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Monday November 9th, 2026

Sri Lanka can employ ‘ed tech’ to make education more equitable: study

ECONOMYNEXT – Despite having achieved near-universal participation in education, Sri Lanka has a long way to go in achieving equitable education for vulnerable groups, the Institute of Policy Studies (IPS) said, proposing ‘ed tech’, or education technology, as a possible solution.

A blog authored by IPS Research Assistant Himani Vithanage noted that children with disabilities, out-of-school children, school dropouts, migrant workers’ children, and children from minority communities are among those that do not receive equal access to education in the island nation.

“A recent regional study conducted by IPS highlights examples from the Middle East and North Africa (MENA) and Asia on how technology can be used to bridge these gaps. However, the study reveals that compared to several other lower middle-income countries analysed within South Asia, Southeast Asia and MENA, Sri Lanka is not fully catering to the diverse educational needs of vulnerable children through its use of technology,” the author wrote.

Explaining ed tech, Vithanage said it is the use of technology in education to facilitate the teaching and learning processes and encompass hardware, software, infrastructure, and other digital content used for educational purposes. Examples of edtech include E-learning platforms, learning management systems (LMS), virtual classrooms, educational apps, educational games, educational television channels, and education management information systems (EMIS).

The uptake of edtech has grown over time, particularly during and after the COVID-19 pandemic which highlighted the important role played by technology in strengthening the resilience of education systems to crises and emergencies. After the pandemic in particular, wrote Vithanage, with technology becoming more accessible to users, new edtech initiatives have been developed while expanding the coverage of existing ones.

Several edtech initiatives in the MENA region are being deployed to improve access to education for underrepresented and vulnerable groups. For instance, the UNRWA eLearning Platform is a digital learning hub that provides access to remote learning material and resources specifically for Palestinian refugee students. This platform was developed with the aim to ensure continuity of learning, especially during times of crises such as the COVID-19 pandemic and is an ideal example of the use of edtech in improving the inclusivity of education, the IPS research assistant noted.

‘Sghartoon’ in Tunisia is a digital teletherapy platform that is designed to help children with learning disabilities such as dyslexia, through educational games. This platform enables therapists to manage the therapeutic path of children through its digital game library, patient management and calendar management tools.

Similarly, Asia boasts several successful initiatives like the ‘Basic Education Equivalency Program (BEEP)’ in Cambodia, an online programme, that targets young Cambodians who have dropped out of lower secondary school and supports them in completing their basic education online without disrupting their work.

In Pakistan, the ‘WonderTree’ programme provides therapeutic exercises for children with special needs through Augmented Reality (AR) based games, catering to the educational needs of children from various spectrums of motor and cognitive difficulties including Autism, Down Syndrome, and Global Development Delay. This is an instance of using edtech as a technology-enabled behavioural intervention that enhances the psychological well-being of students, illustrating the significant contribution that edtech can make to learning beyond conventional classroom settings.

While lack of access to education infrastructure in rural schools in India is an ongoing challenge, ‘OLabs’ (online labs for schools) is an initiative that targets children from underprivileged schools by making lab resources available readily (anytime) and remotely (anywhere) to students with no access to physical labs or where equipment is not available in their schools due to scarcity or cost. This initiative serves as an example of using technology to improve access to education infrastructure in rural schools.

There has also been a recent emergence of offline tech in certain countries, where some edtech programmes have been specifically developed to reduce the digital divide in education. Such edtech programmes do not require internet or electricity. One such example is the ‘Class Saathi’ initiative in South Korea and India which uses Bluetooth clickers to provide students and teachers from underprivileged areas lacking proper ICT infrastructure (internet and electricity) to access online content using offline and wireless technology. Such initiatives are innovative solutions that would enhance accessibility to edtech.

While Sri Lanka still has much to achieve in terms of inclusiveness and equitability of education, Vithanage wrote, these regional examples demonstrate how edtech can be used to capture the varied groups of vulnerable children including children from various spectrums of learning disabilities, out-of-school children, school dropouts, migrant workers’ children, children from minority communities etc. Therefore, she said, the focus should be directed towards developing targeted edtech initiatives that are specifically designed to address the needs of particular groups of children to ensure the inclusiveness of quality education through edtech. Some progress has been made in this regard, although there is a long way to go.

One important example in Sri Lanka is the ‘Nenasa’ programme which makes educational content available to rural students through its TV programmes, developed to reduce the urban-rural gap in access to educational material. Implementing such targeted initiatives would be a vital step in the progress of Sri Lanka’s education system.

“As there is mixed evidence on the role of technology in reducing disparities in education, especially because of the digital divide, promoting the use of offline tech is also a possibility for Sri Lanka as evident from the Class Saathi initiative.

“Despite the government’s recent efforts to improve access to technology in facilitating edtech, that solely is insufficient and ineffective in improving inclusiveness in education. Rather, targeted, strategic and innovative measures should be taken to ensure that the implementation of edtech is effective in promoting inclusiveness in education for marginalised and vulnerable groups of children in Sri Lanka. Furthermore, in addition to introducing such targeted edtech initiatives, it should be followed by providing adequate teacher pre-service and in-service training to ensure the effective incorporation of technology in education.” (Colombo/Jan26/2024)

Sri Lanka stocks close up 1.37-pct, banks lead turnover

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed up on Monday, CSE data showed, with the benchmark All Share Price Index moving up 1.37 percent.

The ASPI was up 291.72 points at 21,531.37, while the more liquid S&P SL20 was up 1.67 percent, or 100.96 points, at 6,146.34.

Positive contributors to the ASPI were Commercial Bank of Ceylon (up 2.86 percent at 216.00 rupees), Hatton National Bank (up 1.52 percent at 399.75 rupees), Asiri Hospital Holdings (up 12.86 percent at 31.60 rupees), Tokyo Cement Company (up 5.22 percent at 84.70 rupees), and Access Engineering (up 3.93 percent at 81.90 rupees).

Carson Cumberbatch (down 4.24 percent at 712.00 rupees), Richard Pieris and Company (down 2.43 percent at 28.10 rupees), LOLC Holdings (down 0.62 percent at 400.00 rupees), Renuka Holdings (down 2.63 percent at 37.00 rupees), and Chevron Lubricants Lanka (down 0.61 percent at 204.25 rupees) were top negative contributors.

Market turnover was 3.33 billion rupees. The S&P/CSE Banks Industry Group led turnover with 667.76 million rupees.

The session saw heavy crossings, according to Raynal Wickremeratne, Head of Research and Strategy at NDB Securities. Significant crossings included Keells (23 million rupees), Distilleries Company (27.7 million rupees), Sunshine Holdings (30.6 million rupees), Commercial Bank (32.4 million rupees), Ceylon Tobacco Company (35.6 million rupees), Hatton National Bank (39.5 million rupees), Prime Lands (40.5 million rupees), and HAS Holdings (41.5 million rupees).

In corporate news, Hayleys Retail Holdings Ltd announced it has partnered with supply chain software provider Blue Yonder to build and scale an AI-native grocery supermarket chain across Sri Lanka. (Colombo/Nov09/2026)

 

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Sri Lanka’s Hayleys Retail to launch supermarket chain with Blue Yonder

ECONOMYNEXT — Hayleys Retail Holdings Ltd has selected supply chain software provider Blue Yonder to build its grocery retail operations from the ground up, the two companies said in a joint statement.

Hayleys Retail, a member of Sri Lanka’s diversified conglomerate Hayleys Group, plans to open several stores in the near future to serve consumers across the country. The agreement marks Blue Yonder’s first retail customer in Sri Lanka.

“Our entry into supermarket retail is about bringing that same commitment to quality and reliability closer to everyday Sri Lankan consumers,” Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC said.

“With Blue Yonder, our teams will have AI-driven insight to deliver a seamless, consistent shopping experience across every store,” he said.

Hayleys, which accounts for approximately 5 percent of Sri Lanka’s export income and operates across 17 business sectors, is entering the large-scale supermarket space by drawing on its group strengths in manufacturing, logistics, and services.

The company selected Blue Yonder to connect its data across merchandising and shelf space, deploy artificial intelligence agents to catch operational issues early, and scale its business into a national network without changing platforms.

The rollout will begin with merchandise operations to manage suppliers, items, costs, and pricing, followed by machine learning capabilities to forecast demand and balance store inventory during seasonal peaks.

“Hayleys Retail is choosing one where AI is the foundation rather than an add-on—connected data and agentic AI built into core merchandising operations, and planning that learns as the business grows,” Antonio Boccalandro, President, APAC at Blue Yonder said.

The retailer plans to use the platform to automate routine store tasks and adjust inventory according to real-time sales and local market trends as its store footprint grows. (Colombo/Nov09/2026)

 

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Sri Lanka’s Citrus Leisure extends Lotus Tower management pact

ECONOMYNEXT – Sri Lanka listed hospitality firm Citrus Leisure said it has extended an agreement to manage consumer-facing and entertainment spaces at the Colombo Lotus Tower, which includes revolving restaurant Blue Orbit, until June next year.

The initial agreement signed between Citrus Leisure and Colombo Lotus Tower Management Company (Private) Limited (CLTMC) is due to expire on December 11.

“The Board of Directors of CLTMC at meeting held on 2nd November 2026 has resolved to extend the term of the Management Agreement and continue the existing Management Agreement until 30th June 2027, to which the company has given its concurrence,” the company said in a market filing.

Citrus Leisure Plc opened its revolving restaurant at the Lotus Tower in December 2023.

The company signed a 3-year agreement with CLTMC in May 2023 to provide services in the management of (l) the banquet hall 1 on the 25th floor, (2) the banquet hall 2 on the 26th floor, (3) the revolving restaurant on the 27th floor, (4) the 6 suites situated on the 28th floor and the kitchen in the basement floor of the Colombo Lotus Tower.

The 350-meter or 1,150-feet tower, the tallest in South Asia, was built at a cost 104.3 million US dollars with 80 percent of the money borrowed from Exim Bank of China.

Located in the commercial heart of Colombo, the tower has been called a symbolic landmark of Sri Lanka as well as a colossal white elephant and has been mired in controversy for years. (Colombo/Nov9/2026)

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CIC Holdings Sept quarter net profit rises 20-pct to Rs1.7bn

ECONOMYNEXT — Sri Lanka conglomerate CIC Holdings recorded a net profit of 1.66 billion rupees for the quarter ended September 30, rising 20.3 percent from 1.38 billion rupees in the same quarter last year, interim accounts showed.

The group posted basic earnings per share of 0.87 rupees for the September quarter, up from 0.73 rupees a year earlier.

Quarterly revenue grew 3.4 percent to 20.89 billion rupees from 20.20 billion rupees, supported by broad-based growth across industrial solutions, livestock, and healthcare segments, which counterbalanced relative demand moderation in agricultural inputs.

Cost of sales rose 5.3 percent to 15.20 billion rupees, outpacing revenue growth and causing gross profit to contract marginally by 1.2 percent to 5.68 billion rupees.

Results from operating activities dropped 7.3 percent to 2.66 billion rupees from 2.87 billion rupees, impacted by higher operating overheads.

Selling expenses expanded 6.8 percent to 2.15 billion rupees, and general and administrative expenses climbed 5.8 percent to 1.07 billion rupees, while other operating income dropped 29.6 percent to 117.40 million rupees.

However, operating profits were cushioned by an impairment reversal on trade receivables of 85.83 million rupees, turning around from an impairment provision of 23.38 million rupees in the corresponding quarter last year.

Net finance costs climbed 35.4 percent to 712.25 million rupees from 526.01 million rupees.

The increase was driven by a 30.8 percent rise in finance expenses to 771.46 million rupees, primarily reflecting higher interest expenses on loans to finance elevated working capital and inventory requirements.

The quarter’s bottom line was strongly bolstered by CIC’s equity-accounted investment in John Keells Holdings PLC (JKH).

Share of profit from equity-accounted investees surged more than fourfold to 590.50 million rupees from 257.87 million rupees, driven by JKH’s strong profit expansion during the period.

The group also recognized a gain on bargain purchase of 55.59 million rupees during the quarter resulting from additional share purchases in JKH where the proportionate net asset value exceeded acquisition cost, compared to no such gain a year earlier.

With associate income gains offsetting operating margin contraction and higher borrowing costs, group pre-tax profit held virtually flat at 2.59 billion rupees, down 0.11 percent.

Income tax expense fell 29.4 percent to 606.24 million rupees from 858.71 million rupees, driving total group profit for the period up 14.1 percent to 1.98 billion rupees.

Total group assets stood at 108.58 billion rupees as of September 30, up from 99.75 billion rupees at the end of March 2026.

Group net asset value per share increased to 25.52 rupees from 22.10 rupees a year earlier.

CIC Holdings’ ordinary voting shares closed at 27.80 rupees at the end of September.(Colombo/Nov09/2026)

 

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Sri Lanka stocks trend up; ASPI gains 0.78-pct

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange was trading higher on Monday, CSE data showed, with the benchmark All Share Price Index moving up 0.78 percent.

The ASPI was up 165.73 points at 21,405.38, while the more liquid S&P SL20 was up 0.61 percent, or 37.04 points, at 6,082.42.

Positive contributors to the ASPI were Commercial Bank (up 1.55 percent at 213.25 rupees), Ceylon Cold Stores (up 2.61 percent at 128.00 rupees), Asiri Hospital Holdings (up 10.00 percent at 30.80 rupees), Hemas Holdings (up 1.27 percent at 32.00 rupees), and Ambeon Holdings (up 6.02 percent at 37.00 rupees).

Namunukula Plantations (down 3.92 percent at 63.70 rupees), LOLC Holdings (down 0.62 percent at 400.00 rupees), and Chevron Lubricants Lanka (down 0.12 percent at 205.25 rupees) were top negative contributors.

Market turnover was 428.31 million rupees. Capital goods led turnover with 82.53 million rupees. (Colombo/Nov09/2026)

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Sri Lanka rupee at 332.54/58 to US dollar spot, bond yields steady

ECONOMYNEXT – Sri Lanka’s rupee was quoted at 332.54/58 to the US dollar spot on Monday, stronger from 332.55/60 Friday, while bond yields held broadly steady, dealers said.

A bond maturing on 15.09.2029 was quoted at 10.90/95 percent, up from 10.85/95 percent.

A bond maturing on 01.08.2030 was quoted at 11.00/10 percent, down from 11.05/10 percent.

A bond maturing on 01.02.2031 was quoted at 11.10/20 percent, up from 11.10/15 percent.

A bond maturing on 15.12.2032 was quoted at 11.58/68 percent, up from 11.55/65 percent.

A bond maturing on 01.06.2033 was quoted at 11.80/95 percent, up from 11.80/85 percent.

A bond maturing on 15.10.2034 was quoted at 12.08/15 percent, up from 12.05/12 percent.

A bond maturing on 15.08.2036 was quoted flat at 12.30/40 percent.

The telegraphic transfer rate for the dollar was 328.05 buying, 337.05 selling; the euro was 363.3528 buying, 377.1336 selling; pound was 437.5954 buying, 451.7038 selling.

On the Colombo Stock Exchange the All Share Price Index was up 0.78 percent, or 165.42 points, at 21,405; while the S&P SL20 was up 0.58 percent, 35.19 points, at 6,080.

90,000 million rupees Treasury bills are to be issued through an auction on November 11. (Colombo/Nov9/2026)

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