(DFT) By Nisthar Cassim in Singapore
The emphatic message that Sri Lanka is open for business reverberated during the well-attended full-day Investor Summit in Singapore yesterday as a host of Government, public and private sector leaders in sync showcased emerging opportunities in the country. (read more)
ECONOMYNEXT - Sri Lanka’s Dialog Axiata may acquire a unit of Bharti Airtel in the island by issuing its own stock for shares of the smaller player, a media report said.
India’s Economic Times newspaper citing unnamed sources said the stock could be issued to a Singapore based unit of Airtel and negotiations were ongoing. Axiata had already merged its Bangladesh units with Airtel. (read more)
This is yet again another dynamic partnership between the two companies in an effort to provide the latest and the best in technology to their customers. The Windows 10 devices include the Microsoft Lumia 950 and the Microsoft Lumia 950 XL smartphones which are the first Windows 10 Lumia phones and newest premium phones from Microsoft.(read more)
For the first time wifi connectivity covering all-Island!
WIFI connections will be freely available throughout the country by March 2016 with the aid of Google loon, a technology under which a special kind of balloon named Raven Aerostar! (read more)
(BI) – The document describes a text-messaging system that would let you schedule text messages based on a variety of factors, such as the time, weather, and location. It sounds as if the messaging app would communicate with other apps on your phone — such as the weather app and your calendar — to send text messages at certain times. (read more)
(Bloomberg) “A big asset that warrants a big valuation.” Bank of America Merrill Lynch say that YouTube, which is owned by Google, is worth more than $70 billion on its own. According to Bloomberg data, only 66 companies in the S&P 500 have a higher market value (read more)
Lamborghini SpA builds a high-performance SUV – first of its kind for the sporty-legend
(Bloomberg) Automobili Lamborghini SpA will build a new high-performance sport utility vehicle in Italy that may double the size of the supercar brand, after reaching a deal on tax breaks with Prime Minister Matteo Renzi’s government, said people familiar with the matter. (read more)
COLOMBO (EconomyNext) – The ‘digital footprint’ of top central bankers should be checked, a three member committee that went in to an alleged Treasury bond scam has said, pointing out that its terms of reference was limited (read more)
(Bloomberg) More than 90 percent of auto-related crashes are due to human error: a distraction, a mistake. With the new “Active Assist” technology, is trying to do everything it can to take those errors out of the equation. (read more)
Tech Trends 2015: Exponentials
London: A leader in market analysis expects the Sri Lanka’s Information Technology market to grow over 15% in the next five years. London-based Business Monitor International (BMI) forecasts a Compound Annual Growth Rate (CAGR) of 15. 4 % for Sri Lanka IT market spending 2015-2019 with the market expected to increase to a value of Rs. 188.8 billion in 2019 (read more)
(Bloomberg) — Google Inc. plans to offer U.S. mobile-phone services on a limited basis and said it will launch solar-powered planes in the coming months to bring wireless-Web access to unconnected areas elsewhere in the world. (read more)
Is email broken? – Rory Cellan-Jones
(BBC) US technology giant Apple has reported the biggest quarterly profit ever made by a public company. Apple reported a net profit of $18bn (£11.8bn) in its fiscal first quarter, which tops the $15.9bn made by ExxonMobil in the second quarter of 2012, according to Standard and Poor’s. (read more)
(AD) Toyota announced today that it is following Tesla’s lead and opening up more than 5,600 fuel cell and related patents to the rest of the automotive industry for royalty-free use. (read more)
Instant translation of foreign languages on Skype has moved a step closer.
(BBC) Microsoft’s launched a test version of the Skype Translator which decodes conversations in Spanish and English in real time. It means that during video calls people who speak those languages will be able to talk freely.
(Bloomberg) Just as the Prius has established itself as the first true mass-market hybrid, Toyota hopes the Mirai will one day become the first mass-market hydrogen car (read more)
(Biz AD) Global software development company, IFS announceditspartnershipwith the University of Moratuwa to establish anIFS Endowed Chair for Innovation and Entrepreneurshipat the University of Moratuwa (read more)
(Businessweek) Perhaps you’ve heard: There’s a whole world of technology that has nothing to do with Facebook, Snapchat, the Google buses, or Peter Thiel.. (read more)
(NW) Professor Stephen Hawking has become the most recent high-profile expert to speak out about the dangers of artificial intelligence (AI), telling the BBC that developing it fully “could spell the end of the human race”. (read more)
(NW) Researchers at the University of Washington have created a contact lens with an LED display built into it. Whilst at present the contact lens device has only a single pixel of information, the researchers say it could be developed to display more complex information such as emails, creating a Google Glass-like contact lens, just one third of a millimeter in diameter. (read more)
BRUSSELS (Reuters) European Union lawmakers overwhelmingly backed a motion last week urging anti-trust regulators to break up Google, the latest setback for the world’s most popular Internet search engine.