Category: Technology
‘s National Digital Economy Strategy
Sri Lanka, a nation poised at the cusp of digital transformation, has taken a monumental step forward with the introduction of its National Digital Economy Strategy. Crafted through a collaborative effort between government bodies, academia, industry stakeholders, and supported by the World Bank, this strategic blueprint stands as a testament to Sri Lanka’s commitment to […]
WSO2 Expands Presence in India to Strengthen Service & Support for Customers Worldwide
WSO2 Inc., a leading independent software vendor specializing in open-source API management, integration, and identity and access management (IAM) products and internal developer platform technologies, is expanding its presence in India and has opened a new office in Bengaluru. Operating in India as ‘WSO2 India (Private) Ltd.’, the expansion is part of the company’s strategic […]
Visa sees 35%+ surge in debit card spends; trend expected to continue in upcoming Avurudu season
Visa (NYSE: V), the global leader in digital payments, today announced that Visa debit card spends saw a significant increase of over 35% in the past year, indicating healthy growth of digital payments in Sri Lanka. This increase is buoyed by a 30%+ increase in face-to-face spends and over 40% increase in ecommerce spends. As […]
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Tech investor Dr. Cornelius Boersch reaffirms commitment and future investments in SL
Having invested in the tech sector for thirty years across frontier markets spanning South America to Asia, Dr Cornelius Boersch maintains that all markets exhibit similar dynamics. With this perspective, he first visited Sri Lanka in October 2021, emerging as one of the earliest global tech investors to commit to post-COVID recovery through Mountain Lion […]
Microsoft joins hands with Sri Lanka in its journey to becoming unstoppable with AI
In a bid to strengthen commitment and partnership towards the South Asia region, Puneet Chandok, the President of Microsoft India and South Asia, made his inaugural visit to Sri Lanka in March 2024, since taking office in September 2023. Building on the two-decade journey of empowering the people of Sri Lanka through Cloud and AI […]
”’; Outlook stable
Fitch Ratings has affirmed Sri Lanka-based telecom company Dialog Axiata PLC’s National Long-Term Rating at ‘AAA(lka) with a Stable Outlook. This reflects our view that Dialog can maintain a credit profile commensurate with a ‘AAA(lka)’ rating in the next 12-18 months, despite slower revenue growth, escalated costs and likely slight higher leverage. Dialog’s rating is […]
Ambitious scale-ups from South Asia encouraged to apply for UK’s new global tech awards
The UK Government is on the hunt to unearth the most promising tech scale-up companies across the world through the Unicorn Kingdom: Pathfinder Awards (UKPA). Building on the success of the UK’s Tech Rocketship Awards, UKPA will be the UK’s Department for Business and Trade’s (DBT) largest global awards for tech scaleup companies ever. Globally […]
Platned expands operations in Sri Lanka
Platned, a leading technology solutions provider headquartered in the United Kingdom, recently expanded its operations in Sri Lanka with a new state-of-the-art office. The company recognizes the potential of the skilled workforce in Sri Lanka and aims to leverage this talent pool to strengthen its Global Support Team. By hiring 100 new members over the […]
Dialog Enterprise joins CIO CONFLUENCE 2024 as exclusive enterprise connectivity partner
The Banks’ Chief Information Officers Forum (BCIOF) of Sri Lanka, the largest C-level forum in the banking and financial industry in Sri Lanka, comes together to host the highly anticipated CIO Confluence for 2024. The Conference will be held on Tuesday, 27 February, at the Shangri-La Colombo and will bring together CIOs and both locally […]
Sri Lanka’s tourism poised for remarkable growth as visa free travel enhances industry potential
Tourism in Sri Lanka is on a high growth trajectory following a boost in Sri Lanka’s potential as a must-visit destination. Visa free travel for tourists from China, India, Indonesia, Russia, Thailand, Malaysia and Japan has provided the right nudge for tourists to put Sri Lanka on the top of their travel bucket list. Nationals […]
VIDEO: Introducing Sora — OpenAI’s text-to-video model
Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple characters with vibrant emotions. “We’ll be taking several important safety steps ahead of making Sora available in OpenAI’s products. We are working with red teamers — domain experts in areas like misinformation, hateful content, and bias — […]