Category: Technology

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) – Profits at Dialog Axiata, Sri Lanka’s largest mobile operator fell 21 percent from a year earlier to 1.25 billion rupees in the March 2014 quarter, amid a rise in expenses, interim accounts showed. The group which also has interests in fixed access and pay television reported earnings of 15.9 cents […]

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, […]

SAN FRANCISCO, May 6, 2014 (AFP) – Google’s drive to put the future of personal computing firmly in the Internet “cloud” got a boost on Tuesday from chip titan Intel and hardware giants including Lenovo.This is particularly appealing in the education market, where teachers prefer to focus on lessons instead of tech trouble-shooting and schools […]

May 02, 2014 (LBO) – Sri Lanka’s foreign revenues from software and business process outsourcing are higher than officially estimated, but growth is constrained by talent shortfalls, an industry body which has done its own survey said. He said there was interest from investors including from abroad in the industry. “For us to meet the […]

May 01, 2014 (LBO) – Aegis Limited, an outsourcing company, has commissioned a 650-seat facility in Sri Lanka’s capital Colombo that will create 1,000 jobs over the next 12 months, officials said. “There is fantastically educated population in Sri Lanka and the country’s economy is growing rapidly with development in major sectors,” Sandip Sen, Global […]

Apr 24, 2014 (LBO) – Sri Lanka has been short listed as a contender for the ‘Offshoring Destination of the Year Award’ in Europe, which the by the European Outsourcing Association, made up of over 1000 firms from eight countries in Europe. “Sri Lanka offers a very compelling value proposition for European businesses as an […]

Apr 24, 2014 (LBO) – Sri Lanka Telecom said it would invest 415 million US dollars to expand its network, build data centres, and expand its pay TV and services to businesses over the next two years.SLT said it had invested 1.3 billion US dollars since becoming a BOI company with 485 million going for […]

Apr 12, 2014 (LBO) – Sri Lanka Telecom Plc, said it will pay Just In Time Holdings (Pvt) Ltd, which had supplied IPTV equipment, 673 million rupees, which includes legal costs and 171 million rupees in interest.Sri Lanka Telecom will make an immediate payment of 502 million rupees for set top boxes and legal costs, […]