Category: Technology

April 12, 2008 (LBO) – Sri Lanka’s Electroteks which is to operate the island’s sixth mobile telephony firm with India’s Reliance says it will be offering stiff price competition to existing players. Updated Electroteks is to tie up with India’s Reliance Communications (RCom) to start mobile services. Electroteks chief B A C Abeywardene says the […]

April 11, 2008 (LBO) – Three channels of the ABC radio network would be on air from on April 15, a top official said. The Sinhalese ‘Hiru’, English ‘Gold’ and Tamil ‘Sooryan’ which is starting on next Tueday is part of a network of five radio stations that were closed by the government last year. […]

April 10, 2008 (LBO) – Sri Lanka’s long-delayed effort to automate cargo clearance is making some progress with import manifests being filed electronically along with tea export documentation, trade officials said. A trial run involving Sri Lanka customs and the Sri Lanka Ports Authority (SLPA) has been completed with shipping lines now filing import manifests […]

April 10, 2008 (LBO) – The open and distance education model adopted by Sri Lanka’s IT services company, Virtusa, will help students gain employable skills while conducting higher studies, company officials say. The Virtusa Placement Engineer Scholarship program supports students’ work-study approach to obtain a degree in Information Technology. The program provides eligible students with […]

April 09, 2008 (LBO) – Eureka Technology partners says it has become the first Sri Lankan firm to receive ISO 20000 certification.Eureka is an IT services firm providing information technology services to firms. The company says even India has only a handful of certified providers despite having a large number of IT service providers based […]

April 07, 2008 (LBO) – India’s Reliance group is getting into Sri Lanka’s telecom sector by forming a joint venture up with the island’s Electroteks group, a media report said. Reliance Communications (RCom) would take up a 74 percent stake in the proposed joint venture unit – Reliance Mobile Lanka – in which Electroteks owns […]

April 07, 2008 (LBO) – Sri Lanka’s ABC Radio network is hoping to get back on air shortly after authorities re-issued some of its licenses and frequencies, a top official said. The network ran five radio channels which were shut down by the government over a report it broadcast about Tamil Tiger activity in the […]

April 06, 2008 (LBO) – Sri Lanka is setting up an internet kiosk network in agrarian areas to help farmers identify crop diseases and find quicker remedies government officials said. “Farmers can go to a cyber unit with a disease affected leaf and show it to an officer there who will in turn take a […]

April 04, 2008 (LBO) –Intel has launched a new low-power chip which can be used in mobile devices and simple computers for internet surfing that it says would be useful in Sri Lanka’s e-governance initiative. Products like Intel’s Atom family of processors will help Sri Lanka achieve its goal of 60 percent computer literacy by […]

April 02, 2008 (LBO) – Malaysia’s Usaha Tegas (UT) group, which bought a 35.2 percent stake in Sri Lanka Telecom, is likely to make changes at the telecom operator only after a minority shareholder buyout is completed, officials said. The UT group which paid 299 million dollars to NTT Communications through Global Telecommunications Holdings (GTH), […]

April 01, 2008 (LBO) – Malaysia’s Usaha Tegas group bought a 35.2 percent stake in Sri Lanka Telecom for 300 million dollars making it the biggest deal in Sri Lanka’s capital market history and driving valuations to new heights. Usaha Tegas paid 50.50 rupees for 635 million shares of SLT from Japan’s NTT Communications valuing […]

April 01, 2008 (LBO) – Malaysia’s Usaha Tegas (UT) group said it was looking to provide management input to Sri Lanka Telecom (SLT) and work with its major shareholder, Sri Lanka’s government, after buying a third stake in the telco. The UT group bought a 35.19 percent stake in SLT through Global Telecommunication Holdings (GTH), […]