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Monday November 9th, 2026

WHO warns over Covid ‘immunity passports’ as global death toll tops 200,000

AFP – The global death toll in the novel coronavirus pandemic soared past the grim 200,000 milestone on Sunday, as the World Health Organization warned against “immunity passports” for recovered patients, seen as a possible tool for countries preparing to re-open their economies.

The WHO opposes such “passports” because recovery from the virus might not protect a person from reinfection.

“There is currently no evidence that people who have recovered from #COVID19 and have antibodies are protected from a second infection,” the UN health body said in a statement.

Meanwhile hundreds of millions of Muslims around the world spent the second day of the Ramadan holy month out of mosques and avoiding large family meals to break the fast because of sequestration and social distancing policies.

And Australians and New Zealanders marked Anzac Day without the normal parades and public ceremonies to commemorate fallen soldiers. Instead, under social distancing policies, people held dawn vigils in front of their homes.

Even as governments from Sri Lanka to Belgium to the United States began moving in the direction of partial reopening, the COVID-19 pandemic still had nearly half of humanity under some form of lockdown or confinement.

Total cases around the world rose to 2.86 million and deaths mounted past the 200,000 mark, doubling since April 10, according to an AFP tally.

Europe, the hardest-hit region, has recorded 122,171 coronavirus deaths.

The US toll rose by 2,494 over the past 24 hours to hit 53,511 deaths. The number of coronavirus cases in the United States jumped by nearly 46,000 to 936,293 since Friday.

In Italy, the number of COVID-19 fatalities rose to 26,384; Spain 22,902, France 22,614 and the United Kingdom 20,319.

– Reinfection warning-

The world remained in wait as companies and governments raced to develop treatments and, eventually, a vaccine for the virus, which first surfaced in China in late 2019.

The WHO warned on Saturday that people who test positive and survive infection cannot be certain they will not be hit again by the coronavirus.

The warning came as some governments study measures such as “immunity passports” for those who have recovered as one way to get people back to work after weeks of economic shutdown.

People holding such a “passport” may tend to ignore public health advice, such as continuing to wear facemasks, assuming they are not a danger to themselves or others, the WHO said.

That is a particular worry as testing becomes more widespread, especially testing for coronavirus antibodies, whose presence indicate a person had previously contracted the virus and recovered.

“If I’ve already had corona then I’m not infectious,” said Berlin resident Lothar Kopp, hoping to test positive for antibodies as it could allow him to visit his elderly mother.

Germany has carried out tens of thousands of tests and other countries are also working on determining so-called levels of immunity.

– Second round feared –

Despite Saturday’s grim milestone in virus fatalities, the daily toll in Western countries appeared to be levelling off and even falling, a sign hopeful epidemiologists had been looking for.

Likewise, new reported cases appear to have plateaued at about 80,000 a day.

But in many countries there were worries of a second surge after lockdown restrictions are eased, possibly also coinciding with a new flu season.

In hard-hit Iran, health officials Saturday raised fears of a “fresh outbreak” with another 76 fatalities declared, bringing the country’s official death toll to 5,650.

Iran has steadily allowed the restarting of businesses that were closed to stop the virus spread. But Alireza Zali, a health coordinator for the capital, criticised “hasty reopenings” that could “create new waves of sickness in Tehran”.

In Washington, the White House’s top pandemic advisor Anthony Fauci said this week that the United States will certainly have a coronavirus problem in the fall, which could be complicated by the return of the seasonal flu toward year-end.

– At the beach –

Even so, the pressure from broken economies and citizens frustrated by stay-at-home orders had areas pushing to open up.

German police arrested dozens of protesters in Berlin on Saturday for flouting the coronavirus lockdown measures they were demonstrating against.

The governor of the US state of Georgia rejected warnings from top disease experts and allowed businesses like hair dressers, nail salons and bowling alleys to reopen.

On Saturday many Georgians embraced the return to something resembling normalcy by flocking to the beach.

“It feels great — like it’s supposed to feel,” mother and housewife Rachel Lilly, 39, told AFP, barely lifting her head from her watermelon-themed towel as she relaxed under a cloudless sky on Tybee Island.

“I’m not concerned” about catching coronavirus, “as long as it’s not packed,” she said.

“But if everyone does what we’re doing, that’s a problem.”

In southern California thousands flouted policies to stay indoors and headed to beaches amid a heat wave.

On Friday, Belgium’s Prime Minister Sophie Wilmes announced a staggered plan for reopening businesses and schools in mid-May and restaurants beginning on June 8.

“The spread of COVID-19 has been slowed down, but the virus has not disappeared,” she warned.

Italy, nearing the end of the world’s longest active lockdown, announced plans Saturday to set price limits on face masks and ramp up antibody testing.

Italians are awaiting a decision this weekend about which restrictions will be lifted. They will probably be allowed to leave their homes freely for the first time since March 9 by early May.

Spaniards will be allowed out for exercise and to take walks starting next weekend, Prime Minister Pedro Sanchez announced Saturday.

The government will on Tuesday unveil its broader coronavirus exit plan that will likely be put into action in the second half of May, he said.

“If the pandemic keeps evolving positively as it has been doing until now, from May 2, individual physical activity will be permitted and walks with the people you live with,” he said.

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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