Category: Technology

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 […]

Sept 10, 2010 (LBO) – The United States aid agency has suspended a programme to train youth in Sri Lanka’s former northern war zone for jobs in the outsourcing industry, an American lawmaker who opposed the project said. Congressman Tim Bishop said he hailed the suspension of the 10 million US dollar training project by […]

Sept 06, 2010 (LBO) – India’s Mphasis said its start up outsourcing unit in Sri Lanka may grow faster than planned as it signs up multinational firms to outsource services starting next month. The firm opened a 250-seat facility in Colombo Monday and said it would start shifting work of a ‘multinational’ firm within four […]

Aug 31, 2010 (LBO) – Sri Lanka Telecom (SLT) has commissioned a fibre optic cable linking the former war zone in the northern Jaffna peninsula with the rest of the country, offering high-speed communications, a statement said. The “information superhighway” to the north has been built alongside the A9 main route to Jaffna, where information […]

Aug 27, 2010 (LBO) – Sri Lanka’s Central Bank has drafted guidelines for mobile phone payment systems and called for public comments, according to a notice on its website. Mobile payments will be allowed through accounts in licensed banks and registered finance companies as well as Custodian Account Based Systems operated by non-bank service providers. […]

Aug 27, 2010 (LBO) – PC House, a Sri Lankan information technology company which debuted on the stock exchange this week, closed below its issue price of 11 rupees Friday, the second day of trading, brokers said. The share opened the day’s trading at 10. 90 rupees, went down to 9.90 and closed at 10.00 […]

August 26, 2010 (AFP) – Sri Lanka has blocked over 100 porn websites that allegedly feature local men and women, the government said Thursday, in its biggest yet Internet censorship move. The Sri Lankan Telecommunications Regulatory Commission (TRC) has been asked to prevent users in the country accessing some 107 adult websites, the government information […]

Aug 23, 2010 (LBO) – PC House, a tech company which completed an Initial Public Offering earlier this month, is to start trading on August 26, 2010, a stock exchange filing said. PC House will be listed under the main board of the Colombo Stock Exchange and will be classified under the IT (information technology) […]

SAN FRANCISCO, August 16, 2010 (AFP) – Clashes between the maker of Blackberry smart phones and India, Saudi Arabia and the United Arab Emirates are the latest rounds in a cat-and-mouse game pitting authorities against technologies racing beyond their grasp. “Governments can go to the extreme of simply banning such technologies, but the economic ramifications […]

Aug 15, 2010 (LBO) – Sri Lanka Telecom’s June 2010 net profit shot up 105 percent to 769 million rupees from a year ago as earnings from its mobile unit and broadband made up for falling voice revenues, a stock exchange filing said. Basic earnings per share rose to 0.43 rupees from 0.21 rupees the […]

Aug 13, 2010 (LBO) – Dialog Axiata, Sri Lanka’s top celco which is turning around after heavy losses last year, had anticipated sales to come down due to economic slowdown, but did not see a price war coming, a senior official said. “It was the fact that an economic downturn and a price war both […]