An Echelon Media Company
Monday November 9th, 2026

Sri Lanka needs better integration for adaptive social protection: IPS

ECONOMYNEXT – Sri Lanka possesses much of the necessary infrastructure for Adaptive Social Protection (ASP), but greater emphasis is needed on integrating these systems to establish a successful ASP framework amidst rising disasters related to weather the Institute of Policy Studies says.

ASP features include scalability, an integrated social registry and early warning systems.

“Sri Lanka is well-positioned to integrate an ASP system. The country currently possesses disaster risk reduction technologies such as flood and hazard risk maps maintained by the Disaster Management Centre,” Kavisha Batawala says in an IPS article.

However, the absence of integration of these technologies, fragmentation across multiple welfare schemes and manual verification processes continue to slow response time in transferring assistance.

“The key to ASP readiness lies not in building entirely new systems, but in integrating disaster risk mapping and digital identity platforms with the existing registry infrastructure.”

The full IPS article is produced below:

Forging Resilience through Adaptive Social Protection When Crises Collide
By Kavisha Batawala

– Adaptive Social Protection (ASP) requires the integration of social protection systems with disaster risk reduction strategies.
– Investing in infrastructure such as social registries, national identification systems, and early warning systems is essential for ASP implementation.
– Sri Lanka possesses much of the necessary infrastructure for ASP; however, greater emphasis is needed on integrating these systems to establish a successful ASP framework.

The World Meteorological Organization states that disasters related to weather, climate or water hazards occurred on average every day from 1970 to 2019. These disasters resulted in 115 deaths and economic losses worth USD 202 million, daily. Between 2019–2022, that is during the COVID-19 pandemic, global poverty rates rose by 8%, pushing 54 million people into poverty. Studies also show that climate change and disasters disproportionately affect low-income countries. Nine out of the 10 countries most exposed to the risk of flooding are low-income or middle-income countries such as Bangladesh, Iraq, Myanmar, etc. Poor households often lack the capacity to cope and recover from serious destruction related to such events, increasing their vulnerability. Furthermore, existing social protection schemes are less successful in meeting the needs of those affected during disasters. Such schemes often fail to scale up flexibly to meet surges in demand for support during shocks. As a result, Adaptive or Shock Responsive Social Protection (ASP) systems have been introduced to help vulnerable populations prepare for, cope with, and recover from shocks.

What is Adaptive Social Protection?

ASP responds to the widespread demand of using social protection (SP) as a tool to build the resilience of poor and vulnerable households to covariate shocks such as natural disasters, economic crises, pandemics, and forced displacement. Traditional SP systems fall short as they are primarily designed to address life cycle shocks that an individual could face such as job loss or illnesses. These systems fail to respond to large-scale covariate shocks as they are slower in identifying those affected, targeting beneficiaries, and dispatching support during emergencies.

In contrast, ASP addresses both life cycle and covariate shocks and can ideally recognise affected populations and dispatch benefits quickly, to meet the demand for support during such shocks. ASP is not a standalone system but an approach to strengthen existing SP programmes. To succeed in this, ASP requires the integration of social protection with disaster risk reduction and climate change adaptation policies. Such an integration enables a system to anticipate disasters and act promptly on forecasted or emerging shocks. Further, the systems can scale up swiftly through existing delivery mechanisms and coordinate effectively across governance structures to protect vulnerable populations before, during, and after a crisis.

Important Features of Adaptive Social Protection

A key ASP feature is the scalability. It is crucial that sufficient and immediate support reaches those affected during an emergency. This is achieved through vertical and horizontal expansion. Vertical expansion refers to a temporary increase in the benefit and/or duration of the programme during a crisis. Such an expansion needs to be supported by a horizontal expansion, which is a temporary increase in the beneficiaries enrolled either by expanding geographical coverage or adjusting the eligibility criteria.

For example, in response to the COVID-19 pandemic, Sri Lanka undertook both horizontal and vertical expansions of various social assistance programmes such as Samurdhi and the senior citizens’ assistance scheme. These extended their coverage to include individuals on existing waiting lists, thereby broadening the beneficiary base – a horizontal expansion. Simultaneously, the value of cash transfers under these programmes increased, reflecting a vertical expansion. For instance, Samurdhi recipients received a top-up of LKR 5,000 in addition to their regular benefits.

An integrated social registry is another key factor in ASP. Social registries are information systems used for outreach, intake, registration, and determination of potential eligibility for one or more social programmes. Integrated registries help the government to coordinate targeting across multiple programmes. For instance, poverty-targeting cash assistance, disability support, and labour market programmes, such as job placements, can be managed through a single registry. This allows different government agencies and programmes to share and use the same data about individuals and households. During a shock, governments can easily scale up assistance by targeting pre-identified at-risk households using registries and national identification systems.

Early Warning Systems (EWS) form another vital component of ASP. EWS detects and predicts hazards, assesses risks and shares timely information so that people, communities and organisations can take early action. Integrating such disaster risk reduction measures enhances the preparedness of SP systems. Furthermore, triggers can be established using climate data. Triggers act as predefined conditions, for example early signs of a drought, that, when met, activate an automatic rapid social protection response.

To address issues caused by erratic and insufficient rainfall, Uganda uses satellite-based tools to monitor vegetation and weather conditions. One such tool, provided by the Global Agriculture Monitoring System (GLAM), uses satellite data on rainfall and temperature to track the health of crops over time. When vegetation levels drop below certain thresholds, indicating poor rainfall, the system triggers alerts so that the government can act before a crisis unfolds.

This approach proved effective in June 2017, when early signs of crop failure were detected in Karamoja region. This early warning allowed the government to respond in advance by releasing USD 4.1 million, reaching around 28,600 households. Since the response came early, the government was able to save USD 2.6 million in food aid costs and redirect these funds to boost food security for households.

Adaptive Social Protection in Sri Lanka

Sri Lanka too is susceptible to various recurrent disasters such as flooding and landslides. Studies show that nearly half of the country’s population lacks disaster preparedness, increasing their vulnerability to rising climate risks. Sri Lanka has previously demonstrated some capacity to mobilise resources in response to covariate shocks. As mentioned before, during the COVID-19 pandemic, multiple rounds of cash transfers amounting to LKR 5,000 were given to affected groups. Initial cash transfers reached 66% of households, covering 97% of the poorest decile.

However, inefficiencies were noted, as significant portions of the population remained excluded, such as 31% of the third poorest decile, 31% of middle-income decile, over 30% of children under the age of 10 and 30% of people aged 70 or older. The absence of comprehensive data to rapidly identify vulnerable households resulted in reliance on existing social protection beneficiary lists, waiting lists and the use of local agents to manually identify others in need. This experience underscores the necessity for more effective targeting mechanisms, improved data systems and inclusive delivery approaches in Sri Lanka’s disaster response framework.

Sri Lanka is well-positioned to integrate an ASP system. The country currently possesses disaster risk reduction technologies such as flood and hazard risk maps maintained by the Disaster Management Centre. The recently launched Info-NDRSC disaster data system by National Disaster Relief Services Centre is an online platform which has real-time disaster situation reporting on information such as families affected and properties damaged in different areas of the island. However, the absence of integration of these technologies with the existing social registry hinders coordinated outreach and rapid identification of vulnerable populations during crises.

At present, the country uses the Welfare Benefits Information System (WBIS), a beneficiary list registry that consolidates data from social assistance programmes, such as Aswesuma, monthly senior citizen’s allowance scheme, etc., and allows cash transfers to be directly transferred to beneficiary bank accounts. However, fragmentation across multiple welfare schemes and manual verification processes continue to slow response time in transferring assistance. It is essential to boost the use of social registries and national identification systems to combine the delivery of social protection and disaster management efficiently.

The key to ASP readiness lies not in building entirely new systems, but in integrating disaster risk mapping and digital identity platforms with the existing registry infrastructure. Investing in human resources and service delivery mechanisms also plays a vital role in ensuring an effective shock response during challenging emergency conditions. (Colombo/Nov20/2025)

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)

Continue Reading

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)

 

Continue Reading

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)

 

Continue Reading

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)

Continue Reading

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)

 

Continue Reading

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)

Continue Reading