Highlighting technological advancements, innovation in business models, and the impact of disruptive technologies on industries and markets.
The Bank of Ceylon (BOC) is shaking things up in the world of Sri Lankan e-commerce with the introduction of Pieze, a revolutionary payment aggregator. This innovative platform promises to simplify and streamline online payments for both businesses and consumers. Pieze acts as a one-stop shop for e-commerce merchants, integrating various payment methods like internet
Sri Lanka’s digital payment landscape is lagging behind, and Dr. Roshan Perera, a former Central Bank Director, believes India holds the key to catching up. Dr. Perera suggests Sri Lanka should actively seek India’s assistance in revamping its digital payment ecosystem to mimic the success story of India’s system. Sri Lanka launched LankaQR over three
ASUS Sri Lanka recently made a splash with the launch of a new lineup of laptops designed to cater to both productivity-focused users and hardcore gamers. The event, held at the Shangri-La Colombo, showcased three key devices: the Zenbook 14 OLED (UX3405), the Zenbook DUO (2024), and the 2024 ROG Strix series. For those seeking
Zoral, a leading global AI software company specializing in the banking and finance industry, has announced a strategic partnership with LinearSix, a Sri Lankan digital transformation force in fintech. This collaboration marks a significant step for both companies, aiming for aggressive expansion into the Asia-Pacific (APAC) and Middle East and North Africa (MENA) regions. The
TOS Lanka Co. Ltd, a joint Sri Lankan and Japanese company, has made a significant stride in the agricultural sector with the introduction of the world’s first “anti moth pest repellent bulb.” This innovative product, developed through Japanese research and development with support from JAICA and UNDP, utilizes a novel approach to pest control. Unlike
A Sri Lankan company, Global Conversions, has achieved a world first – successfully converting a Hummer EV SUV to right-hand drive. Based in Ras Al-Khaimah, UAE, this company specializes in automobile re-engineering. Global Conversions doesn’t just convert vehicles; they ensure quality. Chairman Suresh Edirisinghe emphasizes that not only did they complete the conversion, but they
Sri Lanka is making significant strides towards increasing its renewable energy capacity with the announcement of two major projects. Power and Energy Minister Kanchana Wijesekera signed a Power Purchase Agreement (PPA) for a 150-megawatt (MW) ground-mounted solar project in Hambantota. This project, representing a $150 million investment, will be developed at the Solar Energy Park
Sri Lankan household products company, Phoenix Industries, has revamped its PVC product line under the brand name Super PVC. This relaunch aims to solidify Phoenix’s position as the leading supplier of PVC solutions in Sri Lanka. Super PVC encompasses a wide range of products including UPVC and CPVC pipes and fittings, FAB bends, solvent cements,
Sri Lankan design, technology, and marketing firm Surge Global has secured a major win in the Qatari market through a strategic partnership with Gulf Business Machines (GBM) Qatar. This collaboration not only marks a significant milestone for Surge Global but also positions them as a key player in delivering cutting-edge digital transformation solutions across the
Backbay Solar (Private) Limited has successfully commissioned two new ground-mounted solar power plants in Kommathurai, Batticaloa. These 2-megawatt plants, designated “SBS II 1X90 Vavunathivu 6” and “SBS II 1X90 Vavunathivu 7,” represent a significant contribution to Sri Lanka’s renewable energy goals. The project is part of the Ceylon Electricity Board’s 1X90 SBS II solar tender,