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Monday November 9th, 2026

Global Coronavirus: Europe lifts virus shutters as Japan ends emergency

NEW YORK, NY – MARCH 16: Inverted chairs are seen at the closed Tartinery cafe in Grand Central Terminal during rush hour as the coronavirus continues to spread across the United States on March 16, 2020 in New York City. The World Health Organization declared coronavirus (COVID-19) a global pandemic on March 11th. Dia Dipasupil/Getty Images/AFP

AFP – Europeans flocked to parks, gyms and pools on Monday as more countries eased coronavirus restrictions, while Japan lifted its state of emergency but urged vigilance to avoid another wave of infections.

In the United States, as the pandemic death toll approached the horrific milestone of 100,000, stir-crazy Americans also headed en masse to beaches and parks for the big Memorial Day weekend.

While many Americans wore masks and followed distancing rules, many did not — and images of packed pools and boardwalks triggered fears of a new flare up of the virus that has infected more than 5.4 million worldwide and killed more than 344,000, according to an AFP tally.

Meanwhile, hopes that anti-malaria drug hydroxychloroquine could be used as a potential treatment for the virus were quashed as the World Health Organization halted clinical trials “while the safety is reviewed.”

With the global economy battered, governments are scrambling to provide relief to businesses and citizens wearying of mass confinement.

In hard-hit Spain, Madrid and Barcelona cautiously emerged from one of the world’s strictest lockdowns, with parks and cafe terraces open for the first time in more than two months.

Hundreds of people flooded Madrid’s famous Retiro Park to enjoy a stroll or a jog in the sunshine.

“The reopening of Retiro brings me a feeling of serenity, gives me comfort,” said Rosa San Jose, a 50-year-old schoolteacher.

In other parts of Spain, beaches reopened with strict guidelines for social distancing.

The Spanish government also announced that it would scrap quarantine for foreign arrivals from July 1, in the hope of helping the battered tourism sector.

– ‘Break the isolation’ –

As gyms and swimming pools reopened in Germany, Iceland, Italy and Spain, slowing infection rates in Greece allowed restaurants to resume business a week ahead of schedule — but only for outdoor service.

“I’m thrilled to break the isolation of recent months and reconnect with friends,” said pensioner Giorgos Karavatsanis.

“The cafe in Greece has a social dimension, it’s where the heart of the district beats.”

But not all the news from Europe was encouraging.

Sweden, which has gained international attention for not enforcing stay-at-home measures, saw its COVID-19 death toll pass 4,000, a much higher figure than its neighbours.

And in Britain, a political scandal raged on as Prime Minister Boris Johnson defied pressure to sack his top aide Dominic Cummings, accused of breaching the government’s own lockdown rules in March and April.

As Johnson separately announced the government will allow non-essential retail stores to reopen June 15, thousands of sun worshippers swarmed a beach — in the southern resort town of Bournemouth — underscoring the difficulty of enforcing social distancing rules in the summer months.

– ‘New lifestyle’ –

In the US, Americans are watching each other closely as states gingerly lift lockdown measures to varying extents. Video footage of a raucous, elbow-to-elbow pool party in Missouri over the weekend has now been viewed some 16 million times on YouTube.

As of Tuesday evening, the US death toll stood at 98,218, according to the Johns Hopkins University tracker, and the number of infections is over 1.66 million. Both are the highest anywhere in the world.

Americans desperate for breathing room and company after two months of lockdown also headed to beaches on both coasts. Crowds packed the boardwalk in Ocean City, Maryland. Police on horseback patrolled a bustling shoreline in Venice Beach, California.

In Asia, Japanese Prime Minister Shinzo Abe ended a nationwide state of emergency after new cases slowed to a crawl.

The move will help the world’s third-largest economy to gradually pick up speed again, but Abe urged citizens to remain cautious.

“If we lower our guard, the infection will spread very rapidly… we need to be vigilant,” he said.

He urged people to adopt a “new lifestyle” and continue to avoid the “three Cs”: closed spaces, crowded places and close contact.

– The new epicentre –

The pandemic may be under control in many parts of the world, but in Brazil it shows no sign of slowing.

The world’s sixth-largest country has now recorded 22,600 deaths, even as far-right President Jair Bolsonaro continues to play down the threat.

He flouted social distancing rules again on Sunday, attending a rally outside the presidential palace in Brasilia, ditching his face mask, shaking hands and even hoisting a young boy onto his shoulders.

The White House said on Sunday it would bar entry into the US of non-Americans who have been in Brazil in the previous 14 days — despite Bolsonaro being a close ally of President Donald Trump.

Trump himself launched a virulent attack on the media on Monday for criticizing him for playing golf twice over the weekend, as the country fast approaches the 100,000 death milestone.

“The Fake and Totally Corrupt News makes it sound like a mortal sin!” tweeted the golf-loving president — as his rival for the presidency Joe Biden emerged from a two-month confinement, in a mask, to lay a Memorial Day wreath.

Trump has also threatened to pull the Republican National Convention out of North Carolina in protest at the state’s slow lifting of virus restrictions.

When and how to exit lockdowns has divided Americans — some seeing the restrictions as an infringement of their liberties.

– ‘Very nervous’ –

Despite experts warning against reopening too soon, and recommending some form of confinement measures until a vaccine or treatment is developed, governments are feeling immense pressure to ease lockdowns.

India — which has imposed the world’s biggest lockdown — resumed domestic flights on Monday, with the government desperate to get Asia’s third-largest economy moving again.

But infections are still surging in India, and one airline employee said she and many other colleagues felt “very nervous” about starting work again.

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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