Category: Technology

Jan 09, 2007 (LBO) – Nigeria’s EcoBank has adopted a software product developed by Sri Lanka’s Interblocks Ltd to issue credit cards, officials said Tuesday. Interblocks ‘iCard system’ a multi card issuing and acquiring management and processing solution is now being used to issue local MasterCards in local ‘Naira’ currency. “EcoBank is one of the […]

NETANYA, Israel, Jan 8, 2007 (AFP) – Have you ever wondered if someone you are chatting to is telling the truth?New lie detector software from high-tech powerhouse Israel says it can show you — across the Internet. “We tested it with the (former US president Bill) Clinton speech about his relationship with his intern Monica […]

Jan 08, 2007 (LBO) – Sri Lanka Telecom trade unions including non executive technical staff are threatening to go on strike next week, if the telecom giant fails to sort out salary anomalies, promotions and restrict short-term contracts. The union official says the company had not yet granted 17.5 percent, 20.0 percent or 25.0 percent […]

Jan 04, 2007 (LBO) – Sri Lanka’s Millennium Information Technologies says they have designed an implemented an automatic stock trading system for the Tanzanian Stock Exchange within a record two months. The new Automated Trading System and the Central Depository System (CDS) moved the Dar es Salaam Stock Exchange’s (DSEs) trading from an open outcry […]

SINGAPORE, Dec 28, 2006 (AFP) – The chaos in Asia’s Internet service sparked by an undersea earthquake shows the region’s cable network is too fragile and overly reliant on connections to the United States, industry observers said Thursday. Millions of people across Asia were enduring a second day without full Internet services after a 7.1-magnitude […]

HONG KONG, Dec 27, 2006 (AFP) – Internet and phone services were disrupted across much of Asia on Wednesday after an earthquake damaged undersea cables, leaving one of the world’s most tech-savvy regions in a virtual blackout.“If there is too much traffic on that route, it might get blocked up and further slow down Internet […]

December 21, 2006 (LBO) – Sri Lanka has started to digitize the issue of birth, marriage and death certificates, which has cut processing time to as little as ten minutes, officials said. Mooted by the Information Communication Technology Agency or ICTA last year, the project has already digitized around 2.2 million birth certificates belonging to […]

December 21 (LBO) – Trade unions of telco giant Sri Lanka Telecom have threatened to go on strike together with other public sector unions, if a wage dispute is not settled by December 28. Unions representing about 6000 non-executive workers at the state telecom giant have demanded a 17.5 percent wage hike for non-executive grades, […]

Dec 20, 2006 (LBO) – Capital Maharaja, a unit of the privately held media house the Maharaja Group, has tied up with Tokyo based media group, to digitally deliver television content via broadband to Sri Lankan diaspora in Korea and Japan. Capital Maharaja group’s e-commerce and internet arm RaiderTech penned the deal on Wednesday to […]

December 12, 2006 (LBO) – Lanka Bell, one of Sri Lanka’s privately held wireless telecom operators, has tied up with India’s FLAG Telecom to lay an undersea cable linking both countries. FLAG owns and manages an extensive optical fibre network spanning four continents and connecting key business markets in Asia, Europe, the Middle East and […]

Dec 12, 2006 (LBO) – A new fibre optic undersea cable that connects Maldives to Sri Lanka will bring down international call charges from the Indian Ocean coral atoll, officials said Tuesday. The telco, which carries an AAA (lka) rating from Fitch Ratings Lanka, also has a share in Sri Lanka’s cellular market through its […]

December 11, 2006 (LBO) – Sri Lanka Telecom, is spinning off its directory publication division as a wholly owned subsidiary, the island’s biggest fixed line operator said Monday. Japans Nippon Telegraph & Telephone Corp. or NTT controls 35.2 percent of SLT, the Sri Lankan government owns 49.5 percent and the public 15.3 percent. SLT Publications […]