New visa rules for visitors to Sri Lanka involving the payment of a visa fee has generated revenues of Rs 550 million during January to March this year, officials said. Revenue from this new source is targeted at, at least Rs 2 billion this year.

What a difference a year makes... The shipment numbers for mobile phones and smartphones for the most recent quarter (1Q12) have finally heralded Nokia's fall from its position as world's biggest phone manufacturer, a honourific it has enjoyed for 14 years.