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SRI LANKA NEWS

Pitch Capital Properties wins triple award hat-trick - Island.lk

Lanka Hit News • Aug 17, 2026 · 2mo ago • 6 min read
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Sri Lanka’s Pitch Capital Properties has won three top honours at the Global Laurel Excellence Awards 2026: Most Trusted Land Developer, Outstanding Real Estate Investment Solutions, and Sri Lanka Property Excellence. Led by Managing Director Sugath Vithanage, the company is recognised for its transparent, customer-focused, and legally secure land developments.

A major growth driver is its tourism-land portfolio, with plots in coastal hotspots like Devundara, Hiriketiya, Midigama, and its newest project in Arugam Bay, targeting boutique hotels, villas, and surf-related ventures. The awards reflect strong trust from investors and partners, and the company plans to expand further into emerging destinations across Sri Lanka, reinforcing its long-term investment vision.

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Sampath Bank has partnered with Mastercard to launch dedicated Platinum and World Mastercard credit cards tailored for members of the Institute of Chartered Professional Managers of Sri Lanka (CPM Sri Lanka). Designed to cater to the evolving financial, travel, and lifestyle needs of these professionals, the co-branded cards offer worldwide acceptance, SampathCards Ultra Rewards Points, contactless Tap & Go payments, flexible installment options, and overseas travel insurance cover up to USD 100,000.

Cardholders enjoy tier-specific benefits aligned with their CPM status:

World Mastercard: Features global airport lounge access, various travel privileges, a waived first-year annual fee, and a waived joining fee.

Platinum Mastercard: Provides international lifestyle and golf privileges, a waived first-year annual fee, and an optional life insurance cover up to LKR 1.5 million (subject to premium conditions).

Both cards grant pre-approved credit limits subject to standard bank evaluations. Representatives from Sampath Bank, Mastercard, and CPM Sri Lanka emphasized that this collaboration combines trusted payment security, global convenience, and tailored value to support the personal and professional journeys of CPM Sri Lanka members.

Continue Reading Business Accor Marks A New Milestone in Sri Lanka with the Arrival of Pullman Colombo Downtown and Pullman Bentota Resort & Spac Published

India/Sri Lanka – November 5, 2026 – Pullman, the Accor brand built around exchange, marked a major milestone in Sri Lanka with an exclusive gathering at Vistas Rooftop Bar, Pullman Colombo Downtown, on November 4, 2026. The evening celebrated the brand’s debut in the country with the introduction of two landmark properties – Pullman Colombo Downtown and Pullman Bentota Resort & Spa. The occasion brought together Ms. Ranju Alex, CEO, Accor South Asia, property owners, leadership teams from both hotels, distinguished dignitaries, including Vijitha Herath, the Honourable Minister of Foreign Affairs, Foreign Employment, and Tourism, and prominent members of Sri Lanka’s media fraternity to celebrate this exciting new chapter for Pullman in the country.

The introduction of Pullman strengthens Accor’s presence across two of Sri Lanka’s most compelling business and leisure destinations. Bringing together the energy of Colombo’s commercial landscape and the natural beauty of Bentota’s coastline, the two hotels extend Pullman’s contemporary hospitality to both corporate and leisure travellers.

More than a celebration, the evening offered a platform for meaningful exchange with Sri Lanka’s corporate leadership and key industry stakeholders, reflecting Accor’s commitment to building lasting relationships as it continues to grow in the market. Guests also experienced first-hand Pullman’s approach to contemporary hospitality, where business, leisure and social moments come together.

Commenting on the occasion, Ms. Ranju Alex, CEO, Accor South Asia, said, “Sri Lanka is an important market in Accor’s South Asia growth strategy, and the introduction of Pullman represents a significant step in strengthening our presence in the country. With two properties in Colombo and Bentota, we are bringing the brand’s contemporary hospitality experience to both business and leisure destinations. Our focus is not only on expanding our portfolio but also on building lasting partnerships and contributing to the continued growth of Sri Lanka’s tourism industry.”

Continue Reading Business Island Tea Co. & Ceylon Coffee Club launches aggressive expansion strategy across Sri Lanka Published

Following a rapid growth phase that saw over one million customers served in its first 1,000 days, Master Franchisee Silkfive (Private) Limited has launched an aggressive expansion strategy across Sri Lanka for the Island Tea Co. & Ceylon Coffee Club brand.

Under this strategic growth initiative, the company aims to establish a network of over 100 locations nationwide, with active development plans already underway for 85 additional outlets. Having built a strong retail footprint of 15 operational branches in key commercial centers and high-profile tourist destinations—including One Galle Face, Colombo City Centre, ODEL Kandy, Galle, Negombo, and Dambulla – Silkfive (Pvt) Ltd is currently evaluating prime locations across high-density residential and commercial districts. Immediate target zones for near-term expansion include key precincts such as Colombo 02, 04, 05, and 07.

To drive this next phase of network scaling, Silkfive (Pvt) Ltd has rolled out lucrative sub-franchise opportunities aimed at local entrepreneurs and investors seeking entry into the country’s fast-growing beverage and quick-service restaurant (QSR) sectors.

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