Category: Technology

MANILA, August 8, 2010 (AFP) – Daybreak is happy hour in a world turned upside down at a trendy bar in the Philippines’ financial district, the clientele young and loud and with a vague California accent. Vodka cruisers and beer fly by the bucketful as good friends Cici, Pau and Jels go off duty along […]

Aug 05, 2010 (LBO) – An initial public offering by PC House, a Sri Lankan information technology company, was oversubscribed on its opening day Thursday, August 05, a stock exchange filing said. After the IPO total shares will go up to 228.9 million. PC House is raising 630 million rupees by selling 57 million shares […]

Aug 01, 2010 (LBO) – Sri Lanka Telecom has changed its tariff plans for new ‘Citylink’ fixed wireless telephone connections with a rate of one rupee a minute for outgoing calls within its own network for prepaid subscribers. SLT said in a statement the charges for the CDMA (Code Division Multiple Access) fixed wireless telephone […]

July 30, 2010 (LB0) – Recently imposed floor prices on mobile users by the regulator can be removed within two years, while celco operators have themselves to blame for pushing the sector deep into the red, a senior executive said. “None of us are saying that having an anti-market instrument like floor prices is a […]

July 29, 2010 (LBO) – Sri Lanka is ready for mobile number portability, where the subscribers who switch telecom operators can take their personal number with them to the new provider, but the rule should also apply to fixed networks, an industry official said. But Sri Lanka’s fixed access sector is stagnant or shrinking. In […]

July 28, 2010 (LBO) – Two companies plan to set electronic commerce ventures in Sri Lanka which is promoting itself as a site for business process outsourcing, the Board of Investment said in a statement. The investment promotion agency said it has given investment approval to Senit Technologies and Vingrows Business Solutions to start operations […]

July 26, 2010 (LBO) – Sri Lankan mobile phone operator Dialog Axiata made a net profit of 1. 37 billion rupees in the June 2010 quarter compared with a loss of 7.24 billion rupees a year ago, a stock exchange filing said. Sales rose 14.3 percent to 10.16 billion rupees over the period while administration […]

ASPEN, July 25, 2010 (AFP) – Top technology and media executives wrapped up a three-day conference here during which they grappled with — and left unresolved — the question of whether readers will pay for news online. Firmly in the paid camp in the “paid vs. free” debate was News Corp.’s head of digital operations […]

July 22, 2010 (LBO) – Sri Lanka’s PC House is planning a 100 seat business process outsourcing centre in the island’s northern Jaffna peninsular to provide accounting and back office services to the international market, an official said. It already has a 200 seat BPO processing documents for the Sri Lanka government. Though Sri Lanka […]

July 22, 2010 (LBO) – A Sri Lankan software industry group cracking down on piracy has warned that foreign companies in the island cannot assume they are covered by software licences held by their overseas parents. The Business Software Alliance (BSA), a global trade association representing the software industry, said it had entered into a […]

July 20, 2010 (LBO) – Sri Lanka’s Etisalat unit said it was spending 163 million US dollars to expand its network into war ravaged north of the country and improve its broadband services in urban areas. The expansion will see 480 new base stations taking the total to 1580, which the firm says will be […]

MUMBAI, July 19, 2010 (AFP) – Shares in India’s Reliance Communications rose nearly four percent Monday on a media report that Abu Dhabi’s Etisalat was close to buying a 26-percent stake in the firm for 3. 0 billion dollars. Reliance paid the government 85. 8 billion rupees (1.86 billion dollars) for third-generation (3G) spectrum at […]