Category: Technology

Aug 29, 2013 (LBO) – A top official of Google, an information technology company will be in Sri Lanka on a chief executive officer’s briefing organized by the island’s IT industry. SLASSCOM, Sri Lanka’s IT and software chamber, said Ann Lavin, director, policy and government affairs, Greater China and Asian growth markets, Google, will deliver […]

Aug 23, 2013 (LBO) – India’s Bharti Airtel is in talks with UAE-based Etisalat to sell its Sri Lanka unit, which is too small to make money in the highly competitive market, a media report said. India’s Economic Times said citing two unnamed sources said Standard Chartered was advising Airtel on the sale and the […]

SEOUL, August 21, 2013 (AFP) – News that Samsung will unveil a “smartwatch” next month has sent rumour mills into overdrive within the tech community as it second guesses what the much-hyped gadget will offer. Wearable computing, including Google’s smart glasses, is considered the next frontier in consumer electronics following smartphones. Apple has long been […]

PARIS, August 17, 2013 (AFP) – South Korea’s Samsung Electronics will unveil its new Galaxy Gear “smartwatch” early next month, ahead of Apple’s iWatch, Bloomberg news and a fan site said Saturday.The Galaxy Gear, which will allow users to make calls, access email and even surf the Internet, will launch on September 4, said the […]

NEW YORK CITY, August 14, 2013 (AFP) – Having turned print media upside down, the Internet now is disrupting television, forcing broadcasters to adapt to tablets and video-on-demand to hold onto views and advertisers. Viacom and CBS have seen their income stemming from program distribution rights leap 28 and 22 percent respectively, due in part […]

Aug 06, 2013 (LBO) – Profits at Sri Lanka Telecom group dropped 10 percent to 713 million rupees in the June 2013 quarter from a year earlier, and firm said it was continuing to invest in new technology to meet customer needs. The group reported earnings of 1.60 rupees for the quarter interim accounts filed […]

Aug 03, 2013 (LBO) – Profits at Sri Lanka’s Dialog Axiata rose 11 percent to 950 million rupees in the June 2013 quarter, amid forex losses coming from currency depreciation, the company said.At its core mobile unit, revenues grew 12.5 percent to 13.7 billion rupees and profits rose 14.9 percent to 985 million rupees. Dialog […]

July 31, 2013 (LBO) – Sri Lanka-based MillenniumIT, a unit of London Stock Exchange group said it had won deal to sell its securities trading platform to Argentina. MillenniumIT software is running in around 30 locations around the world. Recast The London Stock Exchange group said Wednesday it had been selected as technology partner for […]

July 29, 2013 (LBO) – Investments in Sri Lanka’s by Dialog Axiata group, a unit of Malaysia’s Axiata is reaching 1.5 billion US dollars with a 150 million US dollar network and fibre optic capacity, officials said. The latest investment agreement inked with the Board of Investment of Sri Lanka for 150 million dollars will […]

WASHINGTON, July 27, 2013 (AFP) – With the shift to mobile Internet gaining pace, some of the big tech firms are adapting and others are not.“Its products are no longer cutting edge,” he said.“It has failed to introduce sufficiently innovative product updates and services frequently enough (or) expand its limited product range.” He added that […]

July 25, 2013 (LBO) – Sri Lanka’s information technology and business process outsourcing sector has tripled exports and doubled the workforce in a little over five years, an industry official said. The Sri Lanka Association of Software and Services Companies (SLASSCOM) say export revenues grew 182 percent to an estimated 600 million US dollars in […]

July 23, 2013 (LBO) – London Stock Exchange group said its technology services revenues rose 28 percent reflecting the performance of MillenniumIT, a Sri Lanka-based securities exchange software developer it owns. Revenues in the March 2013 quarter from the firm rose to 7.4 million sterling pound from 4.9 million as overall technology services revenues rose […]