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Monday November 9th, 2026

Sri Lanka’s newest COVID 19 cluster linked to another that erupted in April – Dr Anil Jasinghe

Former Health Services Director General Dr Anil Jasinghe

ECONOMYNEXT – Sri Lanka’s newest COVID 19 cluster that has produced more than 300 new cases is linked directly to a cluster that emerged at Suduwella in April the country’s top Health official said.

The Director-General of Health Services Dr Anil Jasinghe said that the cluster “has a link to the Suduwella group,” referring to a group of drug addicts that were found to be COVID 19 positive in early to mid-April.

The current cluster is inside a rehabilitation camp for drug addicts and the patients are inmates, staff members and their families.

“The Kandakadu cluster is a development of the Suduwella cluster,” Jasinghe said adding that more such clusters may erupt.

The drug-addicts who tested positive at Suduwella had been quarantined and when they were released were sent for rehabilitation to Kandakadu, officials said.

That is probably how the inmates at the camp became infected.

Between 600 and 800 more PCR tests were done today at the Kandakadu and the neighboring Senapura rehab centres and the results are expected later tonight with officials braced to deal with at least another 300 cases.

Infant among those infected

Among those infected and hospitalized outside the camp but with connections to Kandakadu are a one-and-a-half-year-old infant and an eleven-year-old boy from the same family from Rajangana in the Anuradhapura district, officials told reporters.

The children’s father is a staff member at the Rehabilitation camp and has tested positive for the virus, while the mother appears to be free of the disease. Today another positive case was reported from Rajangana said to be a close contact of the camp staffer.

Nine other Coronavirus cases have been reported with at least two linked to the latest cluster. The results of the tests done inside the COVID 19 struck camp had not been received as of this writing.

The cluster had caused the Health Authorities to test more than a thousand inmates and staff at the Kandakadu and Senapura rehabilitation camps in Polonnaruwa. The two camps are located several kilometres apart.

The country’s military chief who heads the COVID 19 prevention operation in the country said that hundreds of PCR tests are being done and “the number of patients is definitely going to rise.”

Army Chief Lt Gen Shavendra Silva

Nearly two thousand quarantined

In a sweeping wide-ranging operation that spread throughout most of the country the government placed nearly two thousand people in quarantine over the last two days, Army Commander Lt General Shavendra Silva said.

Silva said the newest cluster was discovered when an inmate at the main prison in the country, Welikada tested positive on July 7.

He had been brought to Colombo from Kandakadu for a court hearing and under the new rules prisoners, when they are moved to another jail, have to undergo a mandatory PCR test.

After that 312 tests had been done and none returned positive, Silva said.

There were 242 inmates who were in Welikada and moved to other jails. While we were testing them 204 inmates were taken for quarantine at the Punani Army-run centre under the control of Prison Officials, he said

There was also another group of 62 who had been released from jail by the courts. We brought them back and they are currently being quarantined.

PCR tests are being continued at Welikada and yesterday, July 10, another person tested positive.

Kandakadu and Senapura have 1,141 inmates and staff. The inmates are those who have been ordered by the courts to go into rehabilitation. The camps are run by the Ministry of Justice.

One woman counsellor who was on leave had gone home to Nattandiya has contracted the virus and her family and four neighbouring families have been moved to an Army-run quarantine centre.

She had used public transport to travel from Kandakadu to Nattandiya.

The staff member from Rajangana had attended a funeral and an alms-giving ceremony once he went there and around 200 people who came for the funeral and the subsequent events are in self-quarantine, Silva said.

The authorities also found that the 11-year old boy who is now in the hospital had been attending a tuition class and all 70 students and teachers there have also been quarantined.

Meanwhile, another staff member who lives in Habaraduwa has tested positive and is now warded at the National Infectious Diseases Hospital in Mulleriyawa. His family and neighbours have been quarantined.

NEW CLUSTER – Inmates and staff at the Kandakadu Rehabilitation Centre are being tested as 300 new patients are discovered/bcgr.gov.lk

Staff members who had gone on leave have also been recalled and they and their families are housed at a facility at Katukeliyawa he said, where PCR tests will be conducted.

The Army chief also said that a military-run quarantine centre in Kandakadu has now been turned into a separate hospital to treat the COVID 19 positive inmates.

“These are recovering drug addicts and they have to be treated in a different way as they are not like normal patients,” he said.

“We feel it is best to look after them here.”

The third group the authorities are working with are the family members of the inmates who had been permitted to visit them on July 4.

“There are 116 family members who came to see the inmates and they and their family members total 441 people and we are in the process of bringing them into quarantine centres,” he said.

Of them, 328 have already been brought to the Kandakadu Quarantine centre and the rest have been picked up and are on their way there. (Colombo July 11, 2020)

 

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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