use EMV enabled cards for ATM transactions
Feb 06, 2019 (LBO) – Sri Lanka’s Central Bank requests customers to use EMV enabled payment cards for ATM transactions to strengthen the security of these transactions. The EMV enabled cards carry an electronic chip which is visible at the front of the card. If the card used by a customer is not EMV enabled, […]
LankaClear says their payment network has not been compromised
Feb 05, 2019 (LBO) – Operator of Sri Lanka’s national payment network, LankaClear assures the general public that their payment network, LankaPay has not been compromised as it is fully secured adhering to international PCI-DSS security standard. The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle […]
Google+ requests consumers to save photos & videos before shutdown
Feb 01, 2019 (LBO) – American multinational technology company Google is requesting its consumers to download and save the content shared in their personal Google+ profiles as the company has decided to shut down the service for consumers by April 2019. The company said the decision was taken due to low usage and challenges involved […]
SLASSCOM hosts first-ever RPA Hackathon and Conference
Jan 31, 2019 (LBO) – The Sri Lanka Association of Software and Services Companies (SLASSCOM) will host the first-ever Robotic Process Automation (RPA) Conference and Hackathon Awards on 13th February 2019 at the Galle Face Hotel. Organized by the SLASSCOM Business Process Management (BPM) Forum, this event has already seen many companies submitting entries for […]
”’; withdraws ratings
Jan 30, 2019 (LBO) – Fitch Ratings has affirmed Sri Lanka Telecom’s Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at ‘B’ with a stable outlook and the agency has simultaneously withdrawn the ratings for commercial reasons. The ratings were withdrawn with the following reason For Commercial Purposes Key Rating Drivers Ratings Constrained by Sovereign: Prior to […]
Sri Lanka computer literacy at 27.5-pct: Digital literacy growing
Jan 30, 2019 (LBO) – Overall computer literacy reported in 1st half of 2018 for Sri Lanka is 27.5 percent, a new survey shows. This is an decrease of 0.8 percentage points from 2017 (1st half) to 2018 (1st half). When the digital literacy is considered two out of every five (aged 5 – 69) has […]
Web Development & Design Trends That Will Change the Digital Landscape In 2019
With every new year, arises the need for change. And yes, this also applies to the development and design of your website. If you are thinking about upping your web development offerings, you will have to incorporate the rising new website design, user interface and user experience (UI/UX) offerings as well. Because no matter how […]