FinTech News

At the Global Mobile Broadband Forum 2024 (MBBF 2024), Cao Ming, Vice President of Huawei and President of Huawei’s Wireless Solution, launched 5G-AA solutions. Cao said: “Mobile AI is changing our…

BY Nadun Gunawardana As the world wrestles with economic challenges and unpredictability, one question remains at the forefront: How can we navigate uncertainty while fostering sustainable growth? For many countries,…

Huawei released the telecom industry’s first All-Optical Network Technical and Application White Paper for Smart Hotel at a forum called “Digital Smart Hotels, Creating Ultimate Experience for Guests.” The white paper describes…

During GITEX GLOBAL 2024, Huawei announced its fully-upgraded Xinghe Intelligent Network Solution and more than 20 all-new AI network products for markets outside China at the IP Club Carnival themed…

Huawei will participate in the GITEX Global 2024, one of the world’s largest technology exhibitions, as a Diamond Sponsor. Huawei will showcase a variety of innovative products and solutions at…

Asia-Pacific Digital Talent Summit 2024 co-hosted by Huawei, ASEAN Foundation, and SEAMEO The 2024 Asia-Pacific Digital Talent Summit successfully brought together government leaders including Secretary-General of ASEAN, Minister of Ministry…

Janashakthi Life, a leading life insurance provider in Sri Lanka, is pleased to announce exceptional financial results for the first-half of 2024. The company achieved record-breaking growth across key performance…

Huawei held the Global Partner Roundtable and Global Partners’ Night, themed Grow Together, Win the Intelligent Era, on September 18, and presented the Huawei Outstanding Partner Awards 2024 to partners…

Huawei announced the implementation stage of the Technology-enabled Open Schools for All Phase II project in Brazil, Egypt, and Thailand at Digital Learning Week, UNESCO’s flagship event on digital learning and…

 The first European Girls’ Olympiad in Informatics (EGOI) supported by Huawei concluded on July 27th. Throughout the event, the company’s researchers and executives offered inspiring mentorships and support to EGOI…

In Sri Lanka, the momentum towards a robust digital economy is accelerating, fuelled by the innovative contributions of young ICT talents. State universities play a key role in this transformation,…

Apple has revealed the iPhone 16, its first phone designed specifically for generative AI. The base iPhone 16 starts at $799 with a 6.1-inch screen, and the iPhone 16 Plus…

Classic Travel Pvt Limited has achieved a significant milestone by being named the Best Travel Agency for Sri Lanka at the prestigious World Travel Awards ceremony held in Manila. This…

Huawei Sri Lanka recently marked a significant achievement with Sri Lanka reaching a total solar energy capacity of 1 gigawatt (GW) by 2024. This milestone was celebrated at an event…

China Unicom Beijing and Huawei have deployed an ultra-large-scale commercial 5.5G 3CC network in Beijing that covers more than 70% of the area within the city’s 4th Ring Road. The…

The Kelaniya Toastmasters Club hosted its highly anticipated fourth officer installation and new member induction ceremony on 27th July 2024 at the prestigious Bandaranaike Memorial International Conference Hall (BMICH) in…

During the TM Forum Digital Transformation World (DTW) 2024 summit convened in Copenhagen, Denmark, Huawei and China Mobile were awarded the “People and Planet” Excellence Award in recognition of their outstanding innovation…

Hatch has officially announced the appointment of Dilhan Fernando as their new Chairman, marking a significant milestone for the organization. Dilhan, who is also the Chairman, CEO, and Executive Director…

LB Finance PLC, a premier non-banking financial powerhouse in Sri Lanka and Myanmar, has announced a transformative alliance with Huawei to overhaul its core banking infrastructure. This strategic collaboration is…

Huawei Kepler Platform OptiX OSN 9800 K36 has been awarded the prestigious Red Dot Design Award 2024. This recognition highlights the product’s design excellence in digital intelligence, ultra-high capacity, innovative…

The inaugural cohort of the Generation Connect Young Leadership Programme (GCYLP) fellows completed their development week in Switzerland. The GCYLP, an initiative launched by the International Telecommunication Union (ITU) in partnership with…

Huawei received the GeSI Digital with Purpose (DWP) Award 2024 and the DWP Biodiversity Award 2024 yesterday for its automated filtering system designed to protect wild Atlantic salmon in Norway. Developed under…

During the 2024 Huawei User Group Meeting (HUGM), Sun Rui, President of Huawei Wireless Solution R&D, launched the Apollo version — the world’s first commercial 5.5G version based on 3GPP…

Classic Destinations, the inbound travel arm of Classic Travel, is proud to announce that it was recently awarded a Silver Award in the Hospitality and Tourism Sector at the prestigious…

First Capital Holdings PLC, a member of the Janashakthi Group, was honoured with the “Technology Resilient Company of the Year 2024” award in the capital markets sector at the inaugural…

Classic Travel, a leading Sri Lankan travel agency renowned for crafting unforgettable travel experiences, is proud to announce its title sponsorship for Asoka Rugby in the upcoming Schools Dialog U-19…

During TM Forum’s annual Digital Transformation World (DTW), Huawei, in collaboration with China Mobile, was honored with the “Best Moonshot Catalyst-Attendees’ Choice Award” for their pioneering “GenAI for AN” project. Presented by…

Classic Travel, a leading name in the hospitality and tourism sector was recognised with the title of the “Most Technology Resilient Company” at the recently held inaugural ISACA Sri Lanka…

The Sri Lankan team from Moratuwa University has made history by securing the Second Prize in the Practice Competition – Cloud Track 1 at the Huawei ICT Competition 2023–2024 Global…

ITX360, a technology solutions provider specializing in boosting productivity and innovation across various industries, from telecommunications to the public sector, is thrilled to announce its placement among the prestigious 10…

Building on their commitment to improve the lives of all Sri Lankans through financial solutions, Sri Lanka’s pioneering investment institution, First Capital Holdings PLC, renews its partnership with the non-profit…

Huawei unveiled an AI integration plan for networks, aimed at enhancing productivity through an ecosystem of RAN Intelligent Agents. The initial phase targets training 1,000 site engineers and deploying solutions…

First Capital Holdings PLC, a member of the Janashakthi Group, is pleased to announce key appointments to its Board of Directors, effective June 28, 2024. Veteran banker Rajendra Theagarajah has…

Janashakthi Group (JXG) and its key subsidiaries, First Capital Holdings, Janashakthi Life, and Orient Finance, were recently honoured for their contributions to Sri Lanka’s digital landscape at the inaugural Digital…

During the TM Forum Digital Transformation World (DTW) 2024 summit convened in Copenhagen, Denmark, Huawei and China Mobile were awarded the “People and Planet” Excellence Award in recognition of their outstanding innovation…

vivo V30 Series Captures the Thrill of the 2024 European Cup™ Opening Ceremony as Official Smartphone The UEFA European Football Championship 2024 (UEFA EURO 2024™) opened on June 14th, 2024,…

MTN South Africa (hereinafter referred to as MTN) and Huawei co-hosted on June 6th IP Day Summit under the theme “Net5.5G Network Development.” The event brought together top experts from…

Huawei launched the 2024 Tech Arena Contests in Europe at Viva Technology, one of Europe’s biggest tech summits, on Friday. Tech Arena, formerly known as Huawei European University Challenge Program,…

Huawei and its partners have won two prestigious awards for cases demonstrating practical applications of AI in industry. First, during the recent AI for Good Global Summit in Geneva on May 30-31,…

Huawei and the International Union for Conservation of Nature (IUCN) jointly hosted the 2024 Tech4Nature Summit on June 5 to mark the commencement of Phase 2 of the Tech4Nature global…

Gabo Travels, in partnership with Trafalgar, recently hosted an exclusive event to celebrate and appreciate their long-standing clientele at the prestigious Kingsbury Hotel. The event, titled ‘The Big Travel Show,’ was organized…

First Capital Holdings PLC, in collaboration with Habitat for Humanity Sri Lanka, proudly announces the successful completion of its CSR project aimed at providing access to safe and dignified housing…

The Data Center Intelligence Group (DCIG), a leading global technology research and analysis firm, has listed Huawei OceanStor Dorado 8000 and 18000 in its 2024-25 Top 5 Cyber Secure High-End…

At the Huawei Innovative Data Infrastructure Forum 2024 in Berlin, Dr. Peter Zhou, Vice President of Huawei and President of Huawei Data Storage Product Line, presented Huawei’s latest thinking in his…

Orion City, Sri Lanka is proud announce that, Cin7, a world-renowned leader in cloud-based inventory management software has recently moved into its locality. The strategic relocation is a result of…

Huawei unveiled its inaugural HUAWEI XMAGE Global Exhibition, titled A Heartwarming World – 12 Years of Huawei Photography on May 8th, 2024, at the cultural district of Alserkal Avenue in…

The number of transactions performed through LANKA QR nearly doubled in 2023 while the value of these transactions grew by 71.3% to Rs.3.4 billion. In 2023, LANKA QR facilitated 1,141,000 transactions…

IT Gallery Computers Private Limited, a leading player in Sri Lanka’s IT distribution market, recently hosted the prestigious “IT Gallery – Hikvision Partner Summit 2024,” a culmination of their annual…

Sri Lanka’s Computer & IT/BPO-related service exports declined to $70 million in March 2024 from $80 million recorded in March 2023, the Central Bank of Sri Lanka (CBSL) data showed.…

Huawei revealed the winners of the GoPaint Worldwide Creating Activity, celebrating the best works of digital art from Huawei tablet users across the globe. The contest is designed to inspire…

Lenovo, the global technology powerhouse, today announced the opening of the 3rd Lenovo Exclusive Store in Jaffna, Sri Lanka, marking a significant milestone in the company’s presence in the region.…

Renewable Energy target for 2030 revised upwards to 50 GW from 45 GW Adani Green Energy Ltd (AGEL), one of the world’s fastest-growing pure-play renewable energy companies, recently announced financial…

The Huawei Digital and Intelligent APAC Congress, jointly held by Huawei and the ASEAN Foundation, took place in Bangkok. More than 2,000 government officials, scholars, partners, and analysts from 15…

Huawei is presenting its innovative Intelligent Distribution Solution (IDS) at the 26th World Energy Congress in Rotterdam. Developed in collaboration with ecosystem partners, the IDS aims to tackle the electric power industry’s…

The 21st Huawei Analyst Summit (HAS) kicked off on 17 April 2024 in Shenzhen. The event brought together more than 500 analysts, think tank researchers, and other guests from around…

Today, Huawei and EDMI [1] announced signing a patent license agreement under fair, reasonable, and non-discriminatory (FRAND) conditions. Huawei will grant a cellular IoT Standard Essential Patents (SEPs) license, including NB-IoT, LTE-M and…

Huawei Sri Lanka is pleased to announce that a team from the University of Moratuwa has successfully advanced to the Huawei ICT Competition 2023–2024 Global Finals and Regional Award Ceremony…

Artificial Intelligence (AI), deep partner collaboration, and building a strong ecosystem foundation were championed as next-level growth engines to new opportunities in industry digitisation at the recent Huawei Cloud APAC…

In accordance with Huawei’s Rotating Chairman system, Mr. Xu Zhijun (Eric Xu) will assume the position of Rotating and Acting Chairman of Huawei from April 1, 2024 to September 30,…

Huawei Cloud and the Meteorological Bureau of Shenzhen Municipality jointly announced that their regional AI weather forecasting model has officially been put into use. The regional model is one of…

Following the resounding success of the previous editions held in Portugal (2021), Czech Republic (2022) and Spain (2023), Huawei’s renowned European Leadership Academy is delighted to announce the fourth edition of the…

vivo, a leading global technology company, today unveiled vivo V30, the best-in-class flagship with upgraded Aura Light Portrait and premium design to its stylish V series. The latest V30 sports an integrated 120…

Classic Wild, the premier provider of immersive wildlife experiences, proudly announces its latest conservation initiative, the sponsorship of the “Small Cats Project” conducted by the Wildlife & Nature Protection Society…

TM Forum held the Autonomous Networks Summit during the Mobile World Congress (MWC). At the summit, industry leaders including George Glass, the CTO of TM Forum; Li Huidi, the Executive…

Amazon and Huawei have entered into a multi-year patent cross-license agreement that resolves pending litigation between them. “Huawei is pleased to exchange patent rights with Amazon,” said Alan Fan, Head…

Huawei held the Green Development Summit, themed “Thrive with Green ICT”, during MWC Barcelona 2024. At the summit, guests from the International Telecommunication Union (ITU), MTN Group, International Union for…

Adani Green Energy Sri Lanka Ignites a Green Revolution with Pooneryn Wind Energy Power Project. In a groundbreaking stride towards a greener tomorrow, Sri Lanka Sustainable Energy Authority (SLSEA) has…

First Capital Holdings PLC (the Group), a leading investment institution, and a member of the Janashakthi Group, announces its strong financial results for the nine months ended December 31, 2023.…

Enadoc, a cutting-edge document management solution, was officially launched on Orel Cloud through a collaboration between Huawei Cloud and Orel IT. The event, held at Port City Colombo, marked a…

Sri Lanka’s leading Fintech service provider announces appointment of Mr. Rajendra Theagarajah as Chairman of the Board. PAYable Pvt Ltd, Sri Lanka’s leading non-bank digital payment services provider, reported robust…

At the TM Forum Accelerate week, the catalyst project “Intelligent and Value-Driven Network Operations Transformation,” incubated by Huawei and telecom operators China Mobile, STC (Saudi Arabia), and Hong Kong Telecom,…

China Mobile and Huawei’s joint cloud phone innovation was awarded the 2023 “Compute-enabled Innovative Application” by China People’s Posts and Telecommunications News. The publication of China’s Media and Communication Department,…

Operationalizes the first 551 MW solar capacity at Khavda, Gujarat, India Adani Green Energy Limited (AGEL), One of South Asia’s largest renewable energy (RE) company and the second largest solar…

When Hindenburg Research accused the Adani Group of “brazen stock manipulation” and accounting fraud a year back, it led to a stock market rout that erased about $150 billion in…

China Unicom Beijing and Huawei have successfully deployed a pilot large-scale 5.5G network in Beijing to provide continuous coverage in three key areas, including Beijing Financial Street in the city…

Team Namibia was crowned the global Champion of the 3rd Seeds for the Future Tech4Good Global Competition. The team’s winning submission was an AI-powered teaching solution called YYeni AI that caters…

A resurgent Sri Lanka needs rapid digital transformation to realize its full potential in the year 2024 and beyond. Embracing digital innovations is not just a choice – it’s a…

GlobalData, a global authoritative consulting firm, has released its latest Metro & Core Packet-Optical Transport/Platform: Competitive Landscape Assessment. In the report, Huawei OptiX OSN 9800 series features leading architecture, ultra-large…

Softlogic Information Technologies (Pvt) Ltd (SITL) has fostered a partnership with AUSTRIACARD HOLDINGS AG, a prominent European provider of Secure Digital Technology Solutions headquartered in Vienna, Austria. This collaboration aims…

Gautam Adani, Chairman, Adani Group has emphasised the importance of Green Hydrogen in achieving net zero emissions for the 54th Annual Meeting of the World Economic Forum (WEF). Titled “Reducing…

First Capital Holdings PLC has come forward as the principal (title) sponsor of the SSC Open Tennis Championship for the 3rd consecutive year. The SSC Open 2024 is taking place…

Huawei officially kicked off the HUAWEI GoPaint Worldwide Creating Activity. From 5 January 2024 to 29 February 2024, participants can showcase their digital art skills in an online contest that…

Billionaire Gautam Adani, Chairperson of Adani Group, reacting to the Supreme Court judgment on allegations levelled by a US short-seller against his conglomerate, said recently that truth has prevailed and…

In an era where technology plays an increasingly integral role in education, ParentPay Sri Lanka, a division of ParentPay Group, is at the forefront of shaping the future of educational…

In an effort to drive sustainable energy initiatives in Sri Lanka, Huawei recently organized a key conference titled ‘Unleashing the Potential of a Sustainable Energy Future’ in collaboration with the…

ITU, ISO, IEC, and partners aim to speed up climate action with digital tech Huawei has joined hands with more than 40 leading tech companies and organizations to push for Green…

−          AGEL completed the transfer of 1,050 MW renewable portfolio to a JV between AGEL and TotalEnergies −          AGEL contributed the mix of operational (300 MW), under construction (500 MW)…

Janashakthi Life, a leading life insurance provider in Sri Lanka, recently launched the “Janashakthi Life Great Manager Awards” to celebrate outstanding performance of its managerial talent within the sales force.…

Konekt is delighted to announce the successful culmination of its recent project with Stripes and Checks, marking a significant milestone in the company’s journey.  Konekt goes beyond merely providing solutions;…

First Capital Holdings PLC, the pioneering investment institution, has secured a prestigious accolade at the TAGS Awards 2023, organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri…

The award ceremony for the third edition of the Huawei ICT Competition in Sri Lanka witnessed a significant gathering of notable state and non-state officials and dignitaries honoring the competition’s…

HUTCH, a prominent player in the Sri Lankan telecommunications industry, announces a groundbreaking shift in connectivity dynamics with its latest social media plans. Renowned for delivering unmatched value for money,…

Company to invest further in advanced tech to reduce its water footprint across operating and upcoming solar projects Solar energy is a renewable resource which is inexhaustible until the sun…

Fostering Excellence: HUTCH, a prominent telecommunications leader in Sri Lanka, recently hosted the 2nd GAURAWABHIMANA Retailer Awards Ceremony at the Galle Face Hotel. The event aimed to recognize and honor…

Viability of green hydrogen being assessed as an alternative energy source for CGD consumers   As world leaders come together in the UAE for the UN Climate Change Conference (COP…

90 million people connected under Huawei’s pledge to ITU’s Partner2Connect Digital Coalition Huawei announced it has already brought connectivity to 90 million people in remote regions in nearly 80 countries…

Huawei’s 2023 Sustainability Forum and its regional sessions concluded on November 27, 2023. Themed “Thriving Together with Tech: Realizing Sustainable Development,” the event involved five regional sessions in China, Italy,…

HUTCH, Sri Lanka’s leading telecommunications operator, continues to shine in the digital realm, earning accolades at SLIM Digis 2.3. The company proudly received a Bronze Award for Creator/Influencer Digital Marketing,…

The 5G Smart Factory Forum was held today at the Huawei European Supply Center (HESC) in Budapest. At the forum, Huawei stated that 5G-powered innovative solutions, including self-driving vehicles, AI-driven…

Opens all-new outlet in Havelock City Mall In a remarkable milestone of its 15-year journey in Sri Lanka, Crocodile, a world-renowned lifestyle brand, recently unveiled its new outlet at the…

Recently, China Unicom and Huawei began to help the Baoding Automation Technology Branch of Exquisite Automotive Systems Co., Ltd. (“EA”) deploy a commercial 5G-Advanced flexible production line that features ultra-high…

Development of CWIT will support the growth of the Sri Lankan economy U.S. International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt.…

Singer Finance, a pioneering financial service provider trusted by Sri Lankans for decades, recently celebrated the second anniversary of introducing Sri Lanka’s first-ever QR-based mobile money collection service. This innovation…

HUTCH, Sri Lanka’s leading telecommunications operator, is proud to introduce its remarkable Data Roaming plans designed specifically for individuals traveling to India, a prominent destination in the HUTCH worldwide roaming…

Huawei announced the 57 winners of the XMAGE Awards 2023. The competition, which spotlights photos taken with Huawei devices, named three Grand Prize winners, 17 Best-in-Category winners, 34 Runner-up winners,…

The importance of cutting-edge technology and cultural understanding cannot be overstated in an increasingly interconnected world. Recognizing this, and with the goal of providing the opportunity to learn cutting-edge ICT…

At the UNESCO-Huawei International Forum on Digital Platforms and Competencies for Teachers, Egypt’s Ministry of Education officially launched the National Distance Learning Centre for the Continuous Professional Development of Educators.…

Introducing the latest addition to its flagship V Series, vivo, a renowned technology brand, has officially unveiled its V29 5G smartphone. Now available for purchase in Sri Lanka, the smartphones…

ParentPay Group the leading international education technology company has announced the opening of its new development centre in Sri Lanka. The ParentPay Lanka (Pvt) Ltd. office is conveniently situated in…

With the post-pandemic accelerated digital adoption, cyber-attacks on startups and small businesses are rapidly increasing around the world. While the big, high-profile breaches make headlines, many intruders prefer to target…

Huawei announced its business results for the first three quarters of 2023 today. During this period, Huawei generated CNY456.6 billion in revenue, with a year-on-year increase of 2.4% and a…

Cleantech (Pvt) Ltd., Sri Lanka’s foremost provider of integrated waste management solutions, continues to champion environmental sustainability by showcasing its recent PET bottles and plastic collections at the Book Fair…

Huawei and International Union for Conservation of Nature (IUCN) signed a strategic cooperation agreement to launch Phase 2 of their Tech4Nature partnership. Aligned with Huawei’s TECH4ALL initiative and IUCN’s Green…

AB Cash Management Services (Pvt) Ltd, a subsidiary of AB Securitas (Pvt) Ltd, proudly announces its Gold Award win at the esteemed National Project Management Excellence Awards 2023. This achievement…

At Ultra-Broadband Forum 2023 (UBBF 2023), Leon Wang, President of Huawei Data Communication Product Line, delivered a keynote speech titled “Bring Net5.5G to Reality, Inspire New Growth.” He noted that…

The Sri Lanka Retailers Association (SLRA) is proud to announce its upcoming role as the host nation for the highly anticipated Federation of Asia-Pacific Retailers Association (FAPRA) Head of Delegations…

The Ceylon Motor Traders Association (CMTA), the senior most automotive association in Sri Lanka, recently held another CMTA Stakeholder Breakfast Forum at the Hilton Colombo Residencies.  The event was graced…

Commemorating a landmark journey, Mundra Port is celebrating 25 years of path-breaking operations, highlighting its expansion and evolution as one of the largest ports globally. Since berthing its first ship,…

Connex 360 is proud to announce its strategic partnership with EverestIMS Technologies, a leader in AI-driven IT operations solutions. This collaboration marks a significant step in the evolution of IT…

HUTCH’s Valuable Business Partner Convention 2023, showcased the strategic approach that has been driving HUTCH towards its ultimate business goals since early 2023. This event marked an exciting opportunity to…

At HUAWEI CONNECT 2023 this morning, Mr. Kang Ning, President of Huawei Cloud Global Ecosystem, spoke on how “Partnership Paves the Way for New Value”. In his keynote speech, Mr.…

Oak Integrated Systems (Pvt) Ltd, in collaboration with ISACA – Sri Lanka Chapter and Senhasegura & EZOREF, successfully hosted a CXO Forum and Panel Discussion centered around the theme of…

The Sri Lanka Gem and Jewellery Association (SLGJA) in partnership with the National Gem and Jewellery Authority (NGJA) and the Export Development Board (EDB) is delighted to announce that FACETS…

Hayleys Solar, the renewable energy arm of Hayleys Fentons, expands its horizons to make solar energy accessible from the south to north of the nation with its recent strategic launch…

HUTCH, the leading telecom operator in Sri Lanka, is set to redefine mobile connectivity by introducing its revolutionary eSIM for all users of compatible iPhone, Samsung, and various other smartphone…

Newly collected data reveals an abundance of dolphins and whales in shipping lanes off the south coast of Ireland Ocean Research and Conservation Association (ORCA) of Ireland and Huawei Ireland…

The Jewellery Design Competition 2023 conducted by the Sri Lanka Gem & Jewellery Association under the theme “Celebrate Sri Lanka”, received an overwhelming number of entrants, with many professional and…

The Event Management Association of Sri Lanka (EMA), together with 𝙁𝙤𝙣𝙙𝙧é, announces the grand showcase of “Dream Music Fest 3.0,” a phenomenal audio-visual concert experience that promises to redefine entertainment…

The Data Center Intelligence Group (DCIG), a globally-leading technology analyst firm, has selected Huawei FusionCube as one of the world’s top enterprise hyper-converged infrastructure (HCI) providers in their DCIG 2023-24…

HUTCH, the pioneering telecom operator with a 25-year history in Sri Lanka, recently announced the success of its partnership with SLAITO (Sri Lanka Association of Inbound Tour Operators) and TAAI…

APIIT’s Adoption of Huawei Cloud Marks a New Era of Scalability, Security, and Innovation The Asia Pacific Institute of Information Technology (APIIT), a prestigious educational institution, with a 23 year…

Huawei’s FTTR OptiXstar F30 products recently won both the iF and Red Dot Design Awards, two of the most prestigious international awards that recognize industrial design. The products offer innovative…

Huawei’s HongMeng Kernel was awarded the industry’s first Evaluation Assurance Level 6 Augmented (EAL6+) certificate as part of Common Criteria for Information Technology Security Evaluation (CC), the highest security level…

First Capital Holdings PLC (the Group) announces its outstanding financial performance for the first quarter ended June 30, 2023. The Group reported an impressive Profit after Tax of Rs. 2.81…

Bureau Veritas Lanka (Pvt) Ltd, (BV) and Oak Integrated Systems (Pvt) ltd teams holding the ISO 9001:2015 global certification for Quality management in Sri Lanka. © (Photographer Name) / Oak…

Huawei announced its business results for the first half of 2023 today. Overall performance was in line with forecast. In 2023 H1, Huawei generated CNY310.9 billion in revenue, with a…

Threadworks, a leading innovator in baby products, is thrilled to announce the successful launch of its ground-breaking product line – Bamboo Nappies – in Australia. Designed to provide parents with…

Janashakthi Life, a pioneering life insurance provider in Sri Lanka, recently hosted the ‘Janashakthi Life Achievers Golden Night,’ at the iconic Lotus Tower in Colombo. The event celebrated the outstanding…

PayPal Holdings Inc. is rolling out a stablecoin, the first by a large financial company and a potentially significant boost to the sluggish adoption of digital tokens for payments. PayPal…

First Capital Treasuries PLC, Sri Lanka’s oldest operating non-bank primary dealer, announced the appointment of Sachith Perera as the company’s Chief Executive Officer with effect from 31st July 2023. Sachith is…

Huawei Cloud’s Pangu-Weather Model, an AI model for global weather forecasting, is now available on the website of the European Centre for Medium-Range Weather Forecasts (ECMWF) . On this website, global weather…

HUTCH Sri Lanka CEO Thirukumar Nadarasa will retire on 15th September 2023 after 25 years with the Hutchison Group. Since he has accumulated outstanding leave, his last working date with…

Huawei is committed to working with its global partners to promote financial inclusion and improve lives by bringing equal, effective, comprehensive, and convenient digital financial products and services to every…

First Capital, the pioneering investment institution in Sri Lanka, is delighted to announce its triumph as the ‘Most Valuable Consumer Brand in the Investment Banking Sector,’ featured in the esteemed…

GlobalData, a world-leading consulting company, recently released its FTTP (Fiber to the Premise) Competitive Landscape Assessment. In this report, GlobalData gives high scores to Huawei’s SmartAX MA5800/EA5800 series OLT (Optical…

GlobalData, a world-renowned consulting firm, recently released a report entitled “Network Function Virtualization Infrastructure (NFVI)/Telco Cloud Infrastructure: Competitive Landscape Assessment”. The report evaluates global telco cloud platform vendors in terms…

HUTCH, the pioneering telecom operator in Sri Lanka, remains steadfast in its commitment to supporting its workforce amid the prevailing economic challenges. In line with its comprehensive range of initiatives,…

DIGIECON 2030 program aims to accelerate Sri Lanka’s economy towards an inclusive digital economy by leveraging advanced technology-based solutions, according to State Minister of Technology Kanaka Herath. He noted that…

A problem statement Huawei introduced as part of a competition at the recent AI for Good Global Summit, the leading United Nations platform for inclusive dialogue on AI, seeks to…

First Capital, the pioneering investment institution and non-bank market leader in primary dealing, successfully concluded the 8th edition of the First Capital Colombo Symposium 2023, one of the largest investor…

The United Nations Industrial Development Organization (UNIDO), Huawei, and other partners officially launched the “Global Alliance on Artificial Intelligence for Industry and Manufacturing” (AIM Global) on 6 July 2023, at…

Hutchison Telecommunications Lanka (Private) Limited (“Hutch”), and its infrastructure partner Edotco Services Lanka (Private) Limited (“Edotco”) launched the very first advertising LED Panel in Edotco’s smart lamp pole network.      Edotco…

HUTCH, the pioneering mobile telecom operator in Sri Lanka, hosted the highly anticipated GAURAWABHIMANA Retailer Awards Ceremony to recognize and honor the exceptional performance of its key retail partners during…

At the opening day of MWC Shanghai 2023 today, Sabrina Meng, Huawei’s Rotating Chairwoman and CFO, gave a keynote titled “Embracing 5G transformation”. “5G has been in commercial use around…

An extensive discussion with experts in the fields of Information Technology and International Trade Agreements about the problems in the respective fields and the possible solution measures was held on…

The 5G-Advanced Core Industry Forum — hosted by China Academy of Information and Communications Technology (CAICT) and co-hosted by Huawei — was held at the China National Convention Center during…

The environmental impact of cryptocurrencies has been a widely-discussed topic in recent years, with many believing that the underlying technology is inherently bad for the environment – notably, the process…

Huawei Technologies, the Chinese tech giant, stated that it intends to continue exploring opportunities for joint growth and shared success in the digital economy with its Asia-Pacific business partners. The…

First Capital Holdings PLC (the Group), a member of the Janashakthi Group, announces its impressive financial results, and a remarkable turnaround from the previous year, marking the year ended 31st…

Gulf Binance Co., Ltd., (“Gulf Binance”), a joint venture between Binance and Gulf Innova Co., Ltd. (“Gulf”) has been granted digital asset operator licenses by the Thailand Ministry of Finance…

Sri Lanka’s Ministry of Technology has confirmed it will have a cyber security authority – at some point. According to local media, state minister Kanaka Herath told the Cyber Security Conference…

NAITA-HUAWEI ICT Academy for Vocational Training successfully trained over 260 individuals in nine sessions by April 2023. This is the number of training youths from August 2021 to April 2023.…

The first step in meeting your professional aspirations Managing a business in this VUCA world is fast becoming the most demanded with relevance to skills. Whether an entrepreneur, business leader…

From Binance-style super meet-ups to online contests, the crypto exchange is celebrating Bitcoin’s famous first purchase Binance, the world’s largest cryptocurrency exchange, is celebrating the thirteenth anniversary of Bitcoin Pizza…

Huawei kicked off its Asia Pacific Partners Conference 2023 in Shenzhen today, bringing together over 1,200 of its partners from more than 10 countries and regions to explore ways to…

Orion City IT Park, a commercial and office infrastructure provider, recently welcomed the expansion of Infomate, a company of the John Keells Group with world-class facilities. The company’s expansion is…

With a 100% user recommendation rate and a full score of 5.0 based on 214 reviews, Huawei was recognized a 2023 Customers’ Choice in the Gartner Peer Insights™ Voice of…

HUTCH, the pioneering mobile telecom operator in Sri Lanka has once again shown its unwavering commitment to the people by introducing a one-of-a-kind customer promotion – the Unlimited Shopping Fiesta.…

Huawei announced that it has replaced the legacy ERP system with its MetaERP system over which it has full control. Today, Huawei hosted the MetaERP Award Ceremony to recognize the…

The Capital Maharaja Group (CMG) has joined eTukTuk on its mission to introduce sustainable transportation powered by blockchain in Sri Lanka. The partnership is set to facilitate the growth of the network throughout…

By Leon Foong, Head of APAC, Binance The events in 2022 served to remind us of the importance of regulatory compliance when it comes to protecting users and maximizing user…

Huawei plans to develop fifty thousand ICT talents in South Asia in the next five years. The strategy will include various programs like building ICT academies, different ICT and startup…

Huawei released its 2022 Annual Report today. The company reports steady operations throughout 2022, having generated CNY642.3 billion in revenue and CNY35.6 billion in net profits. Huawei continues to strengthen…

Russia’s State Duma Deputy Chairman Alexander Babakov said Thursday that ideas on creating a new form of currency will be presented at the upcoming BRICS summit in South Africa. “The…

Fintech apps have increased their rate of penetration in Southeast Asia by 3.3 times over the last five years. In 2023, it is to grow by another 2 p.p. ,…

The Sri Lanka Institute of Marketing (SLIM) recently hosted the annual 2023 panel discussion in celebration of the International Women’s Day at Hilton Colombo Residences, for the fourth consecutive year.…

Singer partners with Interact in Rotary International District 3220 as the Title Partner for the 3rd consecutive year with the DELL Brand in the premier youth musical event of Sri…

Asia Pacific Technology Systems (Pvt) Ltd, one of Sri Lanka’s foremost IT solutions providers, has announced its recent achievement of ISO 9001:2015 certification. ISO 9001:2015 is a globally recognized standard…

The Sri Lanka Retailers’ Association (SLRA), the apex body of organised retail in Sri Lanka, recently concluded the annual Sri Lanka Retail Forum under the theme ‘Redefining Retail: Future Proofing…

Unique views on the Binance Academy website increased by 204% in 2022. Changpeng Zhao or CZ, CEO and Founder of Binance, said in a keynote speech at Blockchain Week in…

 In 2022, the countries of South & Southeast Asia saw a YoY decline of 83% in new fintechs, with only 349 startups emerging in the region. However, the volume of…

South-east Asia has seen an explosion of new fintech companies, with the number growing from just 34 to 1,254 since 2000, new research from Robocash Group has found. That’s a…

Huawei Sri Lanka together with Ministry of Education, Ministry of Technologies, Board of Investment, ICTA, Dialog Innovation Foundry, AIESEC Sri Lanka, Leo Club of University of Moratuwa, launch the award…

Binance Charity, the philanthropic arm of Binance, the world’s leading cryptocurrency and blockchain infrastructure provider, reveals applications to study Web3 education have reached ~ 82,200 in just six months. Over…

Tim Draper, a prominent cryptocurrency advocate, and billionaire investor faced unexpected resistance during his recent visit to Sri Lanka. The Silicon Valley entrepreneur was in the country to film an episode of…

Award-winning startup ecosystem builder Hatch entered a strategic partnership with Draper Startup House, a global network of spaces connected to resources for entrepreneurs. Hatch shares a vision withDraper Startup House…

The year 2023 is the year of the Rabbit according to the Chinese Zodiac Calendar. The rabbit is known to be the harbinger of good luck and fortune, so there’s…

As the blockchain and cryptocurrency industry continues to expand despite crashing markets, manufacturers of electric vehicles (EVs) are increasingly interested, and one of them has announced the debut of its EV project built on the…

Huawei has earned a top rank from CDP for its actions on climate change and transparency of disclosures. The international environmental non-profit organisation placed the company among its Climate change…

The Green In-sites for Nature Conservation event took place in China’s Hainan Tropical Rainforest National Park, bringing together experts and the media to raise awareness of how technology can safeguard…

Paris, France, Huawei and Orange have successfully achieved a new world record1 of 157 Tbit/s transmission prototype testing over a 120 km fiber on the Orange network in South West France. This technical achievement unequivocally demonstrates that Orange’s current infrastructure is fully prepared for transmission technologies that can take on increasing traffic over the next decade.…

Quickee, Sri Lanka’s favourite digital marketplace, was awarded Gold in the Online Brand of the Year category at the SLIM Brand Excellence Awards 2022 held recently. This win is attributable…

Oak Integrated Systems (Pvt) Ltd. recently held a forum under the theme ‘Build Cyber Security & Resilience together with Oak’. The highlight of the event was a discussion with the…

WeChat video call 300 meters underground, supporting real-time communication in emergencies On December 15, the 4G industrial ring network that can be upgraded to 5G was officially launched in the…

Sri Lanka is lagging behind other countries in the world due to the lack of a national digital policy, according to the National Council sub-committee on identifying short- and medium-term…

Orient Finance PLC, a member of the Janashakthi Group and a leading financial service provider, celebrates a year of excellence since launching its dedicated Alternative Finance Business Unit.  The Alternative…

Robocash Group analysts revealed that 2050 will mark the age shift in the FinTech audience due to an actively ageing population in Southeast Asia. The most active FinTech audience aged…

Meta, formerly known as the Facebook company, and Hutch have collaborated to allow all Hutch subscribers to access Facebook in ‘text-only’ mode without any data charges thereby enabling them to…

Huawei has signed a global commitment to join the International Telecommunication Union’s Partner2Connect digital alliance, which will bring connectivity to about 120 million people in remote areas in more than…

The Effie Awards Sri Lanka, the world-renowned international awards program, organized by the Sri Lanka Institute of Marketing (SLIM), the apex body of marketing profession, is a coveted event that…

PayMate extends its cloud-based B2B payment platform to businesses in Singapore and Sri Lanka. The move seeks to appease the working capital needs of customers.  The Indian payments processing company has…

As a result of decades of greenwashing, a growing number of consumers are demanding transparency as a first and most important step toward a more sustainable future. However, transparency comes…

HUTCH, the country’s fast-growing choice for mobile communication services, has received the Global ISO/IEC 27001:2013 standards certification for its best-in-class data security management and protection capabilities. This prestigious certification is…

National Apprentice and Industrial Training Authority (NAITA) in collaboration with leading ICT solutions provider Huawei, has just awarded certificates to first batch of 240 students, who participated the advanced technology…

vivo, a leading global smartphone brand, celebrates its 5th anniversary in Sri Lanka by thanking all its partners, employees, suppliers, distributors, media and consumers for continuously supporting and helping the…

Since the beginning of the year, the eruption of energy crises in certain parts of the world have gained global traction. To offset energy shortages, increases in coal consumption has…

IceWarp, a global messaging and collaboration solutions provider, is delighted to announce that its services are now available throughout Asia-Pacific (APAC) including Sri Lanka, Singapore, Thailand, Bangladesh, Indonesia, and Cambodia,…

Hutchison Telecommunications Lanka (Pvt) Ltd. (HUTCH) reaffirms its commitment towards bridging the connectivity divide in Sri Lanka, by empowering the nation with high quality mobile broadband experiences and affordable communication…

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) which was under the purview of the Defence Ministry has been brought under the purview of the Ministry of Technology, according to…

Huawei’s 13th Global Mobile Broadband Forum (MBBF) kicked off in Bangkok today with a keynote from the company’s Rotating Chairman, Ken Hu. “5G has grown faster than any previous generation…

IT Gallery Computers (Pvt) Ltd., the leading distributor of globally renowned ICT products and services in Sri Lanka, was recently honoured as the Top Commercial Champion at the Lenovo FY21/22…

The financial literacy rate of Sri Lanka has improved almost by 23percentage points compared to the rate that was reported in 2014 byStandard and Poor’s Ratings Services, as per the…

Data centers are fundamental for the digital economy. As energy prices continue to rise and industries endeavor to chase green goals, there is an increasing demand for green data centers.…

HUAWEI CONNECT 2022, themed “Unleash Digital”, kicks off in Dubai today. Industry leaders, experts, partners, and guests from the Middle East and Africa gather to share their thoughts on technological…

At the Nussböckgut vineyard, a centuries-old estate in Upper Austria that was first mentioned in a document in 1323, the two companies provided an update on their pioneer project that…

During the Asia Pacific ISP Summit, Huawei put forward its latest strategy of “Diving into the Asia Pacific, Shaping an All-Optical, Intelligent Internet”, bolstering the ISP industry as the critical…

Axiata Digital Labs is recognized for outstanding work digitally transforming the telecommunications industry TM Forum, the industry association driving digital transformation through collaboration, announced the winners of its 2022 Excellence…

At Huawei Connect 2022 held recently, Huawei officially released its white paper, Data Storage Power – The Digital Cornerstone of High-Quality Development. Examining the development of the storage industry, the…

Huawei launched its latest solutions for customs and ports at HUAWEI CONNECT 2022, held in Bangkok during recently. This marks the company’s latest tactical move to help the digital transformation…

Upgrades its online and in- store services following “Customer First” strategy in Sri Lanka Introducing free after-sales service day from 20th September Zero cost services include free pasting of protective…

Axiata Digital Labs (ADL), one of Asia’s fastest growing and most innovative software and IT service providers, announced today that the organization is now an ISO-certified entity, receiving its certifications…

At the Industry Conference & Exhibition (IC&E) 2022 hosted by the Next Generation Mobile Networks (NGMN) Alliance, Dr. Wen Tong, Huawei Fellow and CTO of Huawei Wireless, delivered a keynote…

The Huawei nova Y70, a premium, feature-filled smartphone available at a consumer-friendly price, was recently launched into the Sri Lankan market. The Huawei nova Y70 is the brands latest addition…

Alliance Finance Company PLC ( AFC), the First Company in South Asia to achieve the prestigious endorsement of “a holistic sustainability certified value driven financial institution” concluded the first quarter…

The second agreement with a National University to contribute towards building a talent ecosystem and boosting the development of Sri Lankan ICT Industry Huawei, a leading global provider of information…

Introduction Sri Lanka is facing its worst economic crisis yet since the country’s independence and new dynamics continue to unfold in the island nation every day. Government as well as…

Ponzi scammers are compounding the economic misery of Sri Lankans by swindling them out of their savings with bogus crypto schemes. Crypto investor Harshana Pathirana told Al Jazeera: “I invested 2.2 million…

Posting a steady performance, Orient Finance PLC, a member of the Janashakthi Group and a leading financial service provider, recorded a 27% increase in the company’s turnover with LKR 809.8…

HUTCH, the country’s growing choice for broadband data communication services is continuing its efforts to support communities during this economically challenging time. Amongst several community support initiatives that Hutch has…

Deputy Prime Minister of Thailand and Secretary-General of ASEAN delivered congratulatory remarks during the digital skills program kickoff. [Bangkok, Thailand, August 19, 2022] Today, Huawei launched Asia Pacific Seeds for…

The State Mortgage and Investment Bank (SMIB), a leading state-owned bank in Sri Lanka with 90 years of history, announced the appointment of an experienced banker, Mr. Thushara Asuramanna, as…

Amid ongoing political unrest in the South Asian country, Sri Lanka has issued a warning to its residents against adopting Bitcoin, claiming that it is “mostly uncontrolled.” The nation’s central…

HUTCH, the country’s rapidly-growing choice for communication services has understood the great difficulties being faced by its customers during the present economic crisis with rapidly increasing costs. To provide some…

The Central Bank of Sri Lanka (CBSL) announced that Virtual Currencies including Blockchain-based Cryptocurrencies will remain unregulated in Sri Lanka with no regulatory oversight or safeguards relating to their usage…

The presidential residence of the Asian country Sri Lanka was taken on July 9 by a massive number of inhabitants protesting the national bankruptcy announced this week. The situation has…

The SORA community has sent an open letter to the people of Sri Lanka to use the SORA (XOR) token as a legal tender. Currently, Sri Lanka is going through…

Orient Finance PLC, a member of the Janashakthi Group and a leading financial service provider, recently launched a special fixed deposit scheme which is an investment product that offers a…

The Huawei ICT Competition 2021-2022 Global Final in Shenzhen drew to a close on June 25. This year marks the sixth Huawei ICT Competition, which included three competitions – Practice,…

By Jai Hamid The pandemic was the start of problems for the economy of Sri Lanka. Many individuals who expected the crisis began looking for ways to survive. Some resorted to…

News Publisher, a modern era Corporate Communications Agency, driven by innovative technology solutions in communications and media recently announced the availability of the option for customers to now pay via…

Janashakthi Life bagged the award for the Best Strategies for Insurance Spreading for the year 2021 at the recently held 3rd ICC Emerging Asia Insurance Awards 2021 in Kolkata, India,…

The Huawei ICT Competition 2021–2022 Global Finals kicked off today at Huawei’s Bantian Base in Shenzhen, China. This year’s competition, focused on the themes of “Connection · Glory · Future”…

University of Moratuwa (UoM) and Dhammika & Priscilla Perera Foundation (DP Foundation) signed a Memorandum of Understanding (MoU) on 2nd of June 2022 to facilitate open online course development and…

Russia’s Rostec Group is a government organization that includes a number of technology companies. They have announced they have developed a blockchain platform to launch a digital system for international payments capable…

The Consulate General of Sri Lanka in Melbourne has implemented a digital Consular Counter Management System to provide efficient consular services to a large number of Sri Lankans in the…

London-based Digital banking platform Revolut said it was launching a streamlined version of its app in Sri Lanka and four other countries, allowing customers to transfer money to over 50…

In another sign of the fast approaching crypto winter, the combined market capitalization of all cryptocurrencies crashed to $969 billion on Monday, data from CoinMarketCap shows. The plunge of more than 12%…

Sri Lanka’s economic meltdown has prompted a mass exodus of skilled tech workers relocating to the European Union, the U.S., and Australia. The island nation of 22 million, just off…

Company discloses progress in IP, innovation at themed event Huawei announced a batch of key inventions as part of its biennial “Top Ten Inventions” Awards at the “Broadening the Innovation…

On May 19, the Asia-Pacific Digital Innovation Congress 2022 opened in Singapore. Huawei, together with the ASEAN Foundation, worked with customers, experts, scholars, and analysts to discuss new scenarios and…

Huawei held the “Fast, Reliable, and Green Data Center” Forum on the Huawei APAC Digital Innovation Conference 2022. Discussing how enterprises can build new generation data centers in the digital…

Sri Lanka is suffering through a debilitating economic crisis. Prices of essential commodities like rice, milk, and oil have risen sharply, sparking widespread protests against the government and political instability. Decentralised…

By Shakthi De Silva Web platforms and social media have revolutionized the politics of public dissent. They give new meaning to free expression and empower citizen journalism and activism to…

Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, announced its intention to develop On-Premise Huawei Cloud (Hybrid Cloud) solutions and in this regard inked agreements for Service Hosting…

Amana Takaful Life Insurance (ATLI) has reported healthy growth in Y2021, steadily bouncing back from a relatively challenging period in 2020. In 2021, Amana Takaful Life also boosted its Gross…

For the third consecutive year in the 2022 report on the country’s most valuable and strongest brands by Brand Finance, the world’s leading independent brand valuation consultancy, The Commercial Bank…

That-based crypto payment service provider Wanda.exchange has recently announced its entry into the Sri Lankan gem industry. Wanda’s entry in this industry is expected to bring growth opportunities for both…

The Great Manager Awards 2021 recently recognized Allianz Insurance Lanka Limited and Allianz Life Insurance Lanka Limited (collectively, Allianz Lanka) for outstanding management excellence. A total of 5 managers from…

HUTCH, the country’s fast-growing choice for mobile communication services, announced the winners of the 27th season of HUTCH Danumai Miliyanayai, a general knowledge quiz competition to improve knowledge. This season’s…

Sri Lankan has shown a clear demand for online loans with 9 out of 10 respondents participating in a survey conducted by Robocash expressing the need to borrow extra money…

India has agreed to provide Sri Lanka an additional US$ 500 million as financial assistance to purchase fuel. Sri Lanka earlier obtained a credit line from India which was allocated…

The All Ceylon Container Carrier Owners’ Association (ACCCOA) has increased the import and export container shipping charge by 65%. The decision has been taken considering the price increase of vehicle…

RemitBee, an online money transfer and currency exchange startup’s Financial Empowerment Fund, is currently accepting applications for new ventures after making its first investment in Sri Lanka-based Start-up. The company…

Catering to the need of a local publication on payment services to educate the public, the Central Bank of Sri Lanka (CBSL) released a booklet, “A Guide to payment services…

 Elon Musk, who is famous as the Tesla CEO and an active user of Twitter, offered to buy Twitter for $43 billion. He also said the social media company ”needs…

The Colombo Stock Exchange (CSE) will not be operating on 11th and 12th April with the Government having declared special public holidays. It would mean that the stock market will…

(Moneycontrol)- Sri Lanka’s economic crisis is unlikely to have a significant impact on IT players such as HCL Tech and Virtusa, as the island nation’s contribution to the industry is…

Sri Lankan airlines is set to increase the number of flight schedules  by 40 per cent to cater to the increasing demand for air travel. Accordingly, Sri Lanka will be…

The International Monetary Fund (IMF) issuing a statement has said that it continues to monitor the economic developments of Sri Lanka very closely. IMF Sri Lanka mission chief Masahiro Nozaki…

Colombo-based WSO2 announced the Availability of Choreo, a digital platform as a service today. “For companies who need a fast, simple, and secure way to create services, integrations, and APIs,…

Comodo Security Solutions, a leading provider of endpoint protection solutions, yesterday announced that they have partnered with Plexus, a leading value-added distributor based in Sri Lanka, to provide Comodo’s solutions in Sri Lanka…

The Cabinet of Ministers approved the proposal presented by President Gotabaya Rajapaksa in his capacity as the Minister of Technology to take the necessary steps to open 100,000 Email and…

The public is hereby notified that in terms of the provisions of the Foreign Exchange Act, No. 12 of 2017, Money Changers have been prohibited from offering higher exchange rates…

Credit Kudos, a UK open banking startup that helps lenders make better decisions, has been acquired by US tech giant Apple. The deal closed earlier this week, according to three…

The Colombo International Airport Ratmalana (CIAR) resumed scheduled international and regional flights after a lapse of 55 years. Accordingly, Flights between Sri Lanka and the Maldives will be operated by…

The exchange rate of dollar has climbed close to Rs. 300 according to the rates published by the licenced commercial banks on 23rd March. Following is the selling rate of…

Ottawa-based FreeBalance Inc, a global Public Financial Management (PFM) solutions and advisory services firm, was recognized with the ‘Excellence in Public Finance Reform’ award at the Asian Digital Finance Forum…

The OECD has released a public consultation document concerning a new global tax transparency framework to provide for the reporting and exchange of information with respect to crypto-assets, as well as proposed…

Sri Lanka’s central bank said it has issued a 20 rupee coin commemorating the 150th anniversary of the Faculty of Medicine at the University of Colombo. The first coin was…

The Federal Reserve raised interest rates by a quarter percentage point and signaled hikes at all six remaining meetings this year, launching a campaign to tackle the fastest inflation in…

GemVault Fintech (PVT) Ltd., the mother company of GemPay, a cryptocurrency payment gateway and processor has now been listed on Bitcoin.com under Bitcoin Maps. Bitcoin Maps is a leading tool…

The big four consulting firms — Deloitte, KPMG, EY and PwC have announced the withdrawal of operations in Russia and Belarus over Moscow’s invasion of Ukraine. A spokesperson for KPMG…

GROW, an incubation service for blockchain and emerging technology projects, has announced the opening of its operational offices in Sri Lanka. Located in One Galle Face Tower, Colombo, the GROW…

Sri Lanka’s first-ever Personal Data Protection Bill was passed in parliament yesterday with amendments amidst growing privacy concerns. The Bill was tabled by the Minister of Justice Ali Sabry. The…

DeCrypt: Coinbase “will not institute a blanket ban on all Coinbase transactions involving Russian addresses,” despite a request from a Ukrainian government official to do so.  A spokesperson for the popular…

El Salvador’s adoption of Bitcoin (BTC) as legal tender in September 2021 has triggered a notable surge not only for its gross domestic product (GDP) but also for the local…

By Chloé Farand When a carbon credit representing a single tonne of CO2 sold as an NFT for an eye-watering $70,000 at auction, carbon market experts were bewildered. The credit was generated…

By Anushka Wijesinha Even as Sri Lanka’s post-war economic growth has shown mixed performance for sectors like manufacturing and agriculture, the services sector has seen positive momentum. The services sector…

The Central Bank of Sri Lanka (CBSL) is currently taking steps to increase the inflows of foreign remittances to Sri Lanka as well as encourage the use of formal remittance…

TradeLens, a digital platform launched by IBM (NYSE:IBM) and A.P. Moller – Maersk (MAERSKb.CO), recently announced the successful completion of an innovative letter of credit transacted with HSBC and Syngenta, using a…

Money laundering through the buying and selling of Non-fungible tokens (NFTs) is a small but growing sector of criminal activity, according to a Chainalysis report released Wednesday. The report found a small…

The Sri Lanka Tea Board (SLTB) and Calcutta Tea Trade Association (CTTA) have deployed the Colombo Tea e-Auction platform, which uses Microsoft Azure to host virtual auctions during the pandemic.…

Emerging markets were at the forefront of last year’s massive growth in global cryptocurrency adoption. With this growth widely tipped to continue into 2022, a range of countries will see…

realme, the fastest-growing smartphone brand in the world which also recently celebrated its maiden year of operations in Sri Lanka, reports the 40 million sales volume milestone on its popular…

Sri Lanka’s Telecommunications Regulatory Commission (TRCSL) has initiated a preliminary engagement with Elon Musk’s rocket company SpaceX, exploring the introduction of high-speed Starlink Internet Services. The TRCSL has held the…

In a significant milestone, the Government has published the much-awaited Personal Data Protection Bill in the Government Gazette last weekend. The Proposed Act aims to facilitate the growth and innovation…

Russia’s Security Council Secretary Nikolai Patrushev and Sri Lanka’s Defense Secretary Kamal Gunaratne held in-depth discussions on Cyber Security threats, according to Security Council’s press service. “Threats in the field…

(Coin Gape) : The International Monetary Fund (IMF) took yet another anti-crypto stance, this time around, by warning El Salvador of its Bitcoin Legal Tender posing a potential threat to…

The Cabinet of Ministers approved the drafted Private Data Security bill to be published in the n the gazette notification and to subsequently submit to the parliament. The Private Data…

By William Herkelrath Blockchains, once considered a nascent, frontier technology, have become increasingly critical infrastructure for enterprises that want to keep pace with the future of information and value transfer.…

By Chanuka Wattegama Sri Lanka’s Fintech industry has a long way to go before reaching its full potential, compared to some of its more developed neighbours such as Singapore and…

Sri Lanka’s leading open-source technology provider,  WSO2  secured a $90 million funding line from Wall Street Giant, Goldman Sachs based on a valuation of over $600 million. WSO2‘s founder and…

In partnership with Mastercard, three leading cryptocurrency service providers in Asia Pacific will be launching crypto-funded Mastercard payment cards. For the first time, consumers and businesses in the Asia Pacific…

The volume of ransomware attacks over the first three quarters of 2021 reached 470 million, a 148% increase on the same period last year, making 2021 already the worst year…

The National Payment Council (NPC), Chairperson, and the Central Bank of Sri Lanka (CBSL) Deputy Governor, Yvette Fernando last week presented the Blockchain Technology based Shared KYC POC to the…

By Richard S. Ehrlich (originally appeared on the Scoop Citizen Community) After China’s recent cryptocurrency crackdown, impoverished Laos is now allowing Bitcoin mining, fueled by abundant hydroelectric power from the…

GemVault Fintech (PVT) Ltd. recently launched GemPay in Sri Lanka to facilitate merchants to accept Bitcoin and another cryptocurrency as a method of payment for their online stores and retail…

The Central Bank of Sri Lanka (CBSL), Governor, Ajith Nivard Cabraal asserted that there has been no change in the Central Bank’s stance on cryptocurrencies amidst possible measures hinted by…

As Workers’ remittances inflows continued to tumble for the past three months, the Central Bank of Sri Lanka (CBSL) has decided to “SL-Remit” mobile application with the assistance of key…

Sri Lanka’s government looks to develop a forward-thinking policy for Blockchain technology including cryptocurrencies in an attempt to digitalize the economy and to attract investments. “Sri Lanka is taking a…

QisstPay, a shop-now, pay later start-up based in Pakistan, has raised $15 million in funds as it plans to expand to other South Asian nations within the next six months. MSA…

The legal status of cryptocurrencies remains a mixed bag of regulatory positions, depending on the jurisdiction being considered. While some countries move toward blanket prohibitions or stringent regulations, others elect…

Sri Lanka’s leading ride hailer app, PickMe has been nominated for the award of Best Agile Transformation at this year’s  World Agility Forum. Pickme is also the only Sri Lankan…

President Joe Biden is pushing to nominate Cornell University Law School professor Saule Omarova to lead the Office of the Comptroller of the Currency (OCC), a move that could happen as soon…

The Digital Currency Institute (DCI) of the People’s Bank of China (PBC) and the Central Bank of the United Arab Emirates (CBUAE) have joined a central bank digital currency project…

Bitcoin mining farms in Texas have gone offline because of a massive winter storm that drained the state’s power grid. While some mining farms have stopped operations due to power…

(Reuters) – Bitcoin pulled back from a record high on Monday and other cryptocurrencies slipped, as investors took profits from a record-breaking rally that had pushed bitcoin close to $50,000.…

The Global Startup Ecosystem Report (GSER) 2020 has identified Sri Lanka among the top three Fintech ecosystems to watch out for in the South and Southeast Asia regions. Malaysia and…

Huawei Y7a is the latest mid-range smartphone in the popular Y series with top of the line flagship specifications. It also packs a much larger screen competing head to head…

HUTCH, Sri Lanka’s preferred choice for mobile broadband services has unveiled the newest version of the popular HUTCH Self Care app to offer HUTCH subscribers with an enhanced, all-inclusive digital…

Thailand, which leads ASEAN in 5G rollout, is eyeing the pole position in the race for ASEAN digital hub with its initiative to boost the ICT infrastructure and ecosystem, government…

Huawei, the global smartphone brand recently launched Y7a – a mid-range smartphone with one of the largest screens that would undoubtedly be craved by heavy social media users and mobile…

V20SE Features 32 MP Super Night Selfie Technology, Magical Sleek Design, and Power-Packed Performance Available for Sale in Sri Lanka, starting 14th November’20 vivo, the leading global smartphone brand today…

At the 2020 Global Mobile Broadband Forum (MBBF), Huawei’s Executive Director and President of the Carrier Business Group Ryan Ding gave his keynote speech “Maximizing Wireless Network Value for a…

Railsbank, the leading global Banking-as-a-Service (BaaS) platform, has raised $37 million as part of continued equity funding to support its global growth and product expansion, the company announced. MiddleGame Ventures…

Sri Lanka’s preferred choice for mobile broadband services, HUTCH has appointed popular social media influencer and a movie star Gayathri Shan as a new brand ambassador. With this appointment, HUTCH…

Huawei launched HUAWEI CLOUD Meeting, its full-scenario, secure and reliable global video conferencing solution in Asia Pacific on Monday. The award-winning device-cloud synergy solution enables effective internal and external meetings…

Strengthened 5G Telco Cloud Portfolio with Cloud Native Support enables businesses to better harness emerging technologies in Sri Lanka’s cloud and mobile first economy VMware, Inc. (NYSE: VMW) recently announced…

Huawei recently announced its business results for the first three quarters of 2020. During this period, Huawei generated CNYv671.3 billion in revenue, an increase of 9.9% over the same period…

The 2019-2020 Huawei Asia Pacific ICT Competition, under the theme of “Connection, Glory, Future,” successfully concluded on Wednesday. Institut Teknologi Bandung (ITB) from Indonesia won champions of both the Network…

Seylan Bank has become the first Sri Lankan bank to comprehensively expose all APIs as Web Services with its successfully adoption of the Fiorano Hybrid Integration Platform (HIP), United States-based…

Enriching lives with technology Huawei Consumer Business Group (BG) recently published its Sustainability Progress Report. The report highlights the company’s sustainability achievements over the past decade, covering four major areas…

HUTCH, Sri Lanka’s preferred choice for mobile broadband services recently rewarded the winners of HUTCH Danumai Miliyanayai in a grand prize-giving ceremony held at the Hutch Head Office, Colombo. Danumai…

Sri Lanka’s Foreign Minister Dinesh Gunawardena called for assistance to advance digitalization of economies and services within Commonwealth member states in recognizing role of e-commerce and e-governance to address challenges…

the UN Broadband Commission and Huawei held the sixth Ultra-Broadband Forum (UBBF 2020) online in Beijing. With the theme of “Intelligent Connectivity, New Value Together”, this year’s UBBF discussed the…

Huawei, the global smartphone brand has ensured that its devices meet the benchmarks needed to provide a seamless Work From Home (WFH) and Learn From Home (LFH) experience. WFH and…

Huawei Consumer Business Group (BG) received four accolades from the Good Design Award 2020, the sole comprehensive design evaluation and commendation award system in Japan. HUAWEI Freebuds Pro, HUAWEIP40 Series,…

CMA CGM and MSC Mediterranean Shipping Company have announced that they are now successfully integrated onto the TradeLens blockchain platform created by IBM and Maersk, with the support of three…

At HUAWEI CONNECT 2020, Huawei officially released its Autonomous Driving Network (ADN) solution for the enterprise market. This future-proof solution brings intelligence to networks and completely integrates artificial intelligence (AI)…

Sri Lanka officially launched LANKAQR code-based payments backed by a dedicated island wide promotional campaign with participation of the banking sector, which is expected to attract the country’s Small and medium-sized…

HUTCH, Sri Lanka’s preferred choice for mobile broadband services has partnered with the leading telemedicine service provider oDocbringing24/7 online video GP consultation services directly to the mobile of every Hutch…

Sri Lanka’s Hutchison Telecommunications (Hutch) among the world’s top 30 “most improved” mobile operators in terms of Upload Speed Experience and fourth generation (4G) availability, according to a report by…

Axiata Digital Labs announced today that they have signed a partnership with the local chapter of the UK based Chartered Institute for IT professionals BCS Sri Lanka, to sponsor National…

Reframe your fitness, health and style with the latest smart sports watch from Huawei Huawei recently announced the launch of its latest fitness watch, HUAWEI WATCH FIT. Huawei’s first ever…

ICT can bring new value and approaches to digital inclusion At HUAWEI CONNECT 2020, which kicked off Recently, Kevin Zhang, Chief Marketing Officer of Huawei ICT Infrastructure, addressed the online…

Continuing to earn awards and recognition in Sri Lanka and around the world, Sampath Bank PLC was recently rated amongst the Top 1000 World Banks 2020 by the UK’s Banker…

The Huawei 5G Microwave Asia-Pacific Conference was held online recently, bringing together more than 130 guests to share insights into 5G microwave applications and to discuss how microwave solutions contribute…

As the world integrates the ‘New Normal’ in the ecosystem, Sri Lanka’s digital framework is pacing with fresh energy and has bold plans for the future. The ‘New Normal’ has…

Huawei P40 Pro is the latest flagship smartphone rolled out in Sri Lanka by Huawei, the innovative smartphone manufacturer. The all-new Huawei P40 Pro is expected to revolutionize the smartphone…

World’s leading ICT provider, Huawei co-sponsors Information & Communication Technology Agency of Sri Lanka (ICTA) for e-Swabhimani 2020 – Digital Social Impact Awards programme that recognizes the excellence of the…

Huawei, the innovative smartphone manufacturer, recently launched the Huawei Y6p in Sri Lanka featuring an innovative triple camera set up that revolutionizes smartphone photography, promising more stable and detailed images.…

Informatics Institute of Technology (IIT), the pioneer in British higher education in Sri Lanka and the country’s premier IT and Business campus, successfully conducted the IIT Careers Day 2020 on…

Reiterating its customer centricity, Mobitel, one of Sri Lanka’s leading mobile service providers, has constantly addressed the needs of mobile consumers with innovative products and services. In its latest venture,…

BID2WIN bidding competition organized by zMessenger in collaboration with HUTCH was concluded recently with an awards ceremony that rewarded the winners of several promotions conducted this year. Ashane Imantha Gunesena…

The COVID-19 pandemic has revealed a great deal of vulnerabilities in our world and our way of life that we never imagined we had. But in this time, technology has…

In a first for Sri Lanka, John Keells Properties -through a strategic collaboration with Commercial Bank-has launched ‘Freedom Mortgages’, a new home financing solution which waives the interest on home…

Carmart (Pvt) Ltd, the official representative for Peugeot in Sri Lanka, are set to revolutionise the automotive maintenance sector thanks to the introduction of Peugeot parent group’s (PSA) “VIDEOCHECK” platform.…

Huawei, the innovative smartphone manufacturer recently launched the feature packed Huawei P40 Pro in Sri Lanka taking the smartphone photography a step further. This powerhouse has a refractive matte finish…

Perfect fit coming in with exciting colorway Huawei, the innovative smartphone manufacturer, recently introduced the Skyline Grey edition of Huawei Nova 7i in Sri Lanka extending the color choices for…

The tech company reveals its long-term plan to bridge the ICT talent gap and calls for a cross-sector collaboration at the Huawei Asia Pacific ICT Talent Forum 2020 Huawei Technologies…

Axiata Digital Labs (ADL) is pleased to announce the addition of Sanharsha Jayatissa, Fawaz Ashraff and Niresh Samaranayake to their Senior Leadership Team. ADL, an innovative software service provider, has…

As part of its efforts to deliver a better experience to its customers, HUTCH, Sri Lanka’s fastest growing mobile broadband service provider, recently upgraded its primary customer service point at…

The Finance Houses Association of Sri Lanka (FHA) announced that it will continue to empower the nation with ethical finance practices while acting as the mediator to the non-banking financial…

Helakuru, Sri Lanka’s number one keyboard and digital services app powered by Bhasha Lanka (Pvt) Ltd is now featured in Huawei AppGallery much to the delight of Huawei smartphone users.…

Y50 Big Battery and strong performance and Y30 with advance gaming mode and 4 rear cameras vivo Mobile Lanka launched two next generation smart budget phones in Sri Lanka. Y50…

Offering an uninterrupted smartphone experience Huawei, the innovative smartphone manufacturer, recently unveiled the all-new Huawei Y6p featuring a 5000mAh long-lasting battery that helps users get through their everyday tasks without…

Huawei announced its business results for the first half of 2020 today. The company generated over US $ 64.2 billion (CNY 454 billion) in revenue during this period, a 13.1%…

By Vidura Prabhath Huawei, the innovative smartphone manufacturer, recently marked its footprint in the laptop arena with the launch of Huawei MateBook D15 and Matebook 13. Both the laptops are…

People around the world cherish US manufactured SUV’s and Pick-up trucks for their premium look and features coupled with the ample spaciousness which is a key for travelling purposes. But…

IFS, the global enterprise applications company, was recently recognized in the top five Export Corporate Brands for IT Services in the latest edition of the Brands Annual magazine. IFS secured…

Axiata Digital Labs (ADL) today announced its participation in TM Forum’s renowned collaborative proof-of-concept Catalyst program focused on co-creating innovative solutions to important industry challenges leveraging key TM Forum best…

Setting a new benchmark for entry-level smartphones, Huawei, the innovative smartphone manufacturer, recently launched Huawei Y6p featuring 4GB RAM + 64GB ROM. Huawei Y6p is considered as the benchmark of…

Huawei’s Deputy Chairman Ken Hu outlined its vision and action plan for education under its digital inclusion initiative TECH4ALL at the Global Education Webinar entitled “Driving Equity and Quality with…

Ultra large 5000mAH battery with 8GB + 128GB of RAM & ROM The innovative smartphone manufacturer, vivo Mobile is set to release their mid range mobile device Y50, to Sri…

Global leading ICT infrastructure provider Huawei has ranked No. 6 in BCG’s recent released list of the 50 Most Innovative Companies in 2020, moved up by 42 places. This is…

Underpinned by an unrelenting drive for innovation, Huawei makes the top 50 for the fifth consecutive year Huawei is steadfast in its commitment to innovation and driving value for global…

New search tool powered by the Petal Search engine has been created in partnership with global search engine leaders to offer Huawei users an innovative and diverse search experience Huawei,…

Since the COVID-19 outbreak, many of us have adapted to the new normal and withdrawn to the safety of our homes. It’s only natural, then, that our internet use has…

The COVID-19 pandemic created an immense humanitarian crisis that severely affected almost all countries in the world. Due to the health security measures taken by the governments, it forced organisations…

The 2020 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network was launched today at The Ecosystems Couch Conference. The GSER is the world’s most comprehensive…

Hutch Telecommunications, Sri Lanka’s preferred choice for mobile broadband services has enhanced its  popular cliQ app enabling all its 078 & 072 subscribers to enjoy unlimited Internet experience on its…

Verité Research has launched the first phase of publicfinance.lk, an online platform that will eventually be a one-stop-shop for all public finance related information in Sri Lanka.  The beta version…

The inquiring committee appointed to investigate alleged irregularities in the ETI Investments met with President Gotabaya Rajapaksa at the Presidential Secretariat today (June 11). The Committee informed the President that…

The Finance Houses Association of Sri Lanka (FHA) in its capacity as the apex association of 41 Registered licensed Finance companies of Sri Lanka, deeply condemns the alleged murder of…

Fitch Ratings has downgraded the ratings of 28 corporates in Asia Pacific (APAC), and made negative revisions to the rating outlook or watch for a further 32 corporates, driven by…

The cabinet of ministers approved a proposal presented by President Gotabaya Rajapaksa to increase the refinancing facility of the Central Bank as part of assisting the economic recovery of small…

 IFC, a member of the World Bank Group, is providing a $50 million loan to Commercial Bank of Ceylon (ComBank), Sri Lanka’s largest private bank, to help small and medium…

 An agreement was signed by the Government of Sri Lanka with the Government of Germany today to obtain a technical assistance grant of Euro 11 million to implement the following…

Despite the volatile condition in the country and the world due to the pandemic, Sri Lanka’s first fintech accelerator program launched virtually on April 23rd 2020. This is also the…

Industry Leaders from Hospital de Sant Pau and Huawei today outlined a vision of how digital technology can make hospitals more efficient and improve patients’ lives. Speaking at an event…

In a world where travelers seek more than just a destination, creating unique and memorable experiences has become the cornerstone of the hospitality industry. Recognizing this, Fairway Colombo, a smart…

Classic Travel is proud to announce its win at the 26th National ICT Awards (NBQSA) 2024 in recognition of its exceptional digital innovation. Being recognized in the In-house (Non-ICT Company)…

Janashakthi Life celebrated the grand opening of its newly relocated Medawachchiya branch, enhancing service accessibility for the customers. Director/CEO Ravi Liyanage and Deputy CEO Niranjan Thangarajah of Janashakthi Life marked…

The article discusses how artificial intelligence is revolutionizing the century-old market research industry, valued at $87.7 billion globally. Ai Palette, a Singapore-based startup founded in 2018, is at the forefront…