sri lanka

Sri Lanka central bank warns against use of cryptocurrency amid economic crisis

Sri Lanka has warned its citizens against using cryptocurrency, which it said is “largely unregulated” amid an ongoing political chaos in the South Asian nation. The country’s central bank, CBSL

Alibaba extends logistics arm to Pakistan for e-commerce unit Daraz

Cainiao, the logistics service operated by Alibaba, is launching two automated distribution centers in Karachi and Lahore as its first entry into Pakistan, it announced on Friday. Alibaba’s over

Taptap Send raises $65M to build cross-border remittances focused on the most underserved markets

Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part of how those living in developing countries, off t

How Western Union is fighting back against fintech startups

The saying goes that, “You can’t teach an old dog new tricks.” That may or may not be true, but at least one “old dog” is working hard to disprove that saying. Western Union has been operati

Facebook touts beefed up hate speech detection ahead of Myanmar election

Facebook has offered a little detail on extra steps it’s taking to improve its ability to detect and remove hate speech and election disinformation ahead of Myanmar’s election. A general e

Visa backs open banking and compliance platform Railsbank

Railsbank, the open banking and compliance platform, has picked up further investment, following the company’s $10 million Series A in September 2019. This time backing comes from Visa — a

Stanford’s Doggo quadrupedal robot and siblings Pupper and Woofer are coming to TC Sessions: Robotics + AI

Animal-like, four-legged robots have been a crowd-pleaser since Boston Dynamics’ BigDog, and Stanford’s Doggo shows how the technology can be made open source, accessible and educational.

Voter manipulation on social media now a global problem, report finds

New research by the Oxford Internet Institute has found that social media manipulation is getting worse, with rising numbers of governments and political parties making cynical use of social media alg

Indonesia restricts WhatsApp, Facebook and Instagram usage following deadly riots

Indonesia is the latest nation to hit the hammer on social media after the government restricted the use of WhatsApp and Instagram following deadly riots yesterday. Numerous Indonesia-based users are

A young entrepreneur is building the Amazon of Bangladesh

At just 26, Waiz Rahim is supposed to be involved in the family business, having returned home in 2016 with an engineering degree from the University of Southern California. Instead, the young entrepr

Sri Lanka blocks social media sites after deadly explosions

The government of Sri Lanka has temporarily blocked access to several social media services following deadly explosions that ripped through the country, killing at least 207 people and injuring hundre

Facebook removes hundreds of accounts linked to fake news group in Indonesia

Facebook said today it has removed hundreds of Facebook and Instagram accounts with links to an organization that peddled fake news. The world’s fourth largest country with a population of more

‘The problem is Facebook,’ lawmakers from nine countries tell Zuckerberg’s accountability stand-in

A grand committee of international parliamentarians empty-chaired Mark Zuckerberg at a hearing earlier today, after the Facebook founder snubbed repeat invitations to face questions about malicious,

Korean hotel firm Yanolja moves into Southeast Asia with $15M investment in Zen Rooms

Zen Rooms, the budget hotel network startup founded by Rocket Internet, had faced the deadpool earlier this year after a prospective funding deal collapsed, but now the business appears to have found

India’s BookMyShow pulls in $100M to grow its online ticketing business

BookMyShow, an online ticketing service for cinemas, theatres and sports in India, has pulled in $100 million in new capital for growth. The Series D round was led by private investment firm TPG Grow

Papua New Guinea threatens to close Facebook for a month to investigate its harmful impact

Facebook is proving problematic for many governments worldwide, but few would think to shut it down entirely. That’s exactly the approach that Papua New Guinea, the Pacific sea island nation lo

Google Loon To Cover Entire Country Of Sri Lanka With Internet

Google is working on many things, and that includes balloons that fly high in the sky to bring Internet infrastructure to locations that can’t be wired for it easily. Today, Sri Lanka announced

Google Expands Its Android One Initiative To Bangladesh, Nepal And Sri Lanka

Back in June, Google introduced its Android One program to improve the affordable smartphone experience in emerging markets. The project debuted in India in September, and it is making its first expan

ZipDial, The Missed-Call Leader In India, Adds Jungle Ventures To Seed Round And Launches In Sri Lanka

ZipDial, the company based in India that has turned missed calls into a business, has raised new funds from Jungle Ventures and launched its service in Sri Lanka. The company has clients like P&G