Category: Technology

Mar 21, 2013 (LBO) – Sri Lanka Urban Development Authority and the military is building a ‘knowledge park’ in the capital Colombo at the cost of about seven million US dollars which will be ready by the year-end, officials said.Defence secretary Gotabaya Rajapaksa told business forum of Sri Lanka’s software and business process outsourcing chamber […]

Mar 18, 2013 (LBO) – Dialog Axiata Plc, Sri Lanka’s largest cellco said it has launched two own brand Android based handsets with which it hopes encourage mass-adoption of Smartphones in the country.Hans Wijesuriya, group chief executive of Dialog Axiata said the move will allow every citizen to afford a Smartphone. He said the Dialog […]

Mar 14, 2013 (LBO) – Julian Persaud, managing director of sales and operations of Google for Southeast Asia will participate in a business forum with Sri Lanka’s information technology companies on March 19.Persaud will also be on a panel with Madu Ratnayake, General Manager ,Virtusa,Sri Lanka, Sanath Fernando-CEO, Ridgecrest Asia (Pvt) Ltd and Chandika Jayasundara-CEO, […]

Mar 14, 2013 (LBO) – Paycorp International, an Australia based firm will set up an outsourcing unit in Sri Lanka employing 100 persons, the state investment promotion agency said.Paycorp will invest 4.4 million US dollars in the project, the Board of Investment of Sri Lanka, which give tax breaks for foreign investments said. “Culturally and […]

Mar 08, 2013 (LBO) – A joint project by the World Bank, Microsoft and Sarvodaya-Fusion, a Sri Lanka based charity promoting information technology has launched a grant competition where youth in four South Asian nations can get up to 20,000 dollars for a winning project.The grant competition called ‘Youth Solutions!Technology for Skills and Employment’ will […]

Mar 04, 2013 (LBO) – Volume, a UK-based digital marketing applications firm that makes web and mobile applications has set up a technology hub in Sri Lanka, which they hope to grow to serve markets in multiple time zones, officials said.“Our office in Colombo will become an important regional hub for our business,” Chris Sykes, […]

Mar 04, 2013 (LBO) – The headcount of Sri Lanka’s major export software and outsourcing firms have grown 14 to 21 percent a year during the past three years, according to a salary and benefits survey among its members, an industry association said. A 2010 report, The ICT Export Value Survey 2010, commissioned by Sri […]

Feb 20, 2012 (LBO) – Sri Lanka Telecom group, the island’s only wireline operator which also has a mobile unit has reported profits of 877 million rupees for the December 2012 quarter down 29 percent from a year earlier. SLT Publications had seen revenues grow 25 percent to 516 million rupees and pre-tax profits growth […]

Feb 18, 2013 (LBO) – Sri Lanka’s Dialog Television (DTV) a unit of Dialog Axiata offering satellite based pay television said subscribers grew 23 percent to 264,000 in 2012 from a year earlier. But profits after tax fell 57 percent to 11 million rupees in 2012 from a year earlier due to an equipment write-down, […]

Feb 18, 2013 (LBO) – Sri Lanka’s Dialog Axiata, which has interest in mobile, fixed telecom and pay television said group profits fell 30 percent to 928 million rupees in the December 2012 quarter from a year earlier, dragged down by write-offs. The group reported earnings of 12 cents per share for the quarter. For […]

Feb 12, 2013 (LBO) – Sri Lanka Telecom said Lalith de Silva, who headed its cellular unit has taken over as the new group chief executive from February 07. He will oversee SLT units other than Mobitel. De Silva said SLT would continue roll out communications technology to benefit customers. “I hope to build and […]

Feb 07, 2013 (LBO) – A newly established Sri Lanka chapter of The International Association of Outsourcing Professionals (IAOP), a body with over 200,000 members will help raise standards and attract new business, officials said. The International Association of Outsourcing Professionals (IAOP) with over 200,000 associate members worldwide already has 60 local chapters, sets standards […]