Category: Technology
Sri Lanka’s Dialog Axiata net down 58-pct in December quarter
Feb 17, 2016 (LBO) – Profits at Sri Lanka’s Dialog Axiata group, which has interests in mobile, fixed and pay television, declined 58 percent to 620 million rupees from a year earlier in the December 2015 quarter, interim accounts showed. Revenues grew 16 percent to 20 billion rupees in the December quarter from a year […]
Sri Lanka IT professionals insist on greater transparency in ETCA
Feb 11, 2016 (LBO) – Sri Lanka’s IT professionals have raised concerns over the lack of transparency and industry involvement in formulating the proposed Indo-Lanka Economic and Technology Cooperation Agreement. President of Sri Lanka Information Technology Professionals Association Indika Gamage told reporters that the government has placed a huge commitment without reputed statistical or contextual […]
‘s most valuable company
Feb 02, 2016 (LBO) – Google’s parent company, Alphabet has reported fourth quarter earnings driving up the company’s shares by over 8 percent, foreign media reported. Alphabet shares jumped after the strong earnings report, making Google worth roughly 544 billion US dollars though Apple’s market capitalization stood at 534 billion US dollars. That has made […]
Google loon to start testing in Sri Lanka this month
Feb 01, 2016 (LBO) – Project Loon from Google x is to launch its preliminary testing in Sri Lanka this month, Managing Director of ICTA, Muhunthan Canagey said. As per the initial agreement, the maximum test period will be one year and based on the test results a fully fledged agreement is to be signed. […]
Ministers should use social media for engagement: CPA media survey
Feb 01, 2016 (LBO) – A new media survey by the Centre for Policy Alternatives (CPA) reveals that government Ministers should utilize social media tools to keep in touch with the general public. “42.2 percent of respondents believe that it is necessary for Government Ministers to use social media to interact with the public, while […]
IBM acquires Ustream to boost cloud based video services
Feb 01, 2016 (LBO) – IBM has acquired a cloud-based video streaming service Ustream, to extend its cloud platform to unlock the value of video, a rapidly-evolving digital media. Ustream streams live and on-demand video to about 80 million viewers per month for customers such as NASA, Samsung, Facebook, Nike and The Discovery Channel. With […]
”s Bharti Airtel to merge subsidiaries in Bangladesh
Jan 28, 2016 (LBO) – Axiata Group Bhd, Malaysia’s largest mobile operator by market value, and Bharti Airtel Ltd, India’s largest telecom operator by subscribers, agreed to merge their subsidiaries in Bangladesh, said Axiata on Thursday. The merger of Robi Axiata Limited and Airtel Bangladesh Limited, components of the respective companies, will create an entity […]
Sri Lanka ranks 14 on global offshoring index 2016
Jan 25, 2015 (LBO) – With many domestic and international companies investing heavily on the local IT/BPO and BPM offshoring industry thanks to its commercial attractiveness, access to skilled talent and a lucrative business environment coupled with the improving technology infrastructure, Sri Lanka now ranks in the 14th position on the 2016 A.T. Kearney Global […]
Fourth Industrial Revolution to impact developing countries: UBS report
Jan 21, 2016 (LBO) – Developed countries could gain more from the introduction of new technologies through automation and artificial intelligence, Swiss bank UBS said in a report to coincide with the World Economic Forum. The Fourth Industrial Revolution will be driven by robotic automation and connectivity, a special feature of which will be use […]
People without access to digital technology will be left behind: World bank
Jan 19, 2016 (LBO) – Greater effort must be made to connect more people to the internet and to create an environment that unleashes the benefits of digital technologies, a World Bank report says. The spread of digital technologies over the last two decades has been rapid but the hoped-for benefits of greater productivity, more […]
Sri Lanka Telco outlook improves with new budget: Fitch
Jan 18, 2016 (LBO) – Fitch Ratings has revised the outlook on Sri Lanka’s telco sector to stable from negative as the new budget, introduced in December 2015, has scrapped the recurring taxes which could have diluted the industry’s EBITDA margin by an average of 6 – 7 percent. “We believe that Sri Lanka Telecom’s and […]
Internet Explorer terminates support for older versions
Jan 16, 2016 (LBO) – Microsoft’s built-in search tool ‘Internet Explorer’ has discontinued its support for older versions of explorer from January 12, 2016. “End of support means there will be no more security updates, non-security updates, free or paid assisted support options, or online technical content updates.” Microsoft said. As per Microsoft, only the […]