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Monday November 9th, 2026

Impeachment of Sri Lanka Attorney General sought by slain editor’s daughter

ECONOMYNEXT – The daughter of slain Sri Lanka editor Lasantha Wickrematunga, has called for the impeachment of Sri Lanka’s Attorney General following the shock release of suspects in her father’s death and a senior police officer arrested for destroying evidence.

AG Parinda Ranasingeh (Jr) ordered the release of three suspects, where evidence including a notebook where numbers of the motorcycles driven by the assassins were recorded.

Cabinet spokesman Minister Nalinda Jayatissa said Wednesday, the government was reviewing the matter.

“The facts of what transpired last week make clear that this decision was no accident,” Ahimsa Wickrematunga, said in a letter to Prime Minister Harini .

“It was no innocent mistake.”

The latest action was showed culture of “nonchalance, callousness, complacency and utter disregard for their duty to victims of crime and the witnesses who risk their lives to protect the integrity of our justice system,” she said.

“If Mr. Ranasinghe was not aware of the above facts when he made his decision, he is guilty of gross neglect of duty.

“If Mr. Ranasinghe was aware of the above facts when he made his decision, he is guilty of gross abuse of his office.

“In either event, he is no longer fit to serve as Attorney General. My family is fortunate that my father’s career and reputation resulted in this matter receiving wide publicity and publish outcry.

Thought grateful for President Anura Dissanayake for his attempts to get the Attorney General to act it was not his jobs, she said.

“However, it should not be the job of the head of state to brandish a fire extinguisher and chase behind an Attorney General who is running around with a box of matches,” Ahimsa Wickrematunga wrote.

“The Attorney General is responsible to Parliament. The only way to fulfill the government’s pledge to repair the justice system is to impeach him before Parliament and seek his removal from office.”

RELATED Key suspects ordered freed in high-profile Sri Lanka assassination

The full letter is reproduced below:

Hon. Harini Amarasuriya, M.P.,
Prime Minister of the Republic of Sri Lanka,
Temple Trees,
Colombo 03,
Sri Lanka

Dear Madam Prime Minister,

Call for impeachment of the Attorney General for gross abuse of power / gross neglect of duty in connection with the criminal proceedings on the assassination of Lasantha Wickrematunge

I write with grave concern about the action taken last week by the Attorney General, Mr. Parinda Ranasinghe, to discharge three individuals who had been named as suspects in Mount Lavinia Magistrates Court Case Number B 92/2009, the inquiry into the assassination of my father, Lasantha Wickrematunge. I am also grateful to your government for its swift announcement that it will review the decision despite the political risks stemming from the NPP’s pledge to foster a criminal justice system independent of political interference. However, I fear that the government believes that applying pressure on Mr. Ranasinghe to reverse his decision will be a sufficient solution.

The facts of what transpired last week make clear that this decision was no accident. It was no innocent mistake. It is the result of the culture that Mr. Ranasinghe has fostered and allowed to flourish in several parts of the Attorney General’s Department – a culture of nonchalance, callousness, complacency and utter disregard for their duty to victims of crime and the witnesses who risk their lives to protect the integrity of our justice system.

My father was ambushed and assassinated on January 8, 2009, as he drove to work. The attack took place in broad daylight inside the high security zone surrounding the Ratmalana Air Force Base. His assailants fled towards the base and were never identified. Neither the assassination nor its blatant coverup were ever seriously or credibly investigated until the case was transferred to the Criminal Investigation Department (CID) following the displacement of the Rajapaksa regime in 2015.

During the subsequent investigations from 2015 to 2019, the CID painstakingly investigated hundreds of leads and amassed a mountain of evidence totaling over 50 volumes of investigative material. To my knowledge, no single investigation in the history of the CID has ever been so meticulous. The CID understood that the only hope of uncovering the truth behind my father’s
assassination after so many years was to unravel the threads of how and why the crime was covered up.

In doing so, the CID followed up on the allegation that my father’s driver had been abducted and threatened. In doing so, they published a sketch of the suspect and published it with the permission of the Mount Lavinia magistrate. They then investigated possible suspects leading to the arrest of Premananda Udalagama, who was identified in a parade.

The CID also investigated why there was no record of my father’s field notebook in the crime scene evidence. On the day my father was killed, his notebook had been widely recorded in the media, on the front seat of his car, smeared in his blood, with two motorcycle numbers written on its cover.

These investigations led the CID to discover that the initial inquiry officer, Tissa Sugathapala of the Mount Lavinia Police, had indeed discovered my father’s notebook, separated and documented it in his branch’s evidence register.

He had taken note of the motorcycle numbers, assessed that they were written by my father, and he began investigating those numbers, having made the appropriate entries in police records and informing his superiors.

However, after police leadership learned that Inspector Sugathapala had found a lead to identify my father’s assailants, he was summoned to the office of the Deputy Inspector General of Police (DIG) for the Colombo South Range, Prasanna Nanayakkara.

Inspector Sugathapala was ordered to bring with him the field notebook and all police records that mentioned it. This was an extremely irregular request, as such records are almost never meant to be removed from a police station.

Therefore, Inspector Sugathapala took steps to make and hide photocopies of my father’s notebook as well as all the relevant pages of the police investigation books (IBs) and production registers on his way to the DIG’s office. While at the DIG’s office, Inspector Sugathapala alleges that DIG Nanayakkara ordered him to rip out the pages of the IBs and production registers on which the notebook was mentioned, and to surrender the pages to him along with the notebook.

The DIG allegedly told the Inspector to doctor the original records to mask any records of the notebook’s existence, and warned him that if he continued investigating the murder, my father’s fate would await him too.

This account was corroborated by Inspector Sugathapala’s Senior Superintendent of Police (SSP) Hemantha Adikari, who was an eyewitness to the events. Several then officers of the Mount Lavinia Police have also corroborated Inspector Sugathapala’s discovery of the notebook, and hastily making copies after being summoned with the registers and evidence to the DIG’s office.

DIG Nanayakkara on the other hand has denied on the record that my father’s field notebook was produced into evidence.

Furthermore, the CID discovered that DIG Nanayakkara had also been in close contact with the Judicial Medical Officer, K. Sunil Kumara, who originally fabricated a series of false medical reports claiming my father had shot himself. When questioned by the CID, unlike most of the other officers, Mr. Nanayakkara claimed to have no recollection of any of these events.

A review of these facts alone, all of which have been reported in open court and widely reported in the media, cannot lead any right minded individual to conclude, as Mr. Ranasinghe did, that there was “no material” to support an allegation of destruction of evidence by either DIG Nanayakkara or Inspector Sugathapala.

Any lawyer who had ever forwarded an indictment or won a conviction in a high court trial would appreciate the mountain of evidence against DIG Nanayakkara, and the value of Inspector Sugathapala as a prosecution witness against those who sought to prevent an investigation into my father’s assassination.

If there was a gap in the evidence, any competent prosecutor would have directed the CID to conduct further investigations, not to throw out one of the most critical investigative avenues in this case outright. I understand, however, that during Mr. Ranasinghe’s career, he has never won a single prosecution of a single accused for any offence.

To understand the gravity of Mr. Ranasinghe’s neglect of duty and abuse of prosecutorial discretion, it is also important to consider the circumstances under which the Attorney General’s Department opened a file into my father’s assassination, CR1/40/2020.

Following the victory of the Sri Lanka Podujana Peramuna (SLPP) in November 2019, the new government moved swiftly to dismantle and scuttle all ongoing criminal investigations into complex or emblematic crimes, and to punish those police officers who dared to investigate these crimes as well as witnesses who had dared to come forward.

As a part of this effort, the new CID leadership cherry-picked a smattering of evidence and forwarded a request to the Attorney General’s Department in 2020 to discharge all suspects and to wind down investigations.

The material forwarded did not highlight most of the facts that are outlined above.

The then Attorney General, Dappula De Livera, was aware of what the government was trying to do and instructed his officers, at great risk to themselves, to decline the CID request and to withhold a formal response, thereby preventing the CID from taking further action in connection with the case until investigations could one day resume.

I became aware of these facts through correspondence I began with the National Police Commission (NPC) on June 17, 2020, to protest the appointment of another suspect in my father’s case as the Director of the CID.

The NPC confirmed to me on January 11, 2021, that the then CID Director, SSP Prasanna Alwis, was indeed suspected of sabotaging my father’s investigations.

They however took no action to remove him or protect the integrity of the investigations. I wrote back on March 9, 2021, copying the Attorney General, referencing his file number, CR1/40/2020, highlighting the risks to the integrity of the investigations.

Yet it is these doctored and cherry-picked extracts from five years ago that Mr. Ranasinghe relied upon to reach his decision to drop the cases against Premananda Udalagama and DIG Nanayakkara.

This is a simple matter.

If Mr. Ranasinghe was not aware of the above facts when he made his decision, he is guilty of gross neglect of duty.

If Mr. Ranasinghe was aware of the above facts when he made his decision, he is guilty of gross abuse of his office.

In either event, he is no longer fit to serve as Attorney General. My family is fortunate that my father’s career and reputation resulted in this matter receiving wide publicity and publish outcry.

But if the Attorney General could act so callously in such a high-profile matter, I cannot imagine the anguish suffered by ordinary people who rely on Mr. Ranasinghe to lead the public’s efforts to bring criminals to account.

I could not be more grateful to President Anura Kumara Dissanayake for his ceaseless attempts to hold the Attorney General to account.

However, it should not be the job of the head of state to brandish a fire extinguisher and chase behind an Attorney General who is running around with a box of matches.

The Attorney General is responsible to Parliament. The only way to fulfill the government’s pledge to repair the justice system is to impeach him before Parliament and seek his removal from office.

Yours Sincerely,

Ahimsa Wickrematung

Sri Lanka rupee closes at 332.53/59 to US dollar spot, bond yields edge up

ECONOMYNEXT – Sri Lanka’s rupee closed at 332.53/59 to the US dollar spot on Monday, from 332.55/60 the previous day, while bond yields closed higher, dealers said.

A bond maturing on 15.09.2029 closed at 190/98 percent, up from 10.85/95 percent.

A bond maturing on 01.08.2030 closed at 11.07/12 percent, up from 11.05/10 percent.

A bond maturing on 01.02.2031 closed at 11.30/40 percent, up from 11.10/15 percent.

A bond maturing on 15.12.2032 closed at 11.65/70 percent, up from 11.55/65 percent.

A bond maturing on 01.11.2033 closed at 11.95/12.00 percent, up from 11.90/95 percent.

A bond maturing on 15.10.2034 closed at 12.10/15 percent, up from 12.05/12 percent.

A bond maturing on 15.08.2036 closed at 12.40/50 percent, up from 12.30/40 percent. (Colombo/Nov9/2026)

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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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