Category: Technology
Cabinet approves USD50mn ADB loan to boost rooftop solar power generation
Sept 12, 2018 (LBO) – Sri Lanka’s cabinet nod has been received to obtain 50 million US dollars worth ADB loan to help fund rooftop solar power generation systems in Sri Lanka.The project will finance rooftop solar power subprojects equivalent to an additional capacity of 50 megawatts while building capacity and awareness of relevant authorities, […]
Female founders introduce a solution to all parking problems at Disrupt Asia
Park and Pay was crowned the winner of Start-up battle at Disrupt Asia 2018, Sri Lanka’s Premier Start-up Conference and Innovation Festival, which took place on August 11, 2018 at the Trace – Expert City. The event, with participation of experts from different fields, promoted the innovation ecosystem which is a key pillar of Science, […]
SAKS analytics introduces disruptive innovation to Sri Lanka, partners with AntWorks
Aug 27, 2018 (LBO) – As regional businesses continue to make incremental progress in their augmentation of technology into operational and strategic business processes, a subsidiary of one of Sri Lanka’s largest and oldest conglomerates, SAKS Analytics, announced a breakthrough partnership with global artificial intelligence (AI) and intelligent automation company, AntWorks, in a bid to introduce […]
Data science enthusiasts explore emerging trends at Colombo big data meetup
Aug 27, 2018 (LBO) – Industry professionals, big data enthusiasts, academics and students congregated at the latest edition of the Colombo Big Data Meetup held recently at the Virtusa auditorium. Powered by Virtusa, the interactive sessions apprised participants of the latest developments in Big Data tools and technologies. Selvendra Selvarajah, Associate Architect at Virtusa and […]
Mobitel partners first-ever ‘YouTube Open Mic Night’ in Sri Lanka
Mobitel was the Official Telecommunication Partner for the first-ever ‘YouTube Open Mic Night’ in Sri Lanka held at the Shangri-a – Colombo recently.Considering that this is YouTube’s first event in the country, the occasion witnessed the presence of YouTube celebrities, content creators, YouTube influencers, enthusiasts, brand ambassadors and social media buffs under one roof along […]
eChannelling launches its digital services at District Hospitals in Sri Lanka
Aug 21, 2018 (LBO) – A Fully-owned subsidiary of Sri Lanka Telecom, e-Channelling PLC recently launched its service at Ampara General Hospital marking it as the first district Hospital in Sri Lanka to have the service. The company said the facility will be launched islandwide in the future as a national endeavor to revolutionize the healthcare […]
Hirdaramani completes 1st stage of long-term Solar Panel Project
Celebrating 10 years since the opening of its flagship green facility Mihila, Asia’s first CarbonNeutral® Apparel factory, The Hirdaramani group this month is again paving the way with the installation of the largest Rooftop Solar installation in the Apparel Sector in Sri Lanka.The installations are part of the Suryadhanavi – meaning ‘generated from the sun’ […]
Galaxy Note9 now available for pre-order in Sri Lanka
(Press release) – Samsung today opened pre-bookings for its flagship Galaxy Note9 smartphone in Sri Lanka. The latest addition to its premium Note series was launched globally in New York on August 09. The pre-book offer in Sri Lanka comes with an exciting deal, along with being one of the first to own the Note9, […]
Virtusa worth $ 1.5 billion, projects year-end March 2019 revenue of $ 1.25 billion
August 15, 2018 (LBO) – Nasdaq listed software development company Virtusa (VRTU) reported earnings for the quarter ended June 30th 2018 last week. The company reported revenue of US$300mn in the quarter, up over 30% year over year, and up 6% sequentially. Non-GAAP net income was US$17mn for the quarter. For fiscal year 2019, which […]
Hemas Group net profit down 20-pct in 1Q amid high finance cost
Aug 15, 2018 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure, and healthcare has posted a shareholder profit of 554.3 million rupees in the June 2018 quarter, down 20.2 percent from a year earlier, interim accounts showed. The decrease in profit is due to reduced interest income post utilization of cash […]
Jaffna uniquely positioned for dual-hub IT strategy: STAX
Aug 14, 2018 (LBO) – Sri Lanka’s leading management consulting firm, STAX, recently launched a research report outlining a dual-hub IT strategy for Jaffna. In collaboration with Market Development Facility (MDF), STAX released this report with a view to fostering the region’s substantial potential for IT-related services in line with the national drive to develop […]