Category: Technology

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 […]

Apr.19 (LBO) – Sri Lankan based software firm specializing in securities trading platforms says regulatory changes in the United States and Europe, is expanding the markets for their products. MillenniumIT which started with equities trading software, now offers fixed income securities trading with latest versions catering to commodity trading and futures contracts. In addition to […]

Apr.05 (LBO) — Cellular operator Mobitel (Pvt) Ltd hopes to double subscriber growth and plans to start test runs for third generation network next month, its chief executive said Wednesday. A fully owned subsidiary of Sri Lanka Telecom, the island’s largest fixed-line operator, Mobitel is on target to complete their US$ 140 to 150 million […]

Apr. 03 (LBO) – Computer sales in Sri Lanka are forecasted to grow 11 percent by 2011, largely driven by demand from public sector, telecom and financial sectors, an IT study released Monday said. In 2005, sales of new computers rose 11 percent to 102,208 in Sri Lanka, despite risky peace talks and the after […]

Mar. 31 (LBO) – Sri Lanka Telecom, the island’s dominant fixed-line operator, Friday said they will resume sales of Code Division Multiplex Access or CDMA phones from April 1st. The decision comes after SLT got a court injunction against the telecom regulator to, on their CDMA installation charges. SLT suspended sales of CDMA connections on […]

Mar. 30 (LBO) – The open source middleware start up WSO2 said Thursday that its WSO2 Tungsten product is fully interoperable with Microsoft’s upcoming Vista operating system. WSO2 is an open source company, which has offices in Boston, USA and a development centre in Sri Lanka. “Our efforts are proving that open source middleware technologies […]

A fast track program to give non-tech graduates jobs in the IT field has paid off, with a first batch of students finding full time work in top companies. The four month program by the Moratuwa University gives graduates from other fields marketable skills like computer programming, web design, networking and business know how. Surveys […]

Mar. 21 (LBO) – Sri Lanka Telecom, the island’s dominant fixed-line operator, Tuesday said it would stop connecting new subscribers through Code Division Multiplex Access or CDMA technology with immediate effect, following legal advice. The move follows SLT’s decision late Monday to take seek legal redress on a directive issued by the telecom watchdog with […]

Mar. 20 (LBO) – Sri Lanka’s telecommunications regulator has upheld two private fixed operators’ claim to import handsets duty free, and blocked the country’s main investment body’s move to tax the instruments, a top official said. Last month, Board of Investment of Sri Lanka (BOI) slapped a 33 percent import duty on Code Division Multiple […]

Mar. 13 (LBO) – Sri Lanka’s two private wireless local loop telecom operators have been called up to pay around Rs. 400 million as duties for importing handsets, industry officials said. Last month, the island’s Board of Investment (BOI) slapped a 33 percent import duty on Code Division Multiple Access (CDMA) handsets with immediate effect. […]

Mar.10 (Dow Jones)–Sri Lanka’s Softlogic Holdings Ltd.said Friday it has bought the consumer electronics and automobiles units of diversified Uniwalkers Ltd. as part of an expansion plan. “This is a part of our strategy to diversify, expand our operations and increase annual turnover levels,” said Ashok Pathirage, the company’s chairman. He declined to disclose the […]