Category: Technology

July 28, 2014 (LBO) – Sri Lanka’s ‘Trace Expert City’, an information technology park in the capital Colombo, kicked off with the first tenant software firm beginning operations. The IT Park comes under an organization called TRACE (Technologically Reawakening Culture of Excellence) where Subasinghe is listed as Vice Chairman. Codegen, a travel solutions firm with […]

July 11, 2014 (LBO) – Fortunaglobal, a Sri Lanka based tech firm said it had delivered a digital banking platform to a lender in Solomon Islands. Its ‘FortunaFinance’ branded platform will allow Solomon Island’s Pan Oceanic Bank (POB) to provide services to customers through mobile phones and the web. “¦[F]inancial institutions of all sizes are […]

July 8, 2014 (LBO) – Google has added Sinhalese, spoken by a majority of residents in Sri Lanka to its Gmail webmail service along with 13 other languages. The display language can be changed by going to settings and choosing from a dropdown menu. Gmail is already available in 58 languages, and today we’re bringing […]

June 23, 2014 (LBO) – Sri Lanka’s information technology chamber and accounting institute is holding a forum to boost financing accounting outsourcing companies in the island. Sri Lanka Association of Software and Services Companies (SLASSCOM) said it is partnering with the Institute of Chartered Accountants of Sri Lanka (CA) to host the forum on June […]

June 19, 2014 (LBO) – Sri Lanka’s information technology sector is setting up an online portal to collaborate with universities, academics and students, an industry chamber said. SLASSCOM says the industry want to reach 5 billion US dollars in revenue and create 200,000 direct jobs and 1,000 start ups by 2022, for which active collaboration […]

June 16, 2014 (LBO) – Sri Lanka Telecom says it is boosting the island’s broadband connectivity with its high capacity fibre optic backbone and expanding international cable links.SLT has been licensed to build the national fibre optic network, where capacity will be made available to other operators. Chief executive Lalith de Silva says the firm […]

June 4, 2014 (LBO) – Sri Lanka based MillenniumIT, a unit of London Stock Exchange said its products have been selected by Aequitas Innovations in Canada which is building a new securities exchange. “This is a significant win for us our suite of capital markets technology has been chosen to launch this new exchange, which […]

May 27, 2014 (LBO) – Sri Lanka’s telecom companies have to share networks and invest together to cut broadband costs as higher margin voice usage gives way to cheaper data based services, head of Dialog Axiata, the island’s largest mobile firm has said.Dialog group chief executive Hans Wijayasuriya said Sri Lanka has been recognized among […]

May 20, 2014 (LBO) – Tony Weeresinghe, founder of Sri Lanka based MillenniumIT, is to leave the London Stock Exchange group, a media report said. Bloomberg newswires said Weeresinghe planned to leave at the end of June. The report quoted LSE Chief Executive Xavier Rolet as saying in a note to staff that he was […]

May 13, 2014 (LBO) – Profits at Sri Lanka Telecom, the island’s only wireline operator which also has mobile and pay television fell 66 percent to 547 million rupees, following the loss of a legal battle, interim accounts showed. The group reported earnings of 30 cents per share for the quarter. Revenues rose 6 percent […]

SINGAPORE, May 11, 2014 (AFP) – Xiaomi may be little known outside China, but the fast-growing smartphone maker is at the forefront of a new wave of Asian brands challenging the dominance of Apple and Samsung with high-spec, low-price phones.“As smartphones become more commonplace… consumers in emerging markets will become more demanding and willing and […]

May 10, 2014 (LBO) – Sri Lanka’s Dialog Axiata, a unit of Malaysia’s Axiata group said its pay television business made profits of 132 million rupees in the March 2014 quarter up from a loss of 14 million rupees a year earlier.In 2013, revenues grew 21 percent to reach 3.6 billion rupees the firm said, […]