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Samsung data center fire causes error messages on products

A Samsung data center caught fire today, shutting down Samsung.com. That wasn’t the only tech casualty from the fire, however, as various Samsung products, including Smartphones and TVs, were adversely affected. The center that went up in flames was the Samsung SDS building in Gwacheon, South Korea. Users weren’t able to access select Samsung applications…

(0)Comments | April 21, 2014 6:55 am

Whither Sampur coal power project proposal?

Steps are under way to call for tenders from prospective investors for the 500 megawatt capacity Sampur coal power plant, says the Ceylon Electricity Board (CEB) chairman. CEB chairman W.B. Ganegala told AdaderanaBiz that it has been planned to obtain at least 70 percent of the cost on this project through private investments. “The CEB…

(0)Comments | April 21, 2014 5:51 am

Norochcholai to the rescue these days, says CEB chairman

Though many areas in the island have experienced rainy weather there has been no considerable rainfall in the catchment areas. This has reduced power generation to 10 percent, says the Ceylon Electricity Board (CEB) chairman. By now a huge cost is being incurred due to fuel and coal power generation to meet around 90 percent…

(0)Comments | April 21, 2014 5:36 am

A youthful SriLankan team from October

Though SriLankan Airlines’ passenger capacity is similar to other airlines, the increase in its fuel costs are one of the reasons for it to incur huge losses, says the Central Bank of Sri Lanka (CBSL). SriLankan Airlines’ fuel costs are almost half of its maintenance costs since more fuel consuming aircraft like the old A340-300…

(0)Comments | April 21, 2014 4:56 am

Transformation begins in Sri Lanka’s university education

A new beginning has been made to transform Sri Lanka’s outdated university education system to suit the modern world, says the Higher Education Ministry secretary. Higher Education Ministry secretary Dr. Sunil Jayantha Navaratne told AdaderanaBiz that already a programme is underway where each university student is provided at least with one handbook as the initial…

(0)Comments | April 21, 2014 4:28 am

President opens Sri Lanka’s first automated motor vehicle production line

President Mahinda Rajapaksa opened Sri Lanka’s first automated motor car production line of Micro Cars at the Polgahawela Industrial Zone yesterday. Pictures – Chandana Perera

(0)Comments | April 19, 2014 5:48 am

What Is Wrong With Apple’s iPad Business?

While most people like to focus on the iPhone when it comes to Apple, it’s the iPad that’s perhaps the more intriguing story. Philip Elmer DeWitt has gathered analysts’ predictions for the iPad for the March quarter, and the consensus sees Apple selling 19.33 million iPads. If accurate, that’s a 0.7% drop on a year-over-year…

(0)Comments | April 19, 2014 4:53 am

Facebook launches optional Nearby Friends feature for Android and iOS

Facebook today launched Nearby Friends, a new option in the company’s main app for Android and iOS rolling out “over the coming weeks” in the US. The feature lets you see which friends are close to you, assuming that both you and the other party have enabled the functionality first. Before we dig in, it’s…

(0)Comments | April 18, 2014 5:30 am

Stock Market Review

Colombo bourse closed the trading on Thursday on an upbeat note, recoding gains for the third consecutive trading session. ASI index gained 61.91 index points or +1.01% to close at 6,180.76, simultaneously 20 scrip S&P SL index gained 26.54 index points or 0.79% to close at 3,395.47. Price appreciations in Ceylon Tobacco (closed at LKR…

(0)Comments | April 17, 2014 11:26 am

China gets first bitcoin ATM, skirting bank crackdown

BTC China, one of the country’s leading digital currency exchanges, has installed China’s first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations seen as increasingly hostile to so-called crypto-currencies. Rising interest from mainland Chinese speculators was credited for driving up global bitcoin…

(0)Comments | April 17, 2014 3:51 am