Cashew Apple Wine Cashew Apples, the fruit of the cashew is hardly used in Sri Lanka. A few of them will be eaten with salt and pepper.There is a lot of information on how to make cashew apple wine. I think this is a really great idea, especially if it is a local (small towns and villages) small scale operation. It would provide ...

Links: Chinese, US economic clout Just the linksHow China Covered The World (31 Countries) In "Liquidity Swap LinesEssentially, China has used bilateral swap agreements to help embed the yuan in international trade in the the post-crisis era. As you'll see below, counterparty countries have also tapped their yuan liquidity lines when they're cut off from dollar funding, making China a critical lifeline for bolstering FX ...

Intellect Design Arena recently announced that HDFC Bank of Sri Lanka is switching to Intellect’s Digital Core Platform. Digital Core is a platform wreathed in cryptic marketing copy “With a Single Source of Truth On Customer Data, Efficient Business Processes as well as Business Agility” but  in a nutshell, it seems to be a end to end platform for the ...

Accure, a small Swedish firm headquarted in Gothenburg, recently teamed up with Sri Lankan Creative Solutions. Accure’s field is in business process and integration solutions for ERPs;  Creative Solutions is to work on research and development for the Accure Application Suite, one of the 20-person company’s core products. “Accure selected Creative Solutions as our partner as we were impressed by ...

Guess How Old These IT Industry Leaders Are One of the funnier things to come out of Microsoft’s Build2015 developer conference was the HowOldRobot. The premise is simple: Upload a picture of yourself and the HowOldRobot will tell you how old you look. It went viral when some smart chap used it on Ultron’s face and tagged it “the Age of Ultron”. Now, we got curious. We don’t ...

Five years ago, today: Evicted and homeless Photo courtesy JDS On 8th May 2010, the Urban Development Authority (UDA) demolished 20 homes that were occupied by 33 families on Mews Street in Kompannyaveediya, Colombo 2. Families were informed verbally a month prior to the demolition that they will have to vacate their homes and served the same in writing only 3 days prior to the demolition. ...

US gets first licensed Bitcoin exchange Image taken from https://bitcoinmagazine.com In an interesting turn of events, New York’s Department of Financial Services granted the first license to a Bitcoin exchange, making it the first legally authorized Bitcoin exchange to customers across the country. The exchange, called itBit, essentially gives the company the ability to operate broadly in the U.S. In addition to this, itBit also announced ...

US-Based Money Transfer Service Partners With Sampath Bank Xoom is not a name we’re accustomed to hearing in this neck of the woods. The Cliffnotes version: they’re a San Francisco-based money transfer service, begun in 2001 and now operating in 33 countries. Its primary business is letting foreign workers sent money back to their homes. The Wall Street Journal listed it in 2012 as “The Next Big Thing”. ...

Facebook In The Press: Partnerships With IBM And More Facebook’s been in the news a lot lately: from their new campus to India’s outrage over Internet.org, there doesn’t appear to be many topics in which Zuckerberg’s name doesn’t pop up somewhere. Good news for Internet.org: Facebook’s just opened up the platform for everybody, and not just the 33 sites that were initially reported to be free for access. In a ...

Foursquare’s Swarm is bringing back stickers and mayorships Image taken from http://www.imore.com In the beginning, there was foursquare. And it was good. Then came Swarm. And it was confusing. You basically had two apps doing the work of one. With the original Foursquare, you could check in to places. This earned you badges and if you check into the same place on several occasions, and you’re lucky enough, you ...

Arjunan Mahendran and Central Bank Loss Costs LKR 12.5 Billion The whole Arjuna Mahendran Central Bank Fiasco explained very simply.Bottom line one is a minimum of LKR 12.5 billion lost to the country.Bottom Line two, no law has been broken, the beauty of high finance white collar crime.The Numbers:a) 1 billion was needed to roll over expiring bonds.b) Expected Interest Rate was 9.5% c) Instead 10 billion was accepted at ...

Yes, I visited a ghost city! A forty minute flight from Yangon in Myanmar took me to a place I would never imagine existed, until I saw it with my own eyes. Hambantota, our famous sanctuary for white elephants, simply pales in comparison to Nay Pyi Taw, a city the Myanmar Government built as its administrative capital, ten plus years ago. “We didn’t have a ...

Nokia Plans To Make Devices Again In 2016 Image taken from http://www.bizjournals.com According to news sources such as Re/code, Nokia is on the look out to reenter the market in 2016. The world’s once-largest mobile manufacturer apparently has business model in mind similar to what was planned for the release of the Nokia N1 tablet, which was essentially a brand licensing agreement with Foxconn. Foxconn would manufacture, distribute ...

The Central Bank Bond Controversy Revisited By Sam Samarasinghe and Dushyantha Mendis The Ministry of Policy Planning and Economic Affairs has on April 19 issued a press release announcing some findings of the three-member committee that Prime Minister Ranil Wickramasinghe appointed “to look into matters related to the 30-year bond issued on February 27” (PM’s special statement to Parliament, 17th March). The “findings,” however, instead ...

Zomato Acquires US Startup NexTable: Now Offers Table Reservations Image taken from http://www.technewstoday.com It seems Zomato has a seemingly unquenchable hunger. Just a week prior to raising a round valuing it at more than $1 billion and acquiring MaplePOS, a point-of-sale startup, they have made yet another acquisition. NexTable, a U.S.based company specializing in restaurant reservations and table-management platform, competing with the likes of Priceline’s OpenTable and SeatMe from ...

A Port City or a Garden City for Colombo? The call for full transparency regarding the negotiations that led to the Port City must be provided to the public, however the deliberations and resolution at a political level will take a ponderously slow pace. The information that is now before us, suggest that the entire ‘Port City’ project, was done on the whims and personal interests of certain ...

In our work on agricultural supply chains, we looked at how small holders could participate in export value chains because these were the most difficult cases and also where the money was. At least at the beginning of the adoption process, the greatest demand for ICT based innovation is likely to come from these supply chains. Air freight services are ...

Nokia To Buy Alcatel-Lucent For $16.6 Billion Nokia is in the news again. The Finnish company recently announced that they intend on acquiring Alcatel-Lucent for $16.6 billion. The merger would create jobs for more than 100,000 employees and almost $27.7 billion in revenue, rivaling Ericsson. The new company is expected to keep the Nokia brand, but will also keep Alcatel-Lucent’s Bell Labs name for its R&D ...

Previous Page