Category: Technology

July 20, 2009 (LBO) – Sri Lanka’s Millennium Information Technologies (MillenniumIT) said it has launched a super-fast trading platform based on Intel processors to help securities exchanges cope with increasing trading volumes.The statement by MillenniumIT, which provides software to the global capital markets industry, claimed the new product is the world’s fastest trading platform. “Today, […]

July 15, 2009 (LBO) – Aepona, a global provider of telecoms software products and services headquartered in Belfast, Northern Ireland, said it has bought Valista, and will expand operations in Sri Lanka. It enables mobile and broadband operators to treat their network and informational assets as marketable resources that can be made available to third […]

July 14, 2009 (AFP) – A media rights organisation on Tuesday accused Sri Lankan authorities of blocking access to websites critical of the government and stifling dissent.The Paris-based Reporters without Borders, RSF, said Sri Lanka most recently blocked a site for reporting alleged incidents inside a camp for civilians displaced by the war with Tamil […]

July 13, 2009 (LBO) – India’s Quatrro BPO Solutions said it is considering moving more business process outsourcing work to Sri Lanka and that productivity concerns raised by its chairman Raman Roy were limited to certain processes.“We are in active discussions to move more processes to Sri Lanka and Quatrro continues to be a strong […]

July 09, 2009 (LBO) – Lanka Bell, a Sri Lankan wireless telecommunications operator, said its investment in an undersea fibre-optic cable had helped increase business and reduce rates.The company said in a statement the rapid expansion of the FLAG (Fiber-optic Link Around the Globe) high-speed submarine cable network has opened up new markets and opportunities […]

July 7, 2009 (LBO) – Axiata, the parent of Dialog Telekom may offer 200 million US dollars for the Sri Lanka unit of Millicom International Cellullar, a media report said.Bloomberg news citing two people with knowledge on the deal said Millicom’s Cambodia operations may be offered 500 million US dollars. Bloomberg quoted Millicom chief financial […]

July 2, 2009 (LBO) – Millicom International Cellular, the parent of Sri Lanka’s Tigo mobile network, said several buyers have expressed interest in taking over its Asian operations.Millicom has operations in Sri Lanka, Cambodia and Laos.By the end of the March quarter the firm said it had 4.5 million subscribers in Asia, generating a profit […]

July 02, 2009 (LBO) – Raman Roy, chairman of India’s Quatrro BPO Solutions, said their Sri Lanka business process outsourcing unit, a tie-up with John Keells Holdings, is not doing as well as anticipated.Revenues had fallen as the US recession took its toll on the auto and restaurant businesses which comprised the bulk of its […]

June 26, 2009 (LBO) – A microfinance software application developed by two Sri Lankan university students has been selected as one of the six finalists to compete in the ‘MashUP’ category at a world information technology competition.The MashUp application ‘Hope for poor – Sasrutha’ developed by the University of Moratuwa students will help both parties […]

June 25, 2009 (LBO) – A Sri Lankan accountants’ body and the software industry said they have joined hands to promote the island as a business processing outsourcing (BPO) centre for finance and accounting.The drive to promote the BPO industry is being done by the Chartered Institute of Management Accountants (CIMA), Sri Lanka division and […]

WASHINGTON, June 3, 2009 (AFP) – Google, already the king of Internet search, rolled out an experimental new search product on Wednesday called “Google Squared.” Google Squared does not provide a list of links to Web pages, like with a traditional Google search, but presents information derived from a query in a spreadsheet-like grid called […]

May 29, 2009 (LBO) – Sri Lankan celco Mobitel will spend 557 million rupees (4.85 million US dollars) in a four year sponsorship of the island’s cricket team, the company’s parent, Sri Lanka Telecom (SLT) said. SLT said in a stock exchange filing that the deal, one of the largest announced by a Sri Lankan […]