Category: Technology

April 06, BANGKOK (LBO) – Use of mobile phones has grown rapidly among the poor in Sri Lanka, becoming almost an indispensable business tool among small entrepreneurs and farmers, according to a new study. Computer use at the ‘BOP’ level was low overall as was internet use but mobile phones emerged as almost ubiquitous. “Probably […]

April 04, 2012 (LBO) – A mobile phone ranking system is being developed to help Sri Lankan pineapple farmers identify suppliers of good quality planting material and avoid buying diseased plants that could destroy entire crops. The initiative is part of efforts to make more use of information and communication technology like mobile phones to […]

Apr 02, 2012 (LBO) – London Stock Exchange which is using software developed by a Sri Lanka based firm to run the world’s fastest trading platform said it is looking to expand operations is Asia, including more outsourcing. London Stock bought MillenniumIT, a Sri Lanka-based exchange software maker, three years ago, which has supplied at […]

Mar 30, 2012 (LBO) – Fitch Ratings has confirmed Sri Lanka Telecom’s (SLT) long-term foreign-currency and local-currency issuer default ratings (IDRs) at ‘BB-‘ and its national long-term rating at ‘AAA(lka)’. The outlook on the ratings is stable, the rating agency said in a statement. “SLT’s IDRs are constrained by the respective sovereign IDRs of ‘BB-‘. […]

Mar 12, 2012 (LBO) – Mobitel, a unit of fixed access operator Sri Lanka Telecom said it has launched a package targeting female subscribers with life insurance included in the monthly rental. Mobitel said it launched the ‘Liyasara’ branded package on International Women’s Day with the first subscriber module being given to First Lady Shiranthi […]

Mar 06, 2012 (LBO) – IronOne Technologies, a Sri Lanka based firm said its online trading system used at 15 out of 22 brokers has been connected to an upgrade to the Colombo Stock Exchange’s new automated trading system. It also makes software for banking, insurance, telecom sectors which are also available on on Apple […]

Mar 05, 2012 (LBO) – Sri Lanka is building an information technology park in Suriyawewa in Hambantota in the island’s south, which is expected to be fully operational by 2016-2017, an official said. Reshan Devapura, head of Sri Lanka’s state ICT Agency said the IT park is being built on a 200 acre site. The […]

Feb 22, 2012 (LBO) – Sri Lanka Telecom Plc group said net profit for the December 2011 quarter fell 17 percent to 1.26 billion rupees from a year earlier, with revenues at core wireline business slowing, interim accounts showed. The group reported earnings of 71 cents per share. In the year to December the group […]

Feb 18, 2012 (LBO) – Sri Lanka’s Dialog Axiata, a unit of Malaysia’s Axiata and the islands largest mobile firm said group profits for the December 2011 quarter rose 11 percent to 1. 4 billion rupees, from a year earlier. Fixed broadband operations earned 2.3 billion rupees and lost 942 million rupees at gross level […]

Feb 16, 2012 (LBO) – Etisalat’s Sri Lankan unit has teamed up with booksellers and a software firm to launch an electronic book store for local publishers and authors, officials said. The online e-book store, called ‘Book Hub’ to be commercially launched by end of March, will be in all three languages and available on […]

Jan 29, 2012 (LBO) – Sri Lanka’s fixed wireless users shrank 1.4 percent to 2.63 million in the third quarter of 2011, from a year earlier, but internet users, which include mobile broad bank rose 100 percent, official data shows. . Fixed wireline grew 4.6 percent to 929,851. Sri Lanka Telecom, the island’s only wireline […]

TAIPEI, Jan 25 (AsiaPulse) – Tablet computers will contribute enormously to the worldwide semiconductor market by 2015 as different platforms compete to interest consumers, according to market intelligence firm Gartner Inc. Gartner forecasted that tablet semiconductor revenue will amount to US$20 billion (NT$604.5 billion) in 2015, compared with US$6 billion in 2011, ranking fourth behind […]