Economy

Sri Lanka’s Sigiriya is officially the world’s most welcoming city for 2025

Published

1 year ago

February 10, 2025

Sigiriya, Sri Lanka, has been ranked as the World’s Most Welcoming City for 2025 by Booking.com. The recognition is based on over 360 million verified customer reviews, highlighting the destination’s hospitality and charm.

Full Report

Travelers are increasingly drawn to authentic, off-the-beaten-path adventures, shaped by exceptional hospitality and service. As part of the thirteenth edition of the Traveller Review Awards, Booking.com unveils the 10 Most Welcoming Cities on Earth for 20251, along with tips and recommendations to help travelers fully embrace the charm of these unique destinations. Backed by over 360 million verified customer reviews on Booking.com, the featured accommodations are celebrated for consistently delivering outstanding hospitality.

Sigiriya, Sri Lanka

Located in the heart of Sri Lanka’s ‘Cultural Triangle,’ Sigiriya is a must-see destination that seamlessly combines natural splendor with deep history. The iconic Sigiriya Rock Fortress, a UNESCO World Heritage Site, offers breathtaking views and highlights the architectural brilliance of ancient Sri Lanka. In the late 5th century, King Kashyapa established his royal capital here, crowning the summit with an elaborate palace adorned with vibrant frescoes. Visitors can immerse themselves in the nearby village, renowned for its fabrics and handicrafts, including batiks (fabrics with ornate designs traditionally created using wax), ornamental pots, and handloom textiles. The lush landscapes of Minneriya National Park are also famous for its spectacular wild elephant gatherings. From conquering the ascent to the fortress to embracing the tranquility of village life, Sigiriya presents an unforgettable blend of adventure and serenity.

Economy

Sri Lanka’s official reserves fall below US$ 7 billion

Published

1 hour ago

May 10, 2026

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Sri Lanka’s official reserve assets fell below the US$ 7 billion mark again in April 2026, according to the latest data released by the Central Bank of Sri Lanka.

The country’s total official reserve assets declined from US$ 7.026 billion recorded at the end of March 2026 to US$ 6.759 billion by the end of April.

Data also showed that foreign exchange reserves — the main component of official reserves — dropped from US$ 6.8 billion to US$ 6.505 billion during the month.

Meanwhile, Sri Lanka’s gold reserves declined slightly from US$ 222 million to US$ 219 million.

Economy

PayPal to launch in Sri Lanka from May 15

Published

2 days ago

May 8, 2026

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PayPal is set to launch in Sri Lanka on 15 May, in a move expected to expand formal digital payment channels, initially starting with business-to-business (B2B) payments to exporters.

According to sources, the initial rollout will focus on enabling inward payments to exporters, with several local banks already appointed as agents for the service.

While an official announcement is yet to be made, sources said the launch is currently scheduled for 15 May, with the Presidential Secretariat likely to host the event.

Banking sector officials have already participated in familiarisation sessions relating to PayPal’s entry into Sri Lanka, while PayPal representatives are understood to have visited the country last month for discussions with local stakeholders and financial institutions regarding the rollout framework.

The move follows months of engagement between the Government, the Central Bank of Sri Lanka (CBSL), and the private sector, aimed at enabling regulated inward remittance functionality through the global online payments platform.

In February, Digital Economy Ministry Secretary Waruna Sri Dhanapala said Sri Lanka had entered the final stage of enabling inward remittances through PayPal, describing it as a key milestone in modernising the country’s digital payments ecosystem.

Economy

Sri Lanka tests online ticket booking platform or intercity bus travel

Published

5 days ago

May 5, 2026

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Sri Lanka has launched a pilot programme to enable online seat reservations for long-distance bus travel, Transport and Highways Minister Bimal Rathnayake announced today.

Speaking at a media briefing, the Minister said buses remain the most widely used mode of daily transport in the country, even surpassing trains in popularity.

However, he noted that passengers currently face inconvenience as they must physically visit bus terminals to reserve seats, making travel planning difficult.

“This new system will allow passengers to reserve seats in advance and plan their journeys more efficiently. Our aim is to make daily life easier,” he said.

The initiative will initially be implemented through private bus operators, with plans to expand the service to the Sri Lanka Transport Board (SLTB) at a later stage.

Sri Lanka Telecom Chairman Mothilal De Silva stated that the platform was introduced ahead of the New Year holiday period in collaboration with several private sector partners.