Category: Technology
Toronto begins to rival Silicon Valley for tech startups
Mar 07, 2017 (LBO) – Toronto’s startup community has begun to rival Silicon Valley and offers more advantages to new companies. One reason is that the 2,100 and 4,100 tech start-ups in Toronto’s ecosystem don’t have to compete for engineers with Google and Facebook. “To compete in that environment for the best talent would be […]
Google loon may leave Sri Lanka, corruption accusation baseless: Harin
Feb 16, 2017 (LBO) – Sri Lanka’s controversial Google loon pilot project may be withdrawn from the country as a result of a spectrum issue with the International Telecommunication Union, the telecommunications minister said. Harin Fernando told reporters Thursday that Sri Lanka has so far delayed facilitating pilot tests by allocating the required spectrum of […]
Governments increasingly using emerging technologies: summit report
Feb 14, 2017 (LBO) – Governments are increasingly incorporating emerging technologies to improve public services, according to a report presented at the recent World Government Summit in Dubai. The Best Government Emerging Technologies report says several countries are now exploring “emerging technologies to provide government services more efficiently, effectively and have proven results.” Specifically, the […]
Experts from Facebook, Google coming to Sri Lanka for summit
Jan 25, 2017 (LBO) – Sri Lanka is planning to hold a digital summit in March this year to boost the country’s global digital presence. It is expected that experts and executive officers of prominent companies such as Facebook, Google, Social Capital, Infosys and other internationally reputed corporate CEOs will participate in this event. One […]
‘s JKH files patent on energy storage nanomaterial
Jan 16, 2017 (LBO) – Sri Lanka’s John Keells Holdings plc filed its first patent jointly with the Council for Scientific and Industrial Research (CSIR) India, in the area of energy storage materials, the company said in a statement. The patent application filed at an Indian patent office in December 2016 is related to a […]
Yahoo to be named Altaba, Mayer to leave board after Verizon deal
Jan 10, 2017 (Reuters) – Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc. Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and […]
Sri Lanka to have coordinating authority for science, technology and innovation
Jan 05, 2017 (LBO) – Sri Lanka’s Cabinet of Ministers has given the go ahead for setting up of a science, technology and innovation coordinating authority to enable better co-ordination of research and development institutions. “It will be done with the view of gaining the maximum outcome of investments made on science, technology and innovation for […]
Supun Weerasinghe appointed as group CEO of Dialog Axiata
Jan 02, 2017 (LBO) – Sri Lanka’s telecommunications blue chip Dialog Axiata today informed the stock exchange that Supun Weerasinghe has been appointed as the Group CEO with effect from yesterday. Dialog Axiata said the board of directors of the company approved the appointment of Weerasinghe as an executive director of the Company. “Weerasinghe presently […]
Samsung designs all-screen front for Galaxy S8 phones
Dec 08, 2016 (LBO) – World’s biggest smartphone vendor Samsung is planning to create an all-screen front for the Galaxy S8 smartphones coming out next year, reports said. A virtual home button will also be included in the screen while scrapping the physical home button and embedding the fingerprint sensor also in the display. The […]
London Stock Exchange Group opens new tech facility in Sri Lanka
Dec 06, 2016 (LBO) – London Stock Exchange Group (LSEG) yesterday announced the opening of its new state-of-the-art technology facility in Sri Lanka. Headquartered in the TRACE Expert City precinct of Colombo, the new technology hub was opened by the Prime Minister of Sri Lanka, Ranil Wickremesinghe and LSEG Chairman, Donald Brydon. A delegation including […]
SLT to power Lanka Government Network, LGN 2.0
Nov 17, 2016 (LBO) – Sri Lanka Telecom has been chosen as the total communication service provider and communication infrastructure provider to the Lanka Government Network, in a collaborative move by the national government and the Information and Communication Technology Agency of Sri Lanka (ICTA), a statement said. The LGN is a strategic project produced […]
Sri Lankan market crowded, Asian telcos under pressure in 2017: Fitch
Nov 15, 2016 (LBO) – Sri Lanka continues to be a crowded market with five operators serving a population of 21 million and set for consolidation, Fitch Ratings said in a statement. “We expect industry consolidation in India, Indonesia and Sri Lanka, as weaker telcos exit the market or seek mergers and acquisition to strengthen […]