Category: Technology

April 10, 2007 (LBO) – Panora Corporation, a Sri Lankan computer firm, opened a 1.2 billion rupee manufacturing plant in Colombo to boost production of its own-brand computers for the local and regional markets. PCH Holdings which started ten years ago, now has interests in pharmaceuticals and healthcare, office automation, consumer electronics, software, audio visual […]

April 09, 2007 (LBO) – Open source middleware company, WSO2 founded by a Sri Lankan, is ratcheting up its marketing efforts in the United States and Europe after developing its own products, the company said. œWe’re at the point where we have passed the research stage and are now building markets, declared said Sanjiva Weerawarana, […]

April 09, 2007 (LBO) – Two Sri Lankan software and mobile phone technology developments meant to give warning and help relief efforts during disasters recently won international recognition. They are Sahana, an open source software programme developed by volunteers after the Asian tsunami to help find missing people and improve aid agency relief efforts, and […]

April 08, (LBO) – Telecom operators who rolled out rural networks in the last three years will get a five billion rupee refund of levies collected from every incoming international call minute. Incumbent Sri Lanka Telecom (SLT) will get the largest slice, boosting its 2nd quarter earnings by up to three billion rupees. Other telecom […]

April 08, 2007 (LBO) – Massachusetts-based Virtusa Corp., an information-technology services firm with operations in Sri Lanka, is seeking 92 million dollars through a NASDAQ listing. The underwriters for the offering were listed as JP Morgan, Bear Stearns & Co., Cowen and Co. and William Blair & Co. The company, headed by a Sri Lankan, […]

March 30, 2007 (LBO) – Sri Lanka added 16 more government department websites on the internet Thursday to make it easier for the public to get information, officials said. The websites, run by the Information and Communications Technology Agency (ICTA), are enabled in all three languages, Sinhala, Tamil and English. The government should increase its […]

March 28, 2007 (LBO) – The latest version of its securities trading system can execute more trades ten times faster than the previous one, software maker MillenniumIT said. The company is headquartered in Sri Lanka with offices in Boston, New Jersey, London, and Mumbai. The new version of the Millennium Exchange released this month has […]

March 23, 2007 (LBO) – A four-member committee has been appointed to study the proposed sale of Sri Lanka Telecom shares held by Japan’s NTT to a Malaysian firm, a cabinet minister said. Sri Lanka Telecom closed up 50 cents at 38.50 Friday. “The committee will have to study it and report back to the […]

March 21 (LBO) – Sri Lanka’s education ministry has tied up with tech giant Intel to give local schools computers and teacher training to boost technology levels and skills. Intel on Tuesday launched its one billion dollar, five-year ˜World Ahead’ program in Sri Lanka and is already in operation in 60 countries around the world. […]

March 20, 2007 (LBO) – A Malaysian firm has been given the go ahead to conduct a due diligence of Sri Lanka Telecom (SLT) ahead of a possible sale of a stake held by Japan’s NTT, the company said Tuesday. NTT Communications Corporation of Japan owns a 35 percent stake in Sri Lanka Telecom, but […]

March 19 (LBO) – Gloom over the spectacular telecom busts in the last decade has given way to a new round of optimism worldwide and the new mantra for the telecom industry is convergence. That optimism is driving change in Sri Lanka’s largest fixed line telecom firm, Sri Lanka Telecom (SLT). However a network overhaul […]

March 14 (LBO) – Seven suitors are chasing Sri Lanka’s wireless operator Suntel, but its parent Telia of Sweden may even consider a stock market listing in Colombo if a sale does not go through, a top official said. TeliaSonera, the holding company of Overseas Telia which owns Suntel, is among six firms listed for […]