Category: Technology

SAN FRANCISCO, April 13, 2011 (AFP) – Figures released on Wednesday showed that the personal computer market shrank for the first time in more than a year due to frugality and a tablet computer craze led by Apple’s hot-selling iPads. “Instead, consumers turned their attention to media tablets and other consumer electronics. ” After Apple’s […]

WASHINGTON, April 6, 2011 (AFP) – Facebook on Tuesday launched a media resource page to help journalists use the social network as a reporting tool and better connect with their audience. The “Journalists on Facebook” page is intended to be “an ongoing resource for the growing number of reporters using Facebook to find sources, interact […]

Mar 24, 2011 (LBO) – Sri Lanka’s information technology and business process outsourcing sector is positioning itself as a niche player targeting finance and accounting, telco, travel and aviation sectors, an official said. “We will focus on SMEs (small and medium enterprises), more that 90 percent of us are working with SMEs in other countries,” […]

MADRID, March 22, 2011 (AFP) – The London Stock Exchange on Tuesday announced plans to create an unprecedented trading network that will allow blue-chip stocks to be traded in up to six countries. The planned partnership follows news of a planned merger between the London and Toronto stock exchanges, illustrating once again the move towards […]

Mar 15, 2011 (LBO) – Profit margins of Sri Lankan mobile phone operators are likely to come under pressure as the market matures and competition intensifies, a Fitch Ratings report said. The industry is now benefitting from the pentup demand from the north and east since the end of the island’s ethnic war in May […]

Mar 14, 2011 (LBO) – Sri Lanka is becoming an attractive location for ‘Finance and Accounting Outsourcing’ (FAO) with the world’s second largest pool of management accountants and wages lower than India, a report said. “The availability of a large pool of skilled finance and accounting professionals makes FAO one of the most logical niche […]

Mar 11, 2011 (LBO) – Sri Lanka will seek to negotiate with international software vendors to try to bring down prices by up to half in its drive to promote information and communication technology business, a report said. Sri Lanka has recently been cracking down on software piracy after being ranked the second worst offender […]

Mar 09, 2011 (LBO) – Sri Lanka’s new information and communication technology plan for 2011-1016 advocates further cuts in high-speed broadband communication costs with the aim of increasing ICT business and creating more jobs. Present broadband charges which are higher than competitor countries are deterring foreign ICT and business process outsourcing (BPO) firms from setting […]

Mar 08, 2011 (LBO) – Sri Lanka’s Dialog Axiata, the island’s largest mobile operator, said it plans to set up an Information Technology (IT)-enabled services venture and was looking for an international partner for business process outsourcing work. Dialog Axiata chief Hans Wijayasuriya said last month that new investments of 150 million US dollars will […]

Mar 07, 2011 (LBO) – Sri Lanka Telecom, the country’s largest fixed access provider said it is increasing capital expenditure which had flagged during a recent downturn to modernize its network, build broadband capacity and expand into former war torn areas. The firm is also selling wholesale capacity to other operators. The firm had a […]

NEW YORK, March 4, 2011 (AFP) – The Daily, the digital newspaper created for Apple’s iPad by Rupert Murdoch’s News Corp., has tallied hundreds of thousands of downloads since its launch a month ago, its publisher said Thursday. “It’s going great,” Greg Clayman said at the paidContent 2011 conference in New York. “We’re not disclosing […]

Feb 23, 2011 (LBO) – Sri Lanka Telecom said it made a profit of 1,542 million rupees in the December quarter from a loss of 379 million rupees a year earlier, helped by a turnaround of its mobile unit, while revenues rose 6 percent to 12. 9 billion rupees. Malaysia’s UT group owns 49.8 percent […]