Category: Technology
Blackberry ends manufacture of iconic smartphone
Sept 29, 2016 (LBO) – BlackBerry says it will no longer manufacture the iconic smartphone and will instead outsource the function to partners. BlackBerry CEO John Chen said the company will prioritize software development, including apps and security. “We are reaching an inflection point with our strategy,” Chen said. “Our financial foundation is strong, and […]
Infrastructure: Sri Lanka Megapolis development on right track, says UDA DG
Sept 27, 2016 (LBO) – Sri Lanka is pushing ahead with ambitious Megapolis development plans keeping in mind the need to strengthen public sector capacity, a senior government official said. The Western region Megapolis is being designed around clusters in financial services, industry and manufacturing, airport related activity, technology, logistics, forestry and tourism, said Sumedha […]
Germany to get first zero-emission hydrogen-powered train
Sept 22, 2016 (LBO) – The world’s first CO2-emission-free train powered by hydrogen has been unveiled at the Berlin InnoTrans trade show and is due to start operations late next year. Dubbed hydrail, the train developed by French company Alstom was presented to the public on Tuesday. “Coradia iLint is a new CO2-emission-free regional train […]
London Stock Exchange fills 100 tech jobs in Sri Lanka
Sept 19, 2016 (LBO) – London Stock Exchange Group said its Business Services division (LSEG BSL) in Sri Lanka has completed the first stage of its set-up operations, with over 100 tech sector professionals recruited. Set up in May 2016, the new 26,000 sq ft technology centre at Expert City in Maradana, will be manned […]
Uber launches cash payment for rides in Sri Lanka
Sep 06, 2016 (LBO) – Uber, the smartphone app that connects riders to drivers, has launched cash payments as an option in Colombo giving users options to choose between credit or debit cards or cash when paying. “We know that cash is still the dominant payment option for people around the world, especially in emerging […]
‘s Dialog launches first VoLTE network on 4G
Sep 01, 2016 (LBO) – Sri Lanka’s Dialog Axiata, announced the launch of VoLTE (Voice over LTE), enabling ultra-high quality voice and video calls over its 4GLTE Networks today. VoLTE will be available at all locations covered by Dialog’s mobile 4G network in Sri Lanka, the company said in a statement. “The technology represents the […]
‘s website
COLOMBO, Aug 29 (Reuters) – Sri Lanka police on Monday arrested a 17-year old school boy on suspicion of hacking into the president’s official website, demanding that his university entrance examination dates not be changed, officials said on Monday. The website of President Maithripala Sirisena, www.president.gov.lk, was first hacked on Thursday and then again on […]
Opinion: Ceylon Steel excels with standardized “Flat Iron”
By Dr Edwin Ariyadasa Making Steel Industry history in Sri Lanka, Ceylon Steel Corporation has entered in to the production of standardized “Flat Iron”. Among the welding technicians, “Flat Iron” is known as “Steel Plating”. Ceylon Steel Corporation Ltd, the pioneer in Sri Lanka Steel Industry, presents standardized flat iron to the market, along with […]
‘s decision to air-gap public sector closely watched
Aug 29, 2016 (LBO) – Singapore is working on how to “air gap” web access for public servants as a defense against cyber attacks, a media report said. But some security experts say the policy, due to be in place by May, risks damaging productivity among civil servants and cutting them off from the people […]
Uber loses USD1.2 bln in first half on pricing battles
Aug 26, 2016 (LBO) – Ride-hailing company Uber Technologies Inc told its private investors that losses increased in the second quarter, even in the U.S., according to a Bloomberg report. In the first quarter of this year, on the whole, Uber lost about 520 million dollars before interest, taxes, depreciation and amortization, according to sources. […]
Visa opens up branch in Sri Lanka to boost electronic payments
Aug 25, 2016 (LBO) – A global leader in payments technology, Visa today announced the opening of a local office in Colombo and the appointment of Anthony Watson as the Country Manager for Sri Lanka. Visa has been present in Sri Lanka since 1989 and has consolidated its position as a market leader. Speaking at […]
VirtusaPolaris Receives Stevie Award for Investor Relations and Technical Innovation
(PRESS RELEASE) – WESTBOROUGH, Mass.,– VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading worldwide provider of information technology (IT) consulting and outsourcing services, announcedthat it has been awarded two Stevie Award recognitions; a Gold award for Investor Relations and a Silver award for Most Innovative Technology Company […]