Category: Technology

May 25, 2013 (LBO) – Sri Lanka’s demand for computers and peripherals will grow due to greater consumption of information and economic activity and investments pick up after the end of a 30-year war, officials at US-based Hewlett Packard said.The OfficeJet Pro X series come at a price tag of between 30,000 to 80,000 rupees. […]

SAN FRANCISCO, May 22, 2013 (AFP) – Twitter said Wednesday it was stepping up security measures for the popular messaging service following a series of high-profile breaches by hackers hitting media organizations and others.Earlier this month, the Twitter feed of satirical US news website The Onion was also taken over by the Syrian group aiming […]

May 22, 2013 (LBO) – Web searching in Sri Lanka for consumer products have rocketed with rapidly falling device and access prices, giving opportunities for radically different ways of doing business, a Google official said.“The search trends for all categories in Sri Lanka have increased anywhere between 12 to 25 times, be it automobile category […]

May 22, 2013 (LBO) – Sri Lanka Telecom the only wireline operator in the country, said it had soft-launched a VDSL2 (Very-High-Bit-Rate Digital Subscriber Line 2) fixed broadband service.The technology was demonstrated to Sri Lanka’s telecom minister Ranjith Siyambalapitiya, at a regional telecom office in Kegalle. The demonstration has seen data speeds in excess of […]

May 22, 2013 (LBO) – Sri Lanka based MillenniumIT a unit of London Stock Exchange has appointed John Mackay Gill, ex-senior vice president of SunGard Data System Inc of the US as its chief executive. “Mack has had an exceptional career at SunGard and has a wealth of experience in financial services technology, operations, product […]

May 16, 2013 (LBO) – Mobitel, a unit of Sri Lanka Telecom has made a profit of 640 million rupees in the March 2013 quarter, turning around from a loss of 950 million rupees, a year earlier, its parent said.Losses last year came from currency depreciation, the firm said. Revenues had grown 10 percent to […]

May 15, 2013 (LBO) – Profits at Sri Lanka Telecom group the island’s sole wireline operator which also has mobile services rose 226 percent to 1.6 billion rupees recovering from forex losses suffered last year.The group reported earnings of 89 cents per share. Revenues rose 5 percent to 14.4 billion rupees in the quarter and […]

May 15, 2013 (LBO) – International and local experts will discuss the future of e-ecommerce which is now growing very fast in the Asia-Pacific region with growing internet penetration and legal reforms that help internet transactions, at a forum in Colombo. Sri Lanka Association of Software and Service Companies said a ‘CXO Briefing’ on May […]

May 13, 2013 (LBO) – Sri Lanka’s Dialog Axiata said it is buying a pay TV operator for 800 million rupees to gain control of 2.3GigaHertz brand spectrum which will be used for fixed broadband services. Dialog, a unit of Malaysia’s Axiata, said its fixed access division, Dialog Broadband Networks (Pvt) Ltd has entered into […]

May 11, 2013 (LBO) – Sri Lanka Telecom said it had provided telecom facilities to Mattala Rajapaksa International Airport for all services and commercial partners to operate effectively. “We assure MRIA of our utmost commitment to provide the highest quality and most reliable services always,” Kiththi Perera, head of SLT’s enterprise and wholesale business said […]

By Arun Perera May 10, 2013 (LBO) – Samsung hopes to double phone sales in Sri Lanka in 2013 to one million handsets with smart phones making up 40 percent of the total, official said. “We have seen a growth in the mobile market of Sri Lanka and the market is adapting to smartphones, especially […]

May 09, 2013 (LBO) – Sri Lanka’s Dialog Axiata reported profits of 1.59 billion rupees in the March 2013 quarter from a loss of 540 million rupees made a year earlier mostly due to currency depreciation. The group reported earnings of 20 cents per share, in accounts filed with the Colombo Stock Exchange. In mid-day […]