Business and Economics
Validity period of SL visas for foreigners extended to July

The Sri Lankan Department of Immigration has extended the validity period of all types of visas issued to all foreigners currently in Sri Lanka up to 11th July, 2020, as many were unable to get an appointment before the previous deadline of June 11.

Accordingly, All applicants are advised to pay the relevant visa fee and get the visa endorsed in the Passport by securing an appointment on or before 11th July 2020 using the following online link.

https://eservices.immigration.gov.lk/vs

All visas which expire between March 7th to July 11th, 2020, will be exempted from being charged the overstay penalty.

Those who possess a due Appointment Notice are only be permitted to enter the Department and only a limited number of appointments will be given per day and the applicants shall be present at the Department 15 min prior to the allocated time.




China leads world economic recovery

China’s Caixin survey of service industries surprised analysts with a strong expansionary reading of 55 in May, against a consensus expectation of 47. Of the purchasing managers polled by Caixin, that is, 55% saw higher business volume during the month.

Similar surveys of service industries in the other major economies continue to show contraction.

Caixin’s manufacturing survey for China showed a positive reading of 50.7, while the comparable Markit PMI Index for the US in May came in at 39.8. The Caixin Services Reading reflects a broad sample of privately-owned business, and suggests that Chinese consumers are spending freely. By all indications, this is a grass-roots economic boom rather than an investment-driven expansion driven by state spending.

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Mobitel, fastest mobile network in SL - Ookla

Ookla, the global leader in internet testing and analysis, has declared Mobitel as the’ Winner of the Speedtest Award for 2019’, successfully winning the award for all four quarters consecutively as the Fastest Mobile Network in Sri Lanka.

Speedtest Awards are licensed to Internet Service Providers and mobile carriers around the world that are determined by Ookla to be the fastest in their markets.

Sri Lanka’s award was determined using a Speed Score that incorporates a measure of each providers download and upload speed to rank network speed performance. Coming out on top, well above other competitors, Mobitel’s Speed Score surpassed others to emerge yet again as the Fastest Mobile Network in Sri Lanka for the year 2019.

Ookla, the company behind Speedtest is a popular independent internet testing platform used by millions of consumers around the world every day.CEO of Mobitel Nalin Perera said, “We are thrilled to win this award, which independently verifies what we have been echoing all along – that Mobitel offers the most superior usage experience in Sri Lanka from amongst all mobile service providers. Ookla is a reputed international body and this award reaffirms the superiority of Mobitel’s network.”

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