Category: Technology
Korea Eximbank checks feasibility to create ICT hub in Sri Lanka
Oct 31, 2016 (LBO) – South Korea’s export and import bank is planning to conduct a comprehensive feasibility study to establish an ICT Hub for secondary education in Sri Lanka through a joint consulting firm. Sri Lanka has identified that the availability of highly skilled labor force is vital to the economic growth as well […]
Sri Lanka to have 500 public Wi-Fi spots before end 2016
Oct 31, 2016 (LBO) – Sri Lanka’s Digital Infrastructure Ministry is expected to complete opening of 500 free public Wi-fi spots in the island before the end of this year. The Ministry of Telecommunication and Digital Infrastructure recently reactivated 405 hotspots that underwent an upgrade. The ministry is to open 95 new public Wi-fi facilities […]
South Asia Textiles embarks on USD3mn expansion
Nov 01, 2016 (LBO) – Textile manufacturer South Asia Textiles says it will extend its one billion rupee expansion program with a three million dollar investment in state-of-the-art technology. “Some of the machinery to be introduced will be the aerodynamic Air-Flow textile dye machines with absolute minimal usage of water, a continuous washer which saves […]
Opinion: IT security for your enterprise, have you got it all covered?
By Dimuthu Leelarathne, director of solutions architecture at WSO2 Cyber security and the resultant risks, if not addressed properly, was a hot topic in Colombo recently. And it’s now taken the spotlight globally as well with various discussions taking place to commemorate US cyber security month. Even a top regional study released in Singapore recently […]
First blockchain trade in cotton from Texas to China
Oct 24, 2016 (LBO) – Australia’s Commonwealth Bank and Wells Fargo have used blockchain, the technology behind the digital currency bitcoin that can secure financial transactions, in the first global trade transaction involving a shipment of cotton. The shipment of cotton was from Texas to Qingdao in China — the trade involved an open account […]
Strong growth for Sri Lankan telcos, despite higher taxes: Fitch
Oct 21, 2016 (LBO) – Fitch Ratings said Sri Lanka Telecom rating of B+/Negative/AAA(lka)/Stable and Dialog Axiata PLC AAA(lka)/Stable will remain steady despite higher taxes and large capex. “The ratings of both telcos benefit from high headroom capable of absorbing some margin dilution and lower cash generation,” the company’s rating statement said. The stable outlook […]
Verizon may renegotiate Yahoo deal after data breach
Oct 14, 2016 (LBO) – Verizon Communications Inc. may renegotiate its 4.8 billion dollar deal for Yahoo Inc. following the internet company’s recent disclosure of a data breach that affected more than 500 million accounts. Verizon’s General Counsel Craig Silliman said it was reasonable to believe that the breach represented a material event that could […]
Ravi Karunanayake complains to CID over fake social accounts
Oct 14, 2016 (LBO) – Finance Minister Ravi Karunanayake has complained to the CID that fake facebook and twitter accounts have been carried out in his name. The accounts are under the names of Ravi Karunanayake Lanka Intelligence and Ravi Karunanayake @RavikOfficial. “I have no connections whatsoever with these two pages which publishes news detrimental […]
Sri Lanka has too many telcos, 2017 to be transformative year: Harin
Oct 10, 2016 (LBO) – Sri Lanka’s Minister of Digital Infrastructure and Telecommunication says that the island needs to look at ways of reducing it’s telecommunication providers as it is over crowded. “We have five companies in Sri Lanka which is too much,” Harin Fernando, Minister of Digital Infrastructure and Telecommunication said. “We are trying to look at ways […]
Universal Robots Denmark launches first collaborative robot in Sri Lanka
The pristine island of Sri Lanka with its serene Buddhist culture will make-way for a technology pit-stop for one of the world leaders in the concept of ‘collaborative Robotics’. Universal Robots, a Danish robot manufacturer which invented and pioneered collaborative robots or ‘co-bots’ as they are popularly called, presented this technology to the Sri Lankan […]
PwC and SLASSCOM join hands to empower startups in Sri Lanka
In a joint effort to empower startups in the country, PwC Sri Lanka has joined hands with SLASSCOM (Sri Lanka Association for Software and Services Companies) to introduce Sri Lanka to Europe’s largest and leading annual startup and technology event, SLUSH, while also giving local startups a unique opportunity to help solve pressing challenges the […]
One in four Sri Lankan households own a computer: survey
Sep 29, 2016 (LBO) – At least one computer is available in 24 percent of households in Sri Lanka, in urban as well as rural areas, the Department of Census and Statistics said in its Computer Literacy report for 2015. “That is about one out of every four households owns either a desktop or a […]