News

IronOne Technologies sweeps the board with five awards at NCE Awards Night 2017

September 2017

IronOne Technologiesbagged five overall awards at the recently-concluded Annual Export Awards 2017, conducted by the National Chamber of Exporters of Sri Lanka (NCE).

IronOne Technologies Co-Founder and Chief Executive Officer was once again feted with the prestigious Most Outstanding Female Exporter of 2017 while IronOne’s committed leadership efforts in shaping Sri Lanka’s IT product innovations sphere was honoured with three gold awards - Gold Award for Most Outstanding Mid Market Company of the Year 2017 (all sectors), Gold Award for Most Outstanding ICT and Professional Services Company of the Year 2017 and Gold Award for Most Outstanding ICT and Professional Services Company in Mid Market Category of the Year 2017. With these metals, IronOne Technologies was able to win the overall ICT professional sector at the annual exports awards night.

IronOne Technologies also won the Memorial Patrick Amarasinghe Challenge Trophy – the final award of the evening. The prestigious accolade was awarded in the memory of late Deshabandu Patrick Amarasinghe, Founder President of the National Chamber of Exporters of Sri Lanka, who was a pioneer in promoting entrepreneurship in Sri Lanka and steered the chamber to initiate the Annual NCE Export Awards Scheme in 1992.

The Annual Export Awards, Sri Lanka’s prominent business event related to exports, was held on 29th September at the Hilton Colombo with Prime Minister Ranil Wickramasinghe as the Chief Guest. The event which celebrated its 25th anniversary this year has achieved national significance over the years due to its high standard and professionalism in its endeavour to recognize and reward excellence of Sri Lankan exporters in the international market place.

IronOne Technologies currently operates globally across 15 countries with direct offices in Sri Lanka, Malaysia, Singapore, India and USA. It has successfully collaborated forming international partnerships with leading companies in the telecom sector such as Maxis in Malaysia, Robi Axiata in Bangladesh, SingTel in Singapore and XL Axiata in Indonesia.

ATrad stock trading platform becomes a CodeSign trusted Application Solutions Provider

September 2017

IronOne Technologies has announced that its Next Generation Online Trading Platform ATrad has been awarded ‘CodeSign verified trusted Windows OS™ Application’ certification, implying that ATrad desktop clients can accept push updates from its servers and update the application seamlessly without any user intervention.



Photo Caption : The driving force behind ATrad

IronOne Technologies is now one of a few companies in Sri Lanka to hold the CodeSign verified trusted Windows OS™ Application certification.

ATrad is a sophisticated solution that facilitates stock trading for Advisers and Investors and has the added capability to act as back-end solution for brokers.

A ‘CodeSign verified’ certification effectively secures all types of Windows-based application code and software with digital signatures, offering secured interactions with the ATrad application suite.

Rajitha Kuruppumulle, IronOne Technologies’ CEO Asia Pacific stated: “This certification further entrenches the trustworthiness and reliability of the ATrad application.

It is a testimonial to IronOne’s commitment to offer the broker community a complete trading, back office, accounting and margin trading solution.

As endorsed by some of the leading trading firms in the country, ATrad has simplified the world of online trading and we will continue to add greater value to the application.”  

ATrad is geared to effectively support and align with the Colombo Stock Exchange’s requirements, including those introduced with the new CDS system, ensuring a seamless experience for clients.

It offers support for multiple classes of assets, easily encompassing the CSE's two currently-offered asset classes - Debt and Equity. In addition, the ‘Risk Manager’ function is capable of providing a comprehensive risk management solution to broker firms, allowing them to adapt smoothly to the Delivery vs. Payment (DvP) settlement system that the stock exchange will require.  

With the drive to encourage foreign investment, both by the CSE and stockbroker firms, ATrad’s ability to handle orders placed by third parties with ease, using their own systems and receiving backward status updates in real-time, is a valuable feature.

Clients have commended the complete functionality for mid and back office operations offered by the solution as well as its seamless integration with third party ERP solutions.

The application’s interoperability ensures that it works well with leading front-office software so that firms can transition with minimal disruption to their day-to-day operations.  

ATrad is the preferred trading solution offered to investors by many broker firms in Sri Lanka, with the most number of clients on an online trading platform.

Some of the nation’s leading broker firms feature on ATrad’s list of clients.

IronOne to set footprint in 3 countries

October 2016

Ironone Technologies, a software design, development company is eyeing to lay its footprint in South Africa, Norway and Argentina, its Chairperson, Lakmini Wijesundera said. She told the Busienss Times on the sidelines of the 'Ring the bell for the SheTrades initiative' at the Colombo Stock Exchange (CSE) on thursday that the Sri Lankan mobile software solution company whitch has ofiices in USA, Malaysia, Singapore and Sri Lanka and partner offices in 15 countries will expand to palce where the London Stock Exchange (LSE) is at, as Ironone has a system that runs side by side with the LSE system. Further explaining this, she  added that CSE trading platform's main backbone is from LSE and that Ironone supports the frontend of this platfrom. "So the LSE has 14 countries that in and we aim to also set up in those countries."   

Through the SheTrades app, women entrepreneurs are able to share information about their companies, increase visibility, expand networks, connect and internationalise. SheTrades, launched by International Trade Centre’s (ITC) Women and Trade programme which aims to connect one million women entrepreneurs to market by 2020, also helps corporations to include more women entrepreneurs in their supply chains. ITC’s work is premised on the evidence that trade can be a powerful lever for economic resilience and transformation when women have the opportunity to fully participate, ITC Executive Director Arancha González at the CSE’s bell ringing ceremony told participants who were mostly women leaders, that “In a survey of firms across 20 countries ITC found that only one in five exporting companies is owned by a woman and it makes so much sense when they are empowered economically.” Sujeewa Senasinghe, State Minister of International Trade speaking at the event said that SheTrades will assist to provide a stronger trade incentive to push forward growth in Sri Lanka and a significant facet of that is encouraging women to be part of the formal workforce.

Latest data show that about 34 per cent of women are part of Sri Lanka’s formal workforce even though women make up an estimated 52 per cent of the country’s workforce. Data from the Census and Statistics Department shows that unemployment rates are nearly double for women and significantly higher than the 4.2 per cent national average. These numbers have stayed consistent for many years showing the embedded structural anomaly in Sri Lanka’s economy.  While successful on several development indicators, Sri Lanka has the 20th largest gender gap in labour force participation globally, which impedes the country’s goals for growth and equity, analysts say.  While Sri Lankan women are educated and live longer many do not work outside the home partly due to a skills mismatch – a disparity between the skills women attain and what the market demands or will pay for, some participants at this event opined. They added that the other main reason is the lack of adequate childcare facilities. (DEC)

Sunday Times

IronOne Technologies selected to the 'Most respected entities list by the popular and prestigious LMD Magazine

August 2016

 Most Respected Profile 65

We are pleased to announce that IronOne Technologies has been selected to the 'Most Respected Entities 2016' list by the popular and prestigious LMD Magazine.

The first, second and third overall ranked companies in the list are John Keells, Commercial Bank and MAS Holdings with a total of more than 130 companies selected.

IronOne Technologies has received a Gold award and are ranked fourth in the Technology category. Virtusa, Millennium IT (A subsidiary of London Stock Exchange), WSO2 being the top three technology companies. Only 7 technology companies have found its way and been selected to be recognized in the most respected entities ranking out of over 500 technology companies operating in Sri Lanka.

An organically grown IT solutions company IronOne Technologies counts local blue chip and global Fortune 500 companies as its clients. It employs a multinational staff, in four Global offices. Despite a growing International presence, it’s global technology and innovation centre remains rooted in Sri Lanka.

Most Respected Entities 2016

LMD

NDB Securities (NDBS) recently announced the launch of Sri Lanka's first direct order routing facility
24th August 2015
NDB Securities (NDBS) recently announced the launch of Sri Lanka’s first direct order routing facility for equities traded on the Colombo Stock Exchange (CSE). Using Bloomberg’s Execution Management System (EMSX) and IronOne’s ATrad Order Management System (OMS), NDBS will provide global investors direct access and immediate execution of stocks traded on the CSE.
 
“The Integration between Bloomberg Execution Management System (EMSX) and the ATrad Order management system (OMS) will ensure the seamless channelling of market orders and speedy execution,” said Lakmini Wijesundara. Chief Executive Officer of IronOne Technologies Ltd. “The result is a fully automated process with minimum human intervention.”
 
The collaboration of NDBS, IronOne and Bloomberg sets a new standard for investment execution and underscores our commitment to furthering the growth of Sri Lanka’s financial sector,” said. Prasansani Mendis, Chief Executive Officer of NDB Securities Ltd.  
 
 
 

IronOne Technologies Ltd. is an enterprise services provider with offices in USA, Sri Lanka and Malaysia with a global coverage of over 15 countries across all continents. The ATrad Capital Market solution is a leading platform in Asia Pacific and has the biggest market share in Sri Lanka.

IronOne launches 'ATrad Mobile' for secure access to CSE trading

1st February 2015
IronOne Technologies launched 'ATrad Mobile' for busy investors to access the Colombo Stock Exchange for real-time market information and to trade securely via their smartphones.

'ATrad Mobile' has easy to use stock trading features and capabilities that allow clients to securely trade stocks, track and manage portfolios and market movements, as well as analyse industry research and trends.

IronOne Technologies Chief Executive Officer Lakmini Wijesundera said: "The launch of ATrad Mobile is timely because the CSE has encouraged the industry and all the broker firms to adopt new technology trends to be ready for global investment opportunities.

"ATrad Mobile expands accessibility beyond the traditional desktop or laptop. In Sri Lanka alone there are nineteen million mobile phone subscribers while the number of desktops or laptops lag around six million. Therefore, easy mobile access immediately opens up CSE trading and market access by more than ten fold."

 "Globally too, similar trends apply in terms of desktops and laptops vs mobile devices penetration and hence we are excited to see the boom in CSE trading," she added.

"We expect that this new offering will open access to an expanded audience including the younger generation and busy executives who essentially need access while on the go."

ATrad Mobile's innovative technology has a plug and play approach and is easy to start using as it works on any type or size of mobile device such as an iPhone, iPad, Android phone, Android Tab or a Windows phone among others.

ATrad Mobile's easy navigation features and its keen attention to global design trends help clients to access up to the second market data effortlessly and instantly. Investors can now have a quick view of their personal portfolio with the present valuation based on the actual stock values as per CSE. No more guessing or assumptions are needed. The latest portfolio value is literally at the user's fingertips while on the move. The users of ATrad Mobile will have total control of their orders and the status of their orders with real-time updates from the CSE.

IronOne Technologies Chief Operating Officer Rajitha Kurupumulle said ATrade Mobile delivers an innovative mobile trading tool with the ultimate in simplicity to make online investing faster, easier, and more powerful.

ATrad is the preferred trading solution offered to their investors by many broker firms in Sri Lanka including NDB Stockbrokers, Sampath Securities, Candor Equities, CT Smith Stockbrokers, Asia Securities, Navara Securities, Capital Trust Securities, First Guardian Equities, Assetline, LOLC Securities, Lanka Securities, First Capital, Serendib Securities, Taprobane Securities, Enterprise Ceylon Capital, and Nation Lanka Equities.

 

 

ATrad DC product Launch

19th December 2014
Ironone Technologies held a grand product launch and the cocktail event on Friday, the 19th December 2014 at the Cinnamon Grand.

At this event Ironone launched the revolutionary product for the Colombo Stock Exchange Member’s to utiize for their internet enabled Stock Trading activities… The solutions is built with Sri Lankan Engineering talent combined with the global expertise and experience gained by Ironone and it’s professionals through the years. 

IronOne Technologies revealed the exciting new capabilities of ATrad at this exclusive gathering held for leaders of key stockbroking firms operating in Sri Lanka and other eminent partners in the business community.

Internet based stock trading is the trend of the future, Ironone’s offering is positioned to increase awareness and enthusiasm of trading at the ease of your office or home with total control. It also spear heads the ability for Colombo Stock Exchange ( CSE) to promote trading by foreign funds and investors to boost the Trading volumes.  

ATrad, a sophisticated solution developed by IronOne that facilitates stock trading for investors as well as having the capability to act as back-end for brokers, has already gained acceptance and appreciation amongst clients as a browser-based platform over the last eight years. ATrad Desktop, the new desktop application, which will be showcased at the forum, adds to existing strengths the capacity for superior speed and functionality by leveraging advanced technical frameworks. This provides a range of options for those who wish to carry out research in order to assure their customers of the best returns through verifiable analytics.

In either form, ATrad is geared to effectively support and align with the Colombo Stock Exchange’s requirements, including those introduced with the new CDS system, ensuring a seamless experience for clients. It offers support for multiple classes of assets, easily encompassing the CSE's two currently-offered asset classes - Debt and Equity. In addition, the ‘Risk Manager’ function is capable of providing a comprehensive risk management solution to broker firms, allowing them to adapt smoothly to the Delivery vs. Payment (DvP) settlement system that the stock exchange will require.

With the drive to encourage foreign investment, both by the CSE and stockbroker firms, ATrad’s ability to handle orders placed by third parties with ease, using their own systems and receiving backward status updates in real-time, is a valuable feature.

Many leaders of the Capital markets industry in Sri Lanka came forward with client testimonials of their satisfaction of the services rendered by Ironone and ATRAD and also brought to light specific highlights of the product innovation. Clients have commended the complete functionality for mid and back office operations offered by the solution as well as its seamless integration with front-office software. The application’s interoperability ensures that it works well with leading front-office software so that firms can transition with minimal disruption to their day-to-day operations. Over fifteen highly regarded broker firms in the country have benefitted from the advantage of ATrad harnessing local talent to create the platform, ensuring that the intricacies of the Colombo Stock Exchange’s system are understood and catered for. 

The event which was compered by Mr Arun Dias Bandaranaike and Ms Dinasha Stephens. Ironone and ATRAD Desktop was introduced along with the client testimonials of ATRAD. Thereafter CEO of IRonone Technologies addressed the gathering and the event was followed by cocktails. 

Fridays event was attended by the CEOs and key senior management of the CSE member companies with a high attendance with CEOs of Capital Trust Tushan Wickramaratne, CEO or Candor Ravi Abeyratne, CEO of NDB stockbrokers Prasansini Mendis, CEO of Taprobane Securities Niranjan S Niles and many others along with senior management attended the focused audience invitation event.

ATrad Desktop is introduced to the CSE member firms

July 2014
ATrad Deskop based trading platform uses the most advanced technical frameworks to take advantage of the leading technologies for it's superior speed and funcitonality offering.

The solution seamlessly handles 3rd party order placements such as Bloomberg and other foreign orders with a flexible business flow. With CSE and Brokerfirms launching overseas campaigns to promote order placement by foreign parties as a core requirement to strengthen the CSE, ATrad is supporting such drive directly making it easy for foreign parties to place orders with the ease and comfort of their own systems without changing the way they work while the orders are sent through ATRAD and it's order validation process for execution to the CSE and backward status updates in realtime to the foreign party placing the orders.

Omnibus accounts are supported in this solutions. In the event that foreign counter parties require to send batches of orders such facilities too are available with direct excel sheet uploads and validations carried out as well as many other critical facilities to help with foreign counter-party order handling.

It also handles advanced order handling and management such as stop-loss orders, conditional order, bracket orders, cover orders and a host of bulk order placement and other features which are essential in the DVP enabled environment with sell check disabled securities.
 

ATrad announces it's DVP enabled CCP supported solutions

June 2014
The upgraded ATrad solutions are offered to the CSE member Broker firms. The solution is also enabled with multi asset class support which support CSE's currently offered two asset classes Debt and Equity.

The Risk Manager is the latest entrant to the ATrad solution stack and is enabled to provide a comprehensive risk management of Broker firms in the upcoming DVP enabled environment.

ATrad Solution stack is a powerful solution with over 15 broker firms using it's comprehensive systems.

First Capital Equities launches IronOne's ATRAD Broker Back Office for automation of its' business

March 2014
First Capital Equities (Pvt) Ltd, selects IronOne Technologies' "ATrad" Broker Back office solution for automating and upgrading the Broker back office operations at First Capital. ATrad is the leading Broker back office solution in Sri Lanka with over 8 implementations to date.

The ATrad Broker Back office provides a comprehensive set of features to automate the business processes of a broker firm from the customer application stage through to the complete customer life cycle. The broker back office is able to deploy secure access to all it's staff including those located at remote field offices for completing the stages of business process flows through this system and therefore maintains customer competitiveness. This technologically superior product uses Java JEE technology with Oracle database back end for its technology solution.

"The Back office is almost the most vital aspect of the brokerage operations. While trade is the backbone of a securities firms' business, it is the back office that keeps track of the relationship and delivers the accounting and settlement that completes the deals. The solution provided to First Capital offers complete functionality for mid and back office operations and integrates seamlessly with its front office software that has direct market access. The software is high on inter-operability and works well with leading front office software. The package is ideal for retail and institutional broking houses dealing in equities, and other instrument segments," said Mr. Tiranjan Bulankulame, Vice President of IronOne's stock market solutions division.

Seedantha Kulatilake, CEO of First Capital Equities, also stated that "The ability of IronOne Technologies to successfully migrate our Back Office system (Stockpro) data to the ATrad system, together with the automation of trade confirmations, portfolio reports, recording rights issue transactions and its reputation in the market for continuous system support were key attributes for the selection of IronOne as our preferred Back Office platform provider."

Lakmini Wijesundera, CEO Asia Pacific of IronOne Technologies stated "We are pleased to extend our services to First Capital Equities. This is indeed a testament of the trusted and reliable service IronOne's ATrad has provided to the broker community being the only firm in the country that offers the complete trading, back office, accounting and margin trading solutions to our clientele."

IronOne Technologies provides software solutions such as online trading, broker back office and margin solutions. Our stock market solutions products have been servicing the Capital markets in Sri Lanka for over 10 years and its Back Office business holds the largest market share in the Country. It also has enterprise and mobile solutions for Banks, Insurance, Telecom and general corporations, which are available on Apple iPad, iPhone and Android mobile device.

ATrad introduces launch pad for self-service online trading

May 2012
ATrad has now unveiled an online website to help those new to investing and also for those who are already investing in the stock market to understand the facilities available for self- service online trading and portfolio management in a nutshell. This is yet another first by IronOne Technologies’ ATrad Stock market solutions business unit. The http://www.ATrad.lk Web Link directly takes the user to a wealth of information available online.

The ATrad site clearly addresses the needs of those ‘new to online trading’ and those ‘already trading and needing more assistance on how to use the online facilities’. The objective of this site is to provide user-friendly information to the general public regarding investing online on the stock market and specifically CSE.

For the general public who have not yet stepped into online trading themselves and therefore being potential investors who are new to online trading, the ATrad site provides a comprehensive coverage of queries that such a new potential investor to the CSE may have. It is done by also listing a simple 3-step process of all the measures required to start trading on the CSE, including direct download links of the application forms needed to be filled in. Thereby potential investors can simply walk through this simple setoff steps and start trading…

The ATrad site makes it easy for the general public with direct links to the online trading platform login page for the ATrad featured broker firm. ATrad is featured with 15 broker firms such as Heraymila, First Guardian Equities, Assetline Securities, Taprobane Securities, NDB Stockbrokers, First Guardian Equities, Capital Trust Securities, SMB stockbrokers, Lanka Securities, SKM Lanka Holdings, SC Securities, Claridge Stockbrokers, etc.

Lakmini Wijesundera, CEO of Asia Pacific, IronOne Technologies stated "Atrad’s key ambition has always been to simplify the world of online trading, and from its clearly laid out and straight-to-the point website you can gather that simplicity, clarity and professionalism is what drives this business.  We at IronOne, identified the need for such a site, which will educate the general public and potential investors. This was a vacuum that we identified where potential investors didn’t have a single point to visit to get guidance on specifically online trading. With online trading you have the ability to be in control of your portfolio yourself".

Tiranjan Bulankulame, VP of Stock Market Solutions at IronOne Technologies, ATRAD stated "The ATrad website features an Education Centre, which is a growing repository which explains fundamentals of stock market trading." He further added, " The education center’s is built with the objective of enabling current investors of the CSE to be more diligent and thus improving the integrity of stock markets where ATrad users trade in. We will be expanding this section over the coming months".

Source: 10th May 2012 – The Island News Paper

Smooth transition for IronOne's ATRAD online with the CSE

March 2012
When the Colombo Stock Exchange upgraded its Automated Trading System with Version 7 on the 24th of February, IronOne Technologies was at hand to ensure that the online traders were not out in the cold. With a simultaneous launch at all 15 brokerage houses where ATRAD is currently in use, IronOne transited to its upgrade FIX 5.0/FAST Protocol to the greater satisfaction of all its clientele. The ATS 7 is a sophisticated system with many new functions, and, IronOne's platform integrated them easily in FIX 5.0/FAST version of the ATRAD, the company said in a statement.

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Top stock market solutions provider IronOne in major expansion

August 2011
Sri Lanka's leading stock market software solutions provider IronOne Technologies has announced a series of new developments including significant enhancements to its product offering, tie-ups with new clients, strategic collaborations and plans for expansion.

Two of the major stock broking houses in the country have recently entered into agreements to adopt IronOne's instantly-deployable, industry-leading 'ATrad' Solutions Platform increasing the application's local market share to nearly 35 per cent. Discussions are being held with several other broking houses that are also expected to deploy ATrad in the near future, the company said.

Alongside these developments, the groundwork has been laid for the release of the new ATrad 'Next Generation Online Trading Platform,' which when launched in September 2011 will represent unparalleled enhancement of convenience to investors, IronOne's Vice President Stock Market Solutions Tiranjan Bulankulame said.

An array of education and research tools, fundamental and technical analysis tools, customisedwatch lists, charts and a market ticker tool, risk management tools, account summary information,corporate news and announcements and a message board are among the enhanced features.

Due to the large number of customisable options the new ATrad platform is ideal for investment advisors, high-end investors and retail investors alike, he said. In addition, the application supports all browsers, can be installed without downloads and its features updates will be available to all users free of charge.

In yet another important enhancement to its innovative product portfolio IronOne has launched the first version of ATrad Mobile, an application which enables investors to view their portfolios, account summaries and the performance of specific stocks on their mobile phones by creating a customised watch list and sending transaction alerts to their brokers via text messages, without the hassle of downloads.

ATrad Mobile is currently being deployed by NDB Stockbrokers and the public will be able to witness the full range of its benefits at an upcoming forum on the stock market, Mr. Bulankulame said.

"These developments will complement the growth of the Colombo Stock Exchange which is internationally recognised as one of the best performing stock exchanges in the world," he said. "Sophisticated fundamental and technical analysis as well as the education and research tools offered by the company through its applications support the use of analysis by investors and promote the evolution of Sri Lanka's stock market into a more research-driven market."

The company has also taken steps to introduce significant enhancements to the next version of ATrad Mobile including features enabling investors to trade through their mobile phones and to create multiple watch lists to monitor performances of their favourite stocks. As more people have access to mobile phones than to computers in Sri Lanka, these enhancements will significantly facilitate online trading Mr. Bulankulame added.

Leveraging its international presence IronOne has also taken steps to promote foreign investments in the Sri Lankan stock market by appointing agents in the UK and Canada and collaborating with Lanka Stock Connect. IronOne is also holding discussions to install several ATrad enabled terminals at a popular restaurant.

IronOne Technologies also offers products supporting margin trading and back office systems of brokerages and has a product portfolio which covers 'InfoSense banking' a business Intelligence solution for banks, and specialised mobile technology solutions including iPhone and Blackberry device support. Among users of IronOne's ATrad Solutions Platform are, Capital Trust, NDB Stockbrokers, Heraymila Securities, CT Smith Stockbrokers, Assetline Securities, SKM Lanka Holdings, Taprobane Securities, First Guardian Equities Pvt. Ltd. and Claridge Stockbrokers. IronOne Technologies is a privately owned company with offices in Austin Texas USA and Colombo Sri Lanka. The company is a Gold-certified Microsoft Partner and also a Sun certified partner.

Capital Trust Securities ( ATrad online trading firm) ranked No. 1

March 2011
Capital Trust Securities is a premier ATrad Online Trading Client has been ranked No 1 in terms of Turnover of shares transacted, turnover of brokerage fees and number of transactions executed in Colombo Stock Exchange (CSE) The Colombo Stock Exchange (CSE) is ranked No.2 among the best performing stock markets in the world.

Source: 21st  March 2011 – The Island News Paper, 15th March Daily news, Financial Times

International Recognition for First Guardian Equities ( ATRAD Online Trading firm).

January 2011
We congratulate our client First Guardian Equities who won the prestigious CQE Century International Quality ERA Award in the Gold Category in a ceremony held at the International Quality Convention in Geneva. ATrad is proud to be the Online Trading Solution provider of First Guardian since 2006.

Source: 22nd March 2011 – The Island News Paper, Asian Tribune, Adaderana, Lanka Business Online, Financial Times