Economy

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

Published

2 years 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

Govt saving Rs. 5.7B through price regulation of 13 expensive medicines

Published

1 day ago

October 4, 2026

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The National Medicines Regulatory Authority (NMRA) says the government’s estimated savings from regulating the prices of 13 major high-priced medicines amount to Rs. 5.7 billion.

NMRA Chairman Specialist Dr. Ananda Wijewickrama made this statement at a media briefing held in Colombo today (01).

He further said that the savings to the public would vary depending on the medicines they purchase.

He noted that the medicines whose prices had been reduced are mainly those that patients require for long-term use.

Economy

CBSL Governor says Fitch upgrade reflects Sri Lanka’s progress on economic reforms

Published

6 days ago

September 29, 2026

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The Governor of the Central Bank Dr. Nandalal Weerasinghe said Sri Lanka’s sovereign rating upgrade by Fitch Ratings from ‘CCC+’ to ‘B-’ with a Stable Outlook reflects ongoing progress in macroeconomic stabilization and reforms.

Speaking at the 49th Annual General Meeting of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) on September 23, Dr. Weerasinghe stated that the restoration of stability following the severe economic crisis has provided a stronger foundation for the country’s next development phase.

“This progress has also been recognised by the upgrade of Sri Lanka’s sovereign rating by Fitch Ratings to ‘B-’ from ‘CCC+’, with a Stable Outlook, announced, reflecting the continued progress in macroeconomic stabilisation and reforms,” he added.

Economy

Sri Lanka ranked among top 10 global risers in tourism

Published

1 week ago

September 28, 2026

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Sri Lanka has been ranked among the top 10 countries in the world for the fastest improvement in the Travel and Tourism Development Index between 2024 and 2026, according to the 2026 Travel and Tourism Development Index released by the World Economic Forum (WEF).

Sri Lanka has been ranked 10th on the list, with its Travel and Tourism Development Index score increasing by 4.33% in 2026 compared to 2024.

Albania ranked first, recording a 7.0% increase in its index score.

Vietnam and Laos ranked second and third, respectively, with increases of 6.3% and 6.1% in their index scores.