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Monday November 9th, 2026

Sri Lanka scrambles after Navy Coronavirus cluster that fanned out in curfew, Covid-19 count 619

ECONOMYNEXT – Sri Lanka is focusing on containing a Navy Coronavirus cluster where infected sailors and most close contacts in many districts have already been located, officials said as efforts were also under way to mop up persons linked to underserved areas in Colombo.

On Tuesday, 31 cases had been confirmed, mostly Navy officers and their contacts, down from 65 a day earlier, which was also mostly by sailors.

“The big increase in Coronavirus cases were due to the problem with Navy sailors,” Director of Health Services Anil Jasinghe told Sri Lanka’s Derana Television.

“We are now coming towards the end of identifying infected sailors. That is why it went up and is gradually coming down.”

Sri Lanka health officials and intelligence officials had located round 200 sailors.

New Coronavirus infections turned up in multiple districts around the country from sailors who had gone home during a curfew when inter district travel was banned.

It is not clear whether Sri Lanka carried out random tests among military officers or public health inspectors who are involved in contact tracing and quarantine work to find asymptomatic persons.

There have been calls to test high-risk individuals in contact tracing/quarantine, cleaning staff in hospitals, hotels, and also front office staff, drivers and cleaners of businesses when curfews are relaxed.

Travelling in Curfew

The Navy cluster was discovered when a symptomatic sailor, from the Welisara camp turned up at Welikanda hospital halfway across the country during Coronavirus curfews when no one was expected to travel between districts.

A banana trader who had taken several sailors from the navy base in Welisara, as well as army officers on leave, had been told to self-isolate at home. He had taken a sailor on leave to Lunugamvehera who had been later confirmed with Coronavirus.

“One person from the Army and one person from the navy got in,” one the truck owner told reporters.

A soldier had come in a truck some distance at the back and then some distance inside. Officers manning checkpoints had at times asked truck owners to take soldiers during curfew, television reports said.

Jasinghe said Public Health Officers and intelligence officers were working swiftly to identify military officers on leave and their contacts.

Watching Out

On April 28, out of the 31 confirmed cases, 21 were sailors, 04 were from the Army, 06 were close contacts of sailors, mostly family members or neighbors, Jasinghe said.

“Our next problem is when the numbers of sailors go down we have to watch whether the numbers of cases among their contacts will go up,” Jasinghe said.

“That is what health service staff and intelligence officials are watching closely.”

Of the April 28 cases, 15 were from inside the Welisara camp. Others were from sailors in Medirigiriya, Aranayake, Agalawatte, Polpithigama, and Habarana.

On April 27, a person was found from 60-Watte, an underserved settlement in Colombo, linked to the Bandaranaike Pura large cluster in Colombo which started with a person who had gone on a pilgrimage to India.

In Havelock Lane, a person from Colombo Municipality sanitation staff had been confirmed. The driver of the truck was a confirmed person from Bandaranaike Mawatha.

Jasinghe said samples were being taken from sanitation workers.

In Dabare Mawatha, originally a person who returned from the Maldives was confirmed. Samples were taken from the area too.

“At first we did not get confirmations but the day before (April 27) we got two. The Bandaranaike and Keselwatte clusters are now mostly under control. We have to keep it at that level.”
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Containment Action

Reports came in from around the country over the last three days of multiple actions taken by health officers to identify and contain the spread of Coronavirus from military officers on leave, who had fanned out across the country.

There were also reports that infections from sailors had spread to members of other forces who had taken part in musical shows. Musical shows had been banned as part of anti-Coroanvirus measures to stop people from gathering

On April 27, Derana television said an Air Force officer was confirmed with Coronavirus while on quarantine.

He was quarantined after he took part in a musical show on April 12 with two members of the Welisara navy camp band. But the two had not been confirmed with Coronavirus up to that point.

About 60 persons who were contacts of the Air Force officer had been quarantined.

About 180 army officers were quarantined at a Biyagama festival hall as part of containment measures.

Sri Lanka imposed a nationwide full day curfew on April 27 to bring back Navy and other military officers on leave.

On April 26, out of 63 persons confirmed 53 were sailors. There were 17 inside the camp, 37 from outside, 5 in quarantine, and the rest their close contacts.

In Anuradhapura on April 27, a young man was confirmed with Coronavirus at the teaching hospital. He had played carom and with two women navy officer who had come on leave from Welisara navy, public health officers told reporters.

Expanding Cluster

On that day the father of another confirmed case in Saliyapura was also hospitalized and 25 houses had been isolated.

The wife and 2.5-year old relation of the sailor confirmed in the Sevangala area in Moneragala had also been isolated.

She had operated a salon in Thanamalwila where at least one nurse from Kamburupitiya hospital had come. The emergency treatment unit of Kamburupitiya base hospital had been disinfected and 08 had been isolated.

About 10 persons may have been served at the hospital that day and 05 had already been identified by up that time, regional health officers told reporters.

On April 18 a sailor on leave from Welisara had come to Biyagama, and on April 23 he had shown symptoms and had been taken to Ragama hospital to be confirmed. He had gone to a salon to cut his hair at a barbershop in a nearby location called Peragahamulla.

As a result Prathiba Mawatha, Divulgama Mawatha and Malwatte Mawatha, in the area with a population of around 1,000 persons had been isolated.

Meanwhile, efforts were also underway to distance military personnel in barracks, in a bid to reduce the risks of infection.

Sri Lanka’s military chief Shavendra Silva had said some schools near military bases could be used to expand the barracks so that health army officers could maintain social distance as a safeguard for the future.

But schools would not be used as quarantine centres, General Silva said. (Colombo/Apr29/2020-sb)

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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