Commitment to Youth Empowerment for connected, digital, intelligent future:
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 Posts 45% Growth in Premiums & Other Operating Revenue Surges 111%
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 Announces Outstanding Partner Awards 2024
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…
UNESCO-Huawei Open School Initiative Set to Transform Education in Egypt, Brazil and Thailand
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…
Huawei Encourages Female Participation in STEM with Support for EGOI
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…
Sri Lankan Students Shine on Global Stage at Huawei ICT Competition 2023–2024
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 Unveils iPhone 16 with AI-Powered Features and New A18 Chip
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 Triumphs at the World Travel Awards, Winning Best Travel Agency for Sri Lanka
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 Celebrates Sri Lanka’s 1 Gigawatt Solar Energy Milestone
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 Build Ultra-Large-Scale Commercial 5.5G Network
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…
Kelaniya Toastmasters Club Celebrates Fourth Officer Installation and New Member Induction Ceremony with Enthusiasm and Elegance
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…
Entel Peru joins hands with Huawei to complete the first overseas commercial use of dual-band AAU
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 appoints Dilhan Fernando as Chairman
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 Partners with Huawei to Revolutionize Core Banking Infrastructure
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 Wins Red Dot Design Award 2024
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…
ITU-Huawei digital talent program gets in gear
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 Wins Digital with Purpose Award for Salmon Protection Solution in Norway
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…
Huawei Launches Apollo Version — World’s First Commercial 5.5G Version Based on Release 18
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 Takes Home Silver at National Business Excellence Awards 2024
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 Recognized as Top Technology Resilient Company in Capital Markets – Digital Trust Awards 2024
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 Takes the Field as Title Sponsor for Asoka Rugby in Schools Dialog U-19 League
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…
Huawei’s GenAI for AN Wins “Best Moonshot Catalyst – Attendees’ Choice Award” at DTW24-Ignite
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 honoured as “Most Technology Resilient Company” at ISACA Sri Lanka Digital Trust Awards
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…
Sri Lankan Team from Moratuwa University Secures Second Prize at Huawei ICT Competition 2023–2024 Global Finals
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 Named Among Sri Lanka’s Top 10 Best Workplaces for 2024 in the Technology Industry
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…
First Capital Empowers Girls’ Education for a Second Year with Room to Read
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 Announces Plan to Bring AI to Networks to Elevate Network Productivity
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 Announces Strategic Board Appointments, Led by Rajendra Theagarajah as Chairman
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) & Subsidiaries Earn Top Honours at First-Ever Digital Trust Awards
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…
Huawei and China Mobile Wins the TM Forum 2024 “People and Planet” Excellence Award
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…
2024 European Cup™ Unveils Spectacular Opening: vivo V30 Series as the Official Smartphone for Capturing the Excitement and Unforgettable Highlights
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 and Huawei Sign MoU for Strategic Cooperation on Net5.5G
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 kicks off 2024 Tech Arena Contests in Europe: Global Talent Building the Future
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 partners win prestigious international awards for demonstrations cases of AI in industry
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 IUCN Host Tech4Nature Summit to Promote Innovation in Nature Conservation
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 Tours hosts an evening of celebration and appreciation for long-standing clientele
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 & Habitat for Humanity Builds Hope through Housing Project
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…
Huawei OceanStor Dorado Named One of DCIG Top 5 Cyber Secure High-End All Flash Arrays
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…
Redefining Data Storage in the Data Awakening Era
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…
Cin7 chooses Orion City as strategic location for expansion and growth
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…
A Heartwarming World: HUAWEI XMAGE Global Exhibition Officially Launched
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…
LANKA QR transactions double in 2023
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 Celebrates Success at “IT Gallery -Hikvision Partner Summit 2024”
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 and IT/BPO Exports Contracts in March
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 Announces Winners of the GoPaint Worldwide Creating Activity
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 Strengthens on ground presence with the Launch of its 3rd Lenovo Exclusive Store in Sri Lanka
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.…
Adani Green Energy Revenue increases 33% in FY24
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…
Huawei Digital and Intelligent APAC Congress: Jointly Exploring Transformation Opportunities in Asia-Pacific
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 Unveils its Intelligent Distribution Solution at 26th World Energy Congress
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…
21st Huawei Analyst Summit: Thrive with Intelligence
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…
Huawei and EDMI reach global IoT licensing agreement
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…
University Of Moratuwa Team Advances To Huawei ICT Competition 2023–2024 Global Finals
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…
HUAWEI CLOUD CONTINUES TO BUILD STRONG ECOSYSTEM FOUNDATIONS FOR PARTNERS TO DRIVE GROWTH AND CARVE NEW OPPORTUNITIES IN INDUSTRY DIGITISATION
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…
Notice on Rotating Chairman Tenure
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 Shenzhen Meteorological Bureau Announce Regional AI Model
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…
2024 SUMMER SCHOOL FOR FEMALE LEADERSHIP IN THE DIGITAL AGE TO BE HELD IN WARSAW
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 Unveils the Future of Portrait Photography with the Premium and Elegant V30
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 Leads the Charge: Principal Sponsor for WNPS Small Cats Project
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…
Industry Pioneers Launch the Level 4 Autonomous Networks Initiative at the Autonomous Networks Summit
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 sign global patent agreement
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 and Global Sustainability Stakeholders Discuss How to Thrive with Green ICT
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): Paving the Path to a Sustainable Future
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 Delivers Strong Financials to December 31, 2023.
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.…
Huawei Cloud and Orel IT Collaborate to Launch Enadoc on Orel Cloud
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…
PAYable Pvt Ltd Completes LKR 80 Billion in Transactions
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…
Huawei and Partners Win TM Forum Assets Award
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,…
Cloud Phone Co-Developed with China Mobile Wins Award
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,…
Adani Green Begins Generation from the World’s Largest Renewable Energy Park
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…
Adani Group Claws back narrative a year after Hindenburg Report
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 and Huawei Pilot Large-Scale 5.5G Network in Nation’s Capital
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 Wins Huawei’s Tech4Good Global Competition 2023
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…
HUTCH Enabling Digital Vision Of The Country For Inclusive Growth Of All Sri Lankans
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…
Huawei OptiX OSN 9800 Series Once Again Ranks as “Leader” in Core and Metro WDM by GlobalData
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…
Revolutionizing Payment Systems: Softlogic IT joins hands with AUSTRIACARD
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…
Green Hydrogen: The final step towards a Zero Carbon Future
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 Stands as the Principal Sponsor of the SSC Open Tennis Championship for the Third Consecutive Year
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…
Inspire your Creativity: HUAWEI Launches GoPaint Worldwide Creating Activity
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…
Hindenburg row: Gautam Adani says truth has prevailed
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…
ParentPay Sri Lanka: Transforming education with technology
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…
SLSEA, SIA and Huawei Collaboration for Sri Lanka’s Green Energy Agenda
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…
Huawei Joins Green Digital Action at COP28
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…
Adani Green completes JV with TotalEnergies, raises USD 300 million
− 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 Great Manager Awards Launched Setting New Standards for Leadership.
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 Celebrates Successful Completion of Stripes and Checks E-commerce Project
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 Wins GOLD at TAGS Awards 2023 for Inclusive Reporting Excellence.
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…
Huawei ICT Competition in Sri Lanka Awards 20 Undergraduates Amidst Dignitary Attendance
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 introduces 9-App Social Media Plan with unmatched Pricing
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,…
Adani Green harnesses robotics for more sustainable solar generation
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…
HUTCH Honors Top Retail Partners at the Second GAURAWABHIMANA Retailer Awards
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…
ATGL launches Green Hydrogen Blending Pilot Project at Ahmedabad
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…
Huawei unveils joint fellowship with ITU, makes strides in digital inclusion
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 Sustainability Forum: Jeffrey Sachs Advocates Tech Solutions to Address SDG Challenges
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 Wins at SLIM DIGIS 2.3
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,…
Huawei Promotes Innovative 5G Solutions for Industry 4.0 Infrastructure to Help Digitalize Industrial Manufacturing
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…
Crocodile Celebrates 15 Years of Unstoppable Fashion Excellence in Sri Lanka
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…
China Unicom and Huawei Help Exquisite Automotive Deploy a Commercial 5G-Advanced Flexible Production Line
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…
SINGER Finance Marks Two Years of Empowering SMEs with Sri Lanka’s First QR-Based Mobile Money Collection Service
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 Offers Unmatched Data Roaming Plans for India
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 Announces Winners of the XMAGE Awards 2023
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,…
A Journey of Innovation and Cultural Exploration Students from Sri Lanka Discover Huawei Headquarters in China
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…
Huawei showcases the achievements of the “Technology-enabled Open Schools for All” project in cooperation with UNESCO
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.…
vivo Launches V29 5G in Sri Lanka Showcasing Smart Aura Light Portrait and State-of-the-Art – Ultra Slim Aesthetic Design
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…
Leading EdTech Firm, ParentPay Group, Lands in Sri Lanka
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…
Scybers strengthens it’s Advisory Board with the addition of accomplished technology veteran Chandika Mendis to help start-ups reduce their cyber risks strategically
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 Announces Business Results for the First Three Quarters of 2023
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 Showcases Environmental Commitment with PET Bottle and Plastic Collections at Book Fair
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 IUCN to Expand Global Impact of Nature Conservation in Tech4Nature Phase 2
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 Secures Prestigious Gold Award for Best Project in the Banking & Category at National Project Management Excellence Awards 2023
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…
Huawei Plans to Launch Complete Net5.5G Solutions in 2024, Bringing Net5.5G to Reality
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…
Sri Lanka Retailers Association to Host Prestigious Federation of Asia-Pacific Retailers Association (FAPRA) Executive Committee Meeting
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…
Massive government investment needed to shift to EV” – EU Ambassador HE Denis Chaibi
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…
Mundra Port celebrates 25 years of stellar
operations and unparalleled growth
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,…
AI-Powered Partnership: Connex 360 and EverestIMS Technologies Redefine IT Operations in Sri Lanka
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
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…
Reshaping Industries with AI: Huawei Cloud Presents a Vast Range of Models and Applications
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’ CXO Forum Explores the Role of Identity and Access Management in Digital Trust
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 SLGJA presents FACETS Sri Lanka 2024: Celebrating 30 Years of Excellence in Gems and Jewellery
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…
Solar Giant Expands its Presence in Jaffna
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 Redefines Mobile Connectivity with Revolutionary eSIM Solution for iPhone, Samsung, and Other Devices
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…
Huawei and Ocean Research and Conservation Association (ORCA) Show How They Go About Protecting Ireland Marine Life
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…
SLGJA Jewellery Design Competition 2023 Proceeds to the Next Stage!
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…
Dream Music Fest 3.0 Sri Lanka’s Pinnacle Musical Event Returns for an Unforgettable Evening
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…
Huawei FusionCube Named One of DCIG’s Top 5 Enterprise HCI Providers
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 Partners Sri Lanka Association of Inbound Tour Operators for Successful 67th TAAI Convention
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 Achieves Remarkable IT Infrastructure Transformation with Huawei Cloud, Empowered by DMS Software Engineering (Pvt) Ltd
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 FTTR OptiXstar F30 Products Win the 2023 iF and Red Dot Design Awards
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 obtains highest-level security certification for smart device OSs
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 Reports Impressive Financial Performance with Profits Soaring to Rs. 2.81 Billion
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…
Oak Integrated Systems Obtains Globally Recognised ISO 9001: 2015 Certification
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 Announces 2023 H1 Business Results
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…
Velona Cuddles Bamboo Nappies Set to Revolutionize Baby Care in Australia
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…
Recognizing Excellence: Janashakthi Life’s Achievers Shine at Golden Night Event at Lotus Tower, Colombo.
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 launches a stablecoin in latest crypto payments push
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 appoints Sachith Perera as CEO and Dilshan Wirasekara to lead Group’s expansion strategy.
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 Pangu-Weather Model Now Available on European Weather Agency Website
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…
HUTCHISON ANNOUNCES MANAGEMENT CHANGE IN HUTCH SRI LANKA
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 Mobile Money Solution: Advancing Financial Inclusion for All
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 Retains Crown as the Most Valuable Consumer Brand in the Investment Banking Sector – Brand Finance Rankings 2023
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…
Huawei’s Intelligent Distributed OLTs scores the highest in GlobalData FTTP Competitive Landscape Assessment
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…
NFVI Competitiveness Report Released by GlobalData: Huawei Ranks First for Fourth Consecutive Years with Full Scores in All Dimensions
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 promotes sustainable and organic agriculture at Walpola Engineering Complex
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 to mark a new phase in Sri Lanka’s transition to a digital economy
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…
Huawei hosts challenge to develop machine learning models that cut energy consumption of base stations
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 Colombo Investor Symposium Concludes with Great Success
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…
UNIDO and Huawei launch the Global alliance on artificial intelligence for industry and manufacturing (AIM Global) at World AI Conference in Shanghai
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…
Edotco Partners with HUTCH to Launch its First Advertising Panel in It’s Street Furniture Network
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 Honors Top Retail partners with Gold Coins. Unveils exclusive retailer rewards card with FriMi Mastercard
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…
Huawei’s Sabrina Meng: Embracing 5G transformation
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…
Sri Lanka’s IT experts demand a national trade policy before entering into future FTAs
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…
Huawei, 3GPP, and International Partners Launch a 5G-Advanced Core Promotion Initiative
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…
Debunking a crypto myth: Is crypto really bad for the environment?
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 seeks shared growth with eco-system partners in digital economy
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 delivers Extraordinary Financial Performance, setting a New Benchmark in its Four-Decade Legacy.
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 granted digital asset operator licenses in Thailand
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…
It’s 2023 and Sri Lanka doesn’t have a cyber security authority
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 Completes Training of 260+ Telecommunication Engineers
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 International Learning Academy
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…
Binance Hosts Global Celebrations in Honor of Bitcoin Pizza Day
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 Launches Six Partner Alliances at Asia Pacific Partners Conference 2023
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 facilitates the growth of Infomate’s workforce expansion
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…
Huawei Recognized as a Customers’ Choice in 2023 Gartner Peer Insights™ Voice of the Customer for Primary Storage for Its OceanStor Dorado All-Flash Storage
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 rewards customers with Weekly Unlimited Shopping Sprees
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 Announces Switch to MetaERP, Redefining Enterprises’ Core Business Systems
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…
Capital Maharaja Group to introduce sustainable transportation powered by blockchain in Sri Lanka
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…
Regulatory Harmonization to Drive Crypto Adoption
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 to Build a Smart Talent Ecosystem in South Asia
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 Releases 2022 Annual Report: Steady Operations, Sustainable Survival and Development
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…
BRICS Countries To Challenge the US Dollar Dominance With A New Form Of Currency
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 App Penetration in SEA to reach 84% in 2023
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. ,…
Women Leading through Crisis: SLIM’s Annual Leading Liyo Panel Discussion 2023
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.…
Dell from Singer takes center stage as Title Partner for Interflash’23
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…
APTS demonstrates industry-leading quality with ISO 9001:2015 certification
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…
Sri Lanka Retail Forum 2023 highlights strategies for navigating economic crisis in retail sector
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…
Binance Academy Reinforces its Commitment to Increasing Crypto Literacy
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…
South & Southeast Asia Sees an 83% drop in fintech startups in 2022
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 seen an explosion of new fintechs since 2000
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…
Winners of 2nd Huawei ICT Competition in Sri Lanka go to USJ and SLIIT
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…
Applications to Study Web3 Surpass 80,000 Worldwide Reveals Binance Charity
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…
Sri Lanka rejects billionaire Tim Draper’s Bitcoin pitch to tackle corruption
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…
Hatch Partners with Billionaire Tim Draper-led Draper Startup House to Strengthen Sri Lanka’s Position as a Startup Nation
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…
Binance’s Predictions for the Year 2023, the Year of the Rabbit
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…
World’s first Cardano-based electric vehicle project to debut in Sri Lanka
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 places in CDP’s A-list for its transparency and performance on climate change
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…
IUCN and Huawei Explore How Technology Helps Repopulate the Critically Endangered Hainan Gibbon
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…
Orange and Huawei’s Groundbreaking 157 Tbit/s Transmission over a 120 km Fiber in France Has Set a New World Record
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 Shines as Online Brand of the Year at SLIM Brand Excellence 2022
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. discusses importance of Cyber Security & Resilience in Banking and Financial Sector
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…
Asia-Potash International Investment Joins Hands with Huawei to Build Southeast Asia’s First Smart Potash Mine in Laos, Streamlining Underground Communication and Industrial Networks
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 lagging behind other countries due to the lack of a National Digital Policy
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’s Alternative Finance Business Unit celebrates a year of excellence
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…
Southeast Asia senior FinTech users increase due to the population ageing
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 and HUTCH partner to help Sri Lankans stay connected with text-only Facebook and Discover
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 signs global ITU pledge to help 120 million people in remote areas connect to the digital world
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…
Effie Awards SL 2022 to recognize best marketing efforts during turbulent times
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 Addresses Working Capital Needs With B2B Payments Expansion Into Singapore and Sri Lanka
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…
A Radical Transparency project that will transform the handloom industry in Sri Lanka
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 receives Global ISO/IEC 27001:2013 Standards Certification on safeguarding vital customer data
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…
NAITA-HUAWEI Asia-Pacific Academy awarded certificates to first batch students
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 reaffirms its commitment to Sri Lanka, Marks 5 Years in the Country
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…
5G+AI to assist smart, safe mining
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 expands in APAC including Sri Lanka; rolls out on Huawei Cloud
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,…
HUTCH celebrates 25 years of connecting Sri Lankan consumers
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…
TRCSL Transferred to the Ministry of Technology
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…
5G Leads the Stride
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 honoured as Top Commercial Champion at Lenovo FY21/22 Partner Awards and as Authorised Distributor for Lenovo Products in Sri Lanka
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…
First-ever nationwide Financial Literacy Survey finds 57.9% Sri Lankan adults to be financially literate
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…
UPS S-ECO Mode: An Energy-saving Revolution for Data Centers
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.…
Leading in Cloud Native, Huawei Cloud Unleashes Digital with 10 New Services
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…
Huawei and Dronetech Elevate Partnership to Facilitate Sustainable Farming
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…
Huawei Asia Pacific ISP Summit: Shaping an All-Optical, Intelligent Internet for 2030
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 announced as a winner at the 15th Annual TM Forum Excellence Awards at DTW in Copenhagen
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…
Huawei Released the White Paper Data Storage Power – The Digital Cornerstone of High-Quality Development
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 launches latest Smart Customs and Port Solutions to Help Build World-class Trade Infrastructure
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…
vivo Service Day is Back, Bigger and Better to Deliver Enhanced User Experience
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 Strengthens Its Commitment to Data Security and Privacy with ISO 27001 and ISO 27701 Certifications
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…
Huawei’s Dr. Wen Tong: 5.5G Is Necessary for Bridging 5G to 6G
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…
Huawei launches the nova Y70, feature packed smartphone at a customer-friendly price point
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…
Sri Lanka’s oldest NBFI – Alliance Finance delivers a robust performance despite challenging economic conditions
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…
Huawei signs memorandum of understanding with University of Sri Jayewardenepura to strengthen digital talent building and setup Joint Innovation Lab
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…
Huawei ICT Academy Program towards an Inclusive Digital Sri Lanka
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…
Sri Lankans Scammed out of Millions by Fake Crypto Schemes
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…
Orient Finance rises above challenges to deliver strong results
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 offers FREE MEALS to devotees during this Nallur Festival
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…
Huawei launches its largest-ever regional Seeds for the Future Program, inspiring digital talents to shape the future
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…
SMIB announces appointment of new CEO
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…
Is Cryptocurrency Useful For Sri Lanka Amid Raging Economic Crisis?
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 offers FREE Talk Time relief to its subscribers
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…
Sri Lanka’s Central Bank Says no Change in its Cryptocurrency Policy
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…
Bitcoin Enters The Debate Before The Bankruptcy Declared In Sri Lanka
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 invites Sri Lanka to adopt XOR token as legal tender
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 FD Plus, a special Fixed Deposit scheme with a Life insurance and a Critical Illness Cover
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…
130 International Teams Win at the Huawei ICT Competition 2021-2022 Global Final
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,…
Sri Lankans Turn to Unregulated Crypto Amid Crisis; India Moves To Regulate It
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 becomes first Corporate Communications agency in Sri Lanka to accept crypto-currency
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 wins big at Emerging Asia Insurance Awards 2021
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,…
132 Teams Face Off at the Huawei ICT Competition 2021-2022 Global Finals
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 and Dhammika & Priscilla Perera Foundation join together to build a skilled workforce in Sri Lanka
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 Develops Blockchain System to Replace Swift
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…
Loons Lab’s Digital Consular Counter Management System enables the Sri Lanka Consulate in Melbourne to deliver efficient services
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…
Digital banking platform Revolut launches in Sri Lanka
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…
Crypto’s Total Market Cap Slips Below $1 Trillion as Bitcoin Drops Under $24,000
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 worsening brain drain problem
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…
Huawei Announces New Inventions That Will Revolutionize AI, 5G, and User Experience
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…
HUAWEI CLOUD becomes the fastest growing cloud provider in the region, HUAWEI CLOUD Region to be introduced in Indonesia this year
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 Debuts Its Full-Stack Data Center Solution in Asia Pacific First Time
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…
Anonymous Attempts To Help Sri Lankans but Instead Leaks Data of Thousands
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…
The Technopolitics of Dissent in Sri Lanka
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 to launch On-Premise Huawei Cloud Solutions Stack
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 bounces back in Y2021 with a significant turnaround
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 ComBank is Ranked the Strongest Bank Brand in Sri Lanka
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…
Thai Crypto Payment Giant Wanda.Exchange Enters Sri Lanka’s $5B Gem Industry
That-based crypto payment service provider Wanda.exchange has recently announced its entry into the Sri Lankan gem industry. Wanda’s entry in this industry is expected to bring growth opportunities for both…
Great Manager Awards 2021 Recognized Allianz Lanka for Management Excellence
The Great Manager Awards 2021 recently recognized Allianz Insurance Lanka Limited and Allianz Life Insurance Lanka Limited (collectively, Allianz Lanka) for outstanding management excellence. A total of 5 managers from…
Exciting cash prizes for the winners of HUTCH Danumai Miliyanayai
HUTCH, the country’s fast-growing choice for mobile communication services, announced the winners of the 27th season of HUTCH Danumai Miliyanayai, a general knowledge quiz competition to improve knowledge. This season’s…
Digital loans growing popular in Sri Lanka
Sri Lankan has shown a clear demand for online loans with 9 out of 10 respondents participating in a survey conducted by Robocash expressing the need to borrow extra money…
India to provide US$ 500 million for fuel
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…
Container Freight rates increased
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 looks to Fund Entrepreneurs after making its maiden Start-up Funding in Sri Lanka
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…
CBSL launches a booklet on payment instruments and infrastructures in Sri Lanka
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…
Netizens ask Elon Musk to buy Sri Lanka and name it ‘Ceylon Musk’ instead of buying Twitter
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…
No stock market operations this week
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…
Sri Lanka crisis unlikely to have significant impact on IT operations, say experts
(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 to increase scheduled flights for summer 2022
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…
IMF status update on Sri Lanka’s current situation
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…
WSO2 announces the General Availability of Choreo Digital Platform As a Service
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-Plexus Partnership to provide Comodo’s Cyber protection solutions to Sri Lanka and the Rest of South Asia
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…
Cabinet Approves Public Sector Email and Collaboration policy
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…
CB’s notice to public and money changers
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…
Apple acquires UK’s open banking startup Credit Kudos
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…
Ratmalana airport resumes international flights
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…
Dollar exchange rates closing on Rs. 300
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…
FreeBalance Wins PFM Reform Award in Sri Lanka
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…
OECD plans on a new tax transparency framework for crypto-assets
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…
New 20 rupee commemorative coin issued by Sri Lanka
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…
Fed increases interest rates by 25 bps and signals more hikes ahead
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 Becomes First-ever Sri Lankan Company to be listed on Bitcoin.com
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…
Big four consultancy firms to cease operations in Russia and Belarus
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 Announces the Opening of its Sri LANKA OFFICE
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 Legislature Passes Data Protection Law
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…
Coinbase Is Latest Exchange to Deny Ukraine Request to Block Russian Crypto Users
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 Tourism Surges by 30% After the Adoption of Bitcoin
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…
Crypto bubble: The hype machine behind a $70,000 carbon credit
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…
Making Sri Lanka’s Technology Transition More Inclusive
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…
Central Bank of Sri Lanka Launches the ‘National Remittance Mobile Application’
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…
SYNGENTA AND HSBC COMPLETE PAPERLESS TRADE FINANCE TRANSACTION ON THE TRADELENS PLATFORM
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…
NFT money laundering is a small but growing sector, says Chainalysis report
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…
Sri Lanka Tea Board uses Microsoft Azure to modernize auctions
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.…
Will cryptocurrency expansion continue among emerging markets in 2022?
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…
Popular realme Number Series smartphones surpass 40M handset sale volume
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…
TRCSL initiates preliminary discussion with Elon Musk’s SpaceX over Starlink internet service
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…
Sri Lanka Publishes Much-Awaited Personal Data Protection Bill in Government Gazette
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…
Sri Lanka and Russia Eyes bilateral cooperation on Cyber Security Threats
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…
IMF Strikes Back! Warns El Salvador against the use of Bitcoin as Legal Tender
(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…
Sri Lanka’s Cabinet Clears the drafted Private Data Security bill to Present to the Legislature
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…
Here’s how companies can make sure they are blockchain-ready
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.…
Sri Lanka’s Fintech industry far away from reaching its full potential; Regulatory barriers seen as the main obstacle
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 WSO2 secures $90 million investment from Goldman Sachs on a valuation over $600 million
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…
Mastercard Launches Asia Pacific Region’s First Crypto-Linked Payment Cards
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…
Ransomware Soars 148% to Record-Breaking Levels in 2021
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…
Sri Lanka’s Central Bank Completes Blockchain-based Shared KYC POC
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…
After China’s cryptocurrency crackdown, Hydro-power rich Laos invites Bitcoin miners
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…
GemPay becomes Sri Lanka’s First Bitcoin and Cryptocurrency Merchant Payment Gateway and Processor
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…
Central Bank of Sri Lanka Says no change in its stance on cryptocurrencies
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…
Sri Lanka’s Central Bank to launch “SL-Remit” mobile app to discourage forex earning transfer through informal channels
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 on Blockchain technology and cryptocurrencies
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…
Pakistan-based Start-up QisstPay raises $15 million, eyes Sri Lanka and Bangladesh markets
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…
Ukraine joins the comity of crypto-friendly nations with new regulation
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…
PickMe Nominated for the award of Best Agile Transformation at this year’s World Agility Forum
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…
Biden to Name Wall Street Critic Saule Omarova to Lead OCC
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…
Central banks of China and UAE join digital currency project for cross-border payments
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 Offline From Winter Storm
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…
Bitcoin pulls back from brink of $50,000
(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.…
Sri Lanka among top three Fintech ecosystems to watch out for in the region
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…
Reasons that make Huawei Y7a the most desirable mid-range smartphone
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…
Experience HUTCH at your finger Tips, with the new advanced HUTCH Self Care App
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 leads in race for ASEAN Digital Hub with upgraded ICT infrastructure
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…
48 MP Quad AI Camera, 5000mAh battery, 4GB Ram + 128GB Rom packed Huawei Y7a up for grabs in Sri Lanka
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…
vivo Launches V20 SE in Sri Lanka, a Premium Flagship Smartphone with Best-in-Class Camera Capabilities and Modern Sleek Design
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…
Huawei’s Ryan Ding: Maximizing Wireless Network Value for a Golden Decade of 5G
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…
BaaS platform Railsbank raises $37M
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…
HUTCH signs up Gayathri Shan as new Brand Ambassador
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 CLOUD Releases Device-Cloud Synergy Meeting Solution in APAC
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…
VMware Unveils 5G and Edge Advancements, Driving Sri Lanka Towards New Chapter of Innovation-Led Growth
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 revenue in Q3 2020 at a 9.9% growth
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…
Top ICT Students to Represent Asia Pacific in Huawei ICT Competition Finals
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…
Fiorano Drives Digital Transformation at Seylan Bank
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…
Huawei releases Sustainability Progress Report
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 Danumai Miliyanayai quiz winners rewarded
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 calls Commonwealth member states for collaboration to advance digitalization of economies and services
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…
Huawei Launches All-scenario Intelligent Connectivity Solutions
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…
Seamless Work From Home and Learn From Home possibilities with Huawei devices
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 FreeBuds Pro, P40 Series, Vision X65 and VR Glass awarded esteemed Good Design Awards 2020
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 join Maersk to make Tradelens blockchain the de facto global standard
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…
Huawei Launches ADN Solution for Enterprises, Bringing Intelligent Connectivity Within Reach
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’s newly launched LANKAQR code-based payment system to benifit SMEs
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 – oDoc partnership revolutionizes Sri Lankan telemedicine
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…
HUTCH IS AMONG THE WORLD’S TOP 30 “MOST IMPROVED” MOBILE OPERATORS
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 partners with BCS Sri Lanka as the Exclusive Innovation Partner for National ICT Awards 2020
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…
Style up your fitness with the new HUAWEI WATCH FIT
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…
TECH4ALL: Powering Digital Inclusion with Technology
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…
Sampath Bank Ranked Amongst Top 1000 World Banks 2020 September, 23, 2020
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…
Innovative Microwave Solutions Proposed at Huawei 5G Microwave Asia-Pacific Conference for Heavy-Rain Regions
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…
FUTURE OF THE SMARTPHONE MARKET IN SRI LANKA by kevin Jiang
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 sets a new benchmark in smartphone photography
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…
Huawei co-sponsors ICTA for “e-Swabhimani 2020” Digital Social Impact Awards
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 Y6p offering a Visionary Photography Experience
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.…
IIT’s first Virtual Careers Day 2020 brings together IIT students and Sri Lanka’s top companies
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…
Mobitel apps are now available on Huawei AppGallery
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,…
zMessenger and HUTCH rewards winners of BID2WIN competition
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…
OVID–19 is accelerating the technology takeover
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…
John Keells Properties launches ‘Freedom Mortgages’ – Pioneering new home loan scheme with Commercial Bank waives interest for two years
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 Introduces “VIDEOCHECK” — Sri Lanka’s First Automotive Digital Aftersales Support Service
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 P40 Pro released in Sri Lanka with a pack of incredible features
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…
Huawei Nova 7i launched in fresh Skyline Grey color
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…
Huawei ICT Certification Program Cultivates Talent Ecosystem in Asia Pacific
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 Adds Industry Veterans to Leadership Team
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…
HUTCH upgrades Colombo Customer Service Point to provide a better experience
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…
As NPLs build up, finance companies call for regulatory forbearance
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 app now available on Huawei AppGallery” -Sanoj Siriwardana :Head of Marketing, Bhasha
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.…
vivo launches two next generation smart budget phones in Sri Lanka
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…
4GB RAM + 64GB storage, Huawei Y6P powered with 5000mAh long-lasting battery
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 2020 First Half revenue up 13.1% to US $ 64 Bn
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%…
Huawei MateBook D15 and MateBook 13 optimize productivity with a pack of innovative features
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…
Autogroup International steers into 25 years in conversion and re-manufacture of high-value American vehicles
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 recognized as a Top Export Corporate Brand by Brands Annual
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 Leads TM Forum Collaborative Catalyst Project Transforms How CSPs Collaborate
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…
HUAWEI Y6p coming at 30,499.00 LKR with 4GB RAM + 64GB Large Storage
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 Ken Hu: Driving Equity and Quality in Education with Technology
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…
vivo Sri Lanka announces Y50 for mid July
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…
Huawei ranks #6 among world’s most innovative companies 2020
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…
Huawei soars in brand value, goes up in BrandZ World’s Most Valuable Brands rankings
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…
HUAWEI’S FIND APPS SEARCH WIDGET IS YOUR GATEWAY TO A MILLION APPS
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,…
We’re more online than ever – what does that mean for our privacy?
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 challenges of cyber security in Sri Lanka
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…
Startup Genome and Information and Communication Technology Agency of Sri Lanka Launch 2020 Global Startup Ecosystem Repor
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 cliQ now on 4G
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 launches first phase of a new public finance platform
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…
ETI had not followed proper procedures from the start: Inquiring Committee
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 condemns the murder of Three Wheel Association Chairman Late Sunil Jayawardena
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: Pace of Coronavirus-Related Downgrades Easing for APAC Corps
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…
CB to increase refinance facility to 150 mn to assist COVID-19 affected SMEs
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 provides $50 million support to Sri Lanka’s Commercial Bank to boost SMEs
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…
Technical Assistance grant of Euro 11 mn from the Government of Germany
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…
‘HATCHX’ SRI LANKA’S FIRST VIRTUAL FINTECH ACCELERATOR
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…
First Capital Treasuries Recognized Globally for Outstanding Industry Leadership and Reporting
First Capital Treasuries PLC (FCT), a leading non-bank primary dealer, continues to solidify its status as a financial powerhouse. The company has been recognized with esteemed international awards, highlighting its…
Oki Doki Partners with CILT as Gold Sponsor for 2024-2025: Investing in Logistics Education and Development
Oki Doki, a leading provider of digital transportation solutions with a global footprint, and a fully-owned subsidiary of Expolanka Holdings, has partnered with the Chartered Institute of Logistics and Transport…