Category: Technology

Oct 27, 2010 (LBO) – Sri Lankan mobile phone operator Dialog Axiata made a net profit of 1.69 billion rupees in the September 2010 quarter compared with a loss of 439 million rupees a year ago, a stock exchange filing said. Sales rose 16.2 percent to 10.56 billion rupees over the period while administration costs […]

Oct 15, 2010 (LBO) – Sri Lanka still has work to do to better protect intellectual property rights whose violations are of concern to the United States, a visiting US government official said. Michael Delaney, assistant US trade representative for central and south Asia, said IP rights protection and software piracy were some of the […]

Oct 14, 2010 (LBO) – A US based telecom tower company is looking for opportunities to build shared infrastructure in Sri Lanka as telcos in the island expand into former war torn areas in the north and east, an official said. “We are having discussions and looking at opportunities,” Vijendran Watson, from the Singapore-based Insight […]

Oct 14, 2010 (LBO) – Cambio Heathcare Systems, a Sweden based health sector firm has moved its outsourcing unit to larger premises in Sri Lanka’s capital Colombo, the country’s investment promotion agency said. The firm had started operations in Colombo in 2005 with 40 employees. By the beginning of this year its cadre of engineers […]

Oct 08, 2010 (LBO) – Fitch Ratings has upgraded Sri Lanka’s Dialog Axiata’s (Dialog) national long-term rating to ‘AAA(lka)’ from ‘AA(lka)’, and revised the outlook to stable from negative, a statement said. This is to help mitigate potential currency risk on the scheduled repayments of its US dollar debt, which fall due between 2011 and […]

Oct 05, 2010 (LBO) – Sri Lanka’s ETV, a terrestrial broadcaster covering the island’s western province, has put its programming on Dialog TV, a unit of Dialog Axiata, reaching a fast growing subscriber base around the country, officials said. Lanka Business Online is a related entity of ETV. “Today we have 200,000 homes, hotels, hospitals, […]

Oct 04, 2010 (LBO) – India’s Tata Communications had put in a bid for Sri Lanka’s Suntel, a unit of Sweden’s Telia which runs a fixed access wireless network in the island, a media report said. India’s Economic Times said, Tata Communications Ltd (TCL) formerly a state-run firm in which the government still owns 26 […]

Oct 04, 2010 (LBO) – Sri Lanka’s mobile subscribers grew 25.4 percent to 15.86 million in the second quarter of 2010 from a year earlier and a wireline contraction has bottomed out, official data shows. At the end of the second quarter of 2010 Sri Lanka had 15.86 million mobile users up from 11.49 million […]

Sept 17, 2010 (LBO) – Sweden-based IFS, an enterprise resource planning (ERP) software maker, said its main development centre in Sri Lanka is growing steadily and demand for its products from the Asia-Pacific region is strong. Its Sri Lanka unit has around 780 staff made up of software developers and business analysts. Jayantha de Silva, […]

Sept 15, 2010 (LBO) – Firms in an industrial park in Sri Lanka are getting enterprise resource planning software (EFP) from Swedish based IFS, in as little as six weeks, making it a record for implementing such software, officials said. IFS software comes in modules which can be implemented at each firm connected to the […]

Sept 15, 2010 (LBO) – Standard & Poor’s Ratings Services has raised the long-term local currency corporate credit rating on Sri Lanka Telecom (SLT) to ‘BB-‘ from ‘B+’ with a stable outlook, a statement said. At the same time, Standard & Poor’s confirmed the ‘B+’ long-term foreign currency corporate credit rating on the company and […]

Sept 14, 2010 (LBO) – Sri Lanka has successfully done a trial project that helps early detection of killer communicable diseases using mobile phones to send data that also reduces costs, officials said. The ‘real-time bio-surveillance programme’ enables the rapid detection and notification of potential health outbreaks through mobile phones, software applications and a Web […]