Category: Technology

June 5, 2006 (LBO) – Sri Lanka plans to expand its mobile phone market to five players, in a bid to bring down costs of telephony, the telecom regulator said Monday. Sri Lanka’s mobile market had grown 53.5 percent to 3.34 million customers as at end 2005, according to TRC figures. The island’s cellular penetration […]

May 22, 2006 (LBO) – Sri Lanka Monday offered mobile operators the chance to set up a next generation or third generation mobile phone network, with aim of offering high speed wireless services, the telecom watchdog said. Mobitel, a unit of Sri Lanka Telecom, is expected to start test runs on 3G as early as […]

May 19 (LBO) – Dialog Telekom, a unit of Telekom Malaysia, Friday kicked off a 150 million dollars expansion drive to grow its mobile and broadband business in Sri Lanka. For the three months to March 31, Dialog’s net profits soared 39 percent to 2.39 billion rupees, while revenues jumped 55 percent to 5.95 billion […]

May 18 (LBO) – Software solutions company KingsLake together with Progress Software Corp., launched a new version of its Open Edge software on Wednesday to speed up day-day business applications. Open Edge Software Version 10.1 is what is called an Integrated Development Environment (IDE) to develop business solutions for modern business logics. The software is […]

May 17 (LBO) – Expensive telephone calls and tough labour laws could scare off multinational companies eyeing Sri Lanka as a possible destination to outsource business. South Asia has some of the highest firing costs in the region and Sri Lanka stays on top for rigid labour laws and high severance pay, a World Bank […]

May 15, 2006 (LBO) – Sri Lanka Telecom (SLT) said Monday, group net profits for the first quarter of 2006 topped 1.3 billion rupees, despite continued losses from its mobile subsidiary and a levy on international calls. At the close of Monday’s trading SLT’s shares dipped 0.25 rupees or 1.9 percent to 13.00 rupees. -by […]

May 9, 2006 (LBO) – Sri Lanka’s Dialog Telekom’s net profits soared 39 percent to 2.39 billion rupees for the three months to March this year, boosted by expansion in international business and booming subscriber growth. Dialog is the largest mobile operator in Sri Lanka with over 2.30 million subscribers as at 31 March 2006 […]

May 08 (LBO) – Kobian Technologies tied up with Intel on Monday to launch a new tech platform that offers a leap in performance and graphics for mobile computers. Based on the The Intel® Centrino® Duo mobile technology, users can see a 70 percent gain in performance and 28 percent gain in power usage over […]

May 4 (LBO) – Sri Lanka plans to test the limits of smart digital mesh boxes to connect 30 rural homes onto the World Wide Web, officials said. Costing just under 30,000 dollars, this pilot project is initiated by the ICTA the government’s key IT agency is due to kick off in July, giving free […]

May 02 (LBO) – Fitch Ratings revised the outlook on Sri Lanka Telecom’s foreign currency debt to negative from stable, but said the rating of BB- remains unchanged. The revision followed a similar change in the outlook of the Sri Lanka’s sovereign rating. Both Fitch and S & P changed the outlook on Sri Lanka’s […]

Apr.25 (LBO) – Virtusa Corp., the U.S. based software development company, Tuesday announced plans to invest 15 million dollars to expand operations in Sri Lanka. The investment plans forms part of Virtusa’s strategy to invest 48 million dollars in Asia for the fiscal year 2006-7, which includes 33 million dollars in India. “Most of the […]

HONG KONG, Apr. 24 (AFP) – A long campaign to remove pirated goods from shop fronts in Asia is finally having an impact but the crackdown has also changed the nature of the problem and new outlets are flourishing.The results of police raids, a slate of new laws and increased prosecutions can be seen across […]