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FOX RESORTS WINS LEADING HOSPITALITY DEVELOPMENT COMPANY AT SATA 2026

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Fox Jaffna

Malé, Maldives | October 2026 —Fox Resorts, the hospitality arm of The Capital Maharaja Group (CMG), has been named Leading Hospitality Development Company at the South Asian Travel Awards (SATA) 2026, held in Malé, Maldives, a Fox news release said.

The prestigious regional recognition marks an important milestone for Fox Resorts, celebrating a decade of building a distinctive Sri Lankan hospitality brand centred on people, genuine service, memorable food, responsible tourism and a strong sense of place.

Fox Resorts owns and operates Fox Jaffna and Fox Kandy, two properties known for their warm hospitality and beautiful natural settings, from lush gardens and swimming pools to abundant birdlife, heritage, art and striking landscapes. The latest honour follows Fox Jaffna being named SATA’s Leading Heritage Hotel for three consecutive years, further strengthening the brand’s standing within South Asian hospitality.

The award also recognises a broader approach to hospitality development. Through Fox Faculty, the company invests in training and developing the next generation of hospitality professionals, while Fox Vacations supports the group through inbound and outbound travel services.

Sustainability is an important part of this journey. Fox Resorts has introduced initiatives across its properties covering water conservation and wastewater reuse, solar hot water, reduced single-use plastics, responsible waste management, linen-reuse programmes and community clean-ups. The company also works with local artisans and creatives, supports community and animal welfare initiatives and has begun aligning its operations with the Global Sustainable Tourism Council (GSTC) framework.

“This recognition reflects what we believe is fundamental to building strong and enduring businesses — investing in people, giving them the opportunity to grow, and creating a culture where excellence becomes a shared responsibility,” said Suresh Srinivasan, Group CEO of The Capital Maharaja Group. “Fox Resorts is a shining example of how that philosophy translates into a business that continues to strengthen its offering, develop its people and contribute meaningfully to Sri Lanka’s hospitality sector. We are very proud to see the team’s work recognised on a South Asian stage.”

Capital Maharaja Group is one of Sri Lanka’s most established diversified business groups, with interests spanning media, consumer products, industrial businesses, technology, services, travel and hospitality. Its longstanding focus on people, entrepreneurship and investment in Sri Lankan enterprise continues to provide the foundation for the growth of Fox Resorts.

That growth will continue in December 2026, when Fox Resorts expands its portfolio with the opening of its new luxury wellness hotel in Kirinda, Yala. Combining an intimate beachfront setting with Ayurveda-inspired therapies, yoga, meditation, nutrition, mindfulness and curated wellness programmes, the property will offer travellers to and within Sri Lanka a distinctive new wellness experience rooted in nature and Sri Lankan hospitality.

“We are immensely proud of this recognition, and particularly proud of the team that earned it,” said Chris Quyn, CEO of Fox Resorts. “Our guests are at the heart of everything we do, and this award reflects the care, consistency and warmth our teams bring to them every day. As we expand into Yala and wellness, those same values will continue to define Fox Resorts.”

The South Asian Travel Awards, established in 2016, is one of the region’s recognised platforms for excellence in travel, tourism and hospitality, with nominees assessed through a rigorous process incorporating independent industry evaluation and public voting.

For Fox Resorts, being named Leading Hospitality Development Company 2026 is a proud recognition of how far the company, its people and its properties have come — and a strong foundation for the next stage of its growth.

Above all, it is an achievement shared by every member of the Fox Resorts team and every guest who has been part of its journey.



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Business

Business, economic heavyweights converge in Colombo

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Senior business leaders, economists and international development experts, alongside the Prime Minister of Sri Lanka, will headline the Sri Lanka Economic & Investment Summit 2026, organised by The Ceylon Chamber of Commerce on 12 and 13 October at the Shangri-La Colombo.

The Summit will open with a keynote address by T. Krishnakumar, Chief Executive Officer, Reliance Consumer Products Ltd, who brings more than four decades of experience in the consumer brands and FMCG sectors. Having previously served as President of Coca-Cola India and Southwest Asia, with extensive experience in building businesses and driving growth across emerging markets, Krishnakumar, more popularly known as Kk, now leads Reliance Consumer Products as it expands across categories and builds new customer, partnership and market opportunities.

Day 2 will bring together four international perspectives across discussions on economic resilience, regional connectivity, sector growth and digital transformation.

Lilia Aleksanyan, Senior Country Economist for Sri Lanka at the Asian Development Bank, will open the day’s discussions with a focus on Sri Lanka’s economic resilience. Her work covers the country’s macroeconomic outlook, policy advice and macro-fiscal and financial-sector reform. Her international policy experience also includes roles at the French Ministry of Finance and the French Central Bank.

The Summit will then turn to Sri Lanka’s connections with regional markets, with P. D. Singh, Chief Executive Officer, India & South Asia, Standard Chartered Bank, delivering the keynote for the session on trade corridors and value chains. Singh counts close to three decades of experience in banking and finance, with senior leadership roles spanning Standard Chartered, JPMorgan Chase Bank and HSBC.

The Sector Deep Dives will bring international perspectives to discussions on healthcare and energy.

Tushar Shroff, Chief Financial Officer, Zydus Lifesciences Ltd, will deliver the keynote for the healthcare discussion, drawing on more than three decades of experience in corporate finance, strategic investment and financial transformation. His career spans senior finance and leadership roles with ABB, Piramal Healthcare, Intas Pharmaceuticals and Vedanta Group, giving him a broad perspective on the business and investment decisions shaping the healthcare sector.

For the energy-focused deep dive, Edore Onomakpome, Regional Infrastructure Industry Manager for Bangladesh, Sri Lanka and Nepal at the International Finance Corporation, will bring extensive experience in infrastructure investment and project finance across emerging markets. Since joining IFC in 2013, she has held senior roles across Africa and South Asia, including managing IFC’s infrastructure portfolio across 16 countries.

The Summit will conclude its keynote programme with Prime Minister Dr. Harini Amarasuriya, who will deliver the keynote for “Nation Building in the Digital Age.” The Prime Minister also oversees the Ministry of Education, Higher Education and Vocational Education, bringing a direct policy perspective to discussions on digital transformation, innovation, education and the skills needed for a changing economy.

Together, these perspectives will bring regional, international and policy insight to SLEIS 2026 as Sri Lanka considers how to strengthen economic resilience, attract investment, deepen regional connections and develop new sources of growth.

Held under the theme “Positioning Sri Lanka in a Changing Global Economy: Resilience, Reform, and the Future of Economic Policy,” SLEIS 2026 will take place on 12 and 13 October 2026 at the Shangri-La Colombo.

The Sri Lanka Economic & Investment Summit 2026 is supported by its valued sponsors and partners. Platinum Sponsor – Standard Chartered Bank Sri Lanka, Gold Sponsor – VISA Worldwide (Pvt) Ltd., Bronze Sponsor – South Asia Gateway Terminals (Pvt) Ltd., Strategic Development Partner – Asian Development Bank, Telecommunication Partner – Dialog Telecommunication, Television Partner – Dialog Television, Session Sponsors – David Pieris Motor Company (Pvt) Ltd., Hemas Holdings PLC, Sunshine Holdings PLC, International Construction Consortium (Pvt) Ltd., Microsoft Sri Lanka (Pvt) Limited, Official Logistics Partner – Hayleys Advantis Limited, Official Airline – SriLankan Airlines Ltd., Official Hospitality Partner – Shangri-La Colombo, Airline Partner – China Eastern Air Holding Co. Ltd.

Registrations for SLEIS 2026 are now closed. The Ceylon Chamber looks forward to welcoming participants to the discussions on Sri Lanka’s future trajectory on 12 and 13 October.

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Commercial Bank launches ‘Prestige’ banking for HNW clients

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Sharhan Muhseen, Chairman of Commercial Bank flanked by Sanath Manatunge, Managing Director/CEO and Hasrath Munasinghe, Executive Director/Chief Operating Officer at the launch of Commercial Bank Prestige Banking

Commercial Bank of Ceylon has launched ‘Prestige’, a three-tier banking proposition aimed at high-net-worth (HNW) clients, combining wealth management, advisory services and lifestyle benefits.

The initiative replaces the bank’s existing ‘Elite’ private banking brand with Ruby, Sapphire and Diamond tiers, designed to cater to customers according to their wealth profiles and banking relationships.

The bank said Prestige would provide dedicated relationship managers, priority branch services, preferential rates on loans and deposits, enhanced card privileges, family banking programmes and offshore account solutions.

Its wealth and investment management services include access to capital-protected income solutions, dual-currency investments, institutional deals and estate and portfolio governance.

Clients will also have access to specialist financial and corporate advisory services, including assistance with international relocation, overseas property and capital repatriation.

The programme includes lifestyle benefits such as VIP airport lounge access, travel concierge services, property management and medical coordination, as well as access to selected art and culinary events.

The bank said its flagship Prestige banking residence at R.G. Senanayake Mawatha, Colombo 07, had been refurbished, with the service to be extended to other economically important cities.

Commercial Bank Managing Director/CEO Sanath Manatunge said Prestige was intended to support customers in managing their wealth, business interests, family needs and long-term legacy.

Existing Elite clients are being transitioned to the new programme, the bank said.

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Ceylinco Life rewards 80 sales achievers with overseas tours

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Ceylinco Life has rewarded 80 members of its sales force with overseas tours to Vietnam and China for their outstanding performance in the company’s 2025 sales competitions.

The group comprised 62 sales achievers who travelled to Vietnam and 18 who visited China.

The Vietnam tour included visits to Hanoi’s Ho Chi Minh Complex, One Pillar Pagoda, Tran Quoc Pagoda and Hoan Kiem Lake. The group also travelled to Ha Long Bay, where they went on an Aurora Cruise and explored attractions including Sung Sot Cave, Luun Cave and Titop Island.

The tour also featured a sunset party aboard the cruise, with music and refreshments.

The 18 achievers who travelled to China visited several of Beijing’s major historical and cultural attractions, including Tiananmen Square, the Forbidden City and the Summer Palace. They also took a boat ride on Kunming Lake.

A highlight of the China tour was a visit to the Mutianyu section of the Great Wall, including a round-trip cable car ride. The group also attended an acrobatic show at Chaoyang Theatre and visited the Panda Garden at Beijing Zoo.

The company said the tours were organised to recognise and reward sales personnel for their performance and achievements.

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