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Industry News

Monday, June 05, 2017
Wavestone Look Into the Possibilities of Blockchain
After attending the GSA Public Sector day earlier in the year, Wavestone look into the potential of Blockchain after being inspired by its disruptive capability and mysteriousness.

PMI Figures Threaten Slowing Economy
UK services PMI figures have arrived and they are looking weak. The expectation of 55.0 (anything above 50.0 indicates growth) proved an unreachable summit as the index creeped in at 53.8 for May. Not great news for the stability of the Pound which is likely to fluctuate over the next week as the election reaches its final stage.

BA Shambles Highlights Importance of Implementing Best Practice
Spending a holiday stuck in the departure lounge of an airport is not anyone’s idea of relaxation. Sadly, a massive IT fault left many passengers of British Airways (BA) in this exact situation, with the company blaming the fault on a power spike at its outsourced IT division in India.

Wednesday, May 31, 2017
KPMG strengthens its ties with FinTech sector through the acquisition of Matchi
The recently completed deal cements the relationship between the two companies which has been active since 2015.

BA Boss denies outsourcing was the root cause of their latest woes
British Airways CEO Alex Cruz has explained what went wrong in the catastrophic IT meltdown which caused chaos for hundreds of thousands of passengers – and claims it was nothing to do with outsourcing.

Thursday, May 25, 2017
Only a Year Away
The General Data Protection Regulation (GDPR) will introduce tougher rules on processing personal data, and place businesses under a raft of new duties, including obligations to carry out data protection impact assessments, maintain records of the steps they take towards compliance, and report major data breaches.

Wednesday, May 24, 2017
Sri Lanka and South Korea Strengthen Ties
The Minister of Foreign Employment of Sri Lanka, Thalatha Atukorale, discussed cooperation in the employment sector in relation to Sri Lankan workers under the Employment Permit System (EPS) in the Republic of Korea.

Monday, May 22, 2017
Sri Lanka Granted GSP Plus Status by European Commission
The European Commission, the legislative body of the European Union, has granted GSP Plus status to Sri Lanka, giving the country access to the EU market under the special scheme.

Thursday, May 18, 2017
Travis Perkins select Mitra Innovation as their partner to implement a WSO2-based Cloud Integration
Mitra Innovation – a UK, Sri Lankan and Australian based company specialising in SaaS technology platform incubation, digital transformation and Cloud-to-Cloud integration has begun work with a new UK client in the building supplies and DIY industry: Travis Perkins.

Monday, May 15, 2017
Sri Lanka exempts income tax on IT and BPO
Sri Lanka’s Finance minister announced some features of the new Inland Revenue Act which include income tax exemptions for IT exports, waste management, entrepôt trade and other sectors while imposing capital gains on real estate.

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