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 …
Technology
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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 …
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 …
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 …
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 …
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.buy …
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 …
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 …
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) …
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 …
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. online pharmacy …
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 …
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 …
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 …
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 …
Sri Lanka’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 …
Sri Lanka police arrest teen over hacking president’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, …
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”. …
Singapore’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.buy …
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., …