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Monday November 9th, 2026

Changing behaviour through awareness, key to recovery from Covid-19

WRONG WAY – Both rider and Security Guard should be wearing the mask in this interaction

After a long day in Colombo, I take an Uber home at 8.30 in the evening. A policeman stops the car at a checkpoint in front of the public library to check the license and sobriety of the driver. Approaching the driver’s window, he pulls his face mask down and leans in to talk to the driver, and the driver opens the shutter and reciprocates. The two men, though geared up for safety, are now up-close, freely spraying breath and possibly droplets – a known cause of COVID-19 transmission.

When I asked, the driver tells me it’s easier to talk with the mask down, and I remind him that he’s even more likely to spray viruses in or out when speaking. This incident is indicative of some peoples’ approach to hygiene and social distancing.

Yes, Sri Lanka has done well so far and stands out as one of the countries keeping Covid-19 successfully at bay. Decisive action from the government, a decent public health system, and perhaps even a majority of law-abiding citizens are at the heart of the success.

But, the crisis is far from over, and the economy and people have only started to recommence their lives. Government health officials have called for new behaviour and issued guidelines, and many seem to recognize the need for compliance. However, all is not perfect, posing threats of a reemergence of the pandemic – especially as the economy and country continue to open.

In the past few days, I’ve seen some policemen, who really should set an example, pulling down masks even when in a crowd. At several malls in Colombo and cramped air-conditioned small shops, vendors had their masks on their necks rather than covering mouths and noses. A chef could be spotted at a restaurant taking a break from his mask to expose the dish he was cooking. On the streets, you could easily spot elderly men, who are the most at risk, huddling in crowds without care. Many handwashing and sanitizer stations at supermarkets and stores are increasingly ignored.

This is in stark contrast to other countries who’ve also successfully dealt with Covid-19 so far like Vietnam, Thailand, Hong Kong and Taiwan. The people and businesses are more disciplined in such countries even without a pandemic – owing in equal parts to cultures that foster respect for others, compliance with the law, and lessons from SARs and past epidemics.

Sri Lankans can’t afford to let up. As citizens, we need to understand what’s at stake – our wellbeing, that of our beloved, and the entire community.  Sooner or later, in this socially and economically interdependent and demanding world, we will have to open up. And if we don’t, growing poverty and starvation are likely, especially for people who are struggling to make ends meet. The more aware and disciplined we are, the safer we will be, and the faster we can progress.

Our change needs to start with awareness of our preferences, tendencies, and habits – whether they stem from a need for convenience or social compliance. It’s not easy to work or talk wearing a face mask, and I feel for the police, cleaners, and other workers who have to do so in heat, humidity, dust and rain.

Adding to the complexity is our existing habits. For example, we’ve probably been wiping sweat off our faces with our hands while working in the sun, and we touch our face or bite fingernails when nervous. We resort to these actions which comfort us without even realizing we are doing so, especially when distracted by important work, people or difficult conditions.

The first time I wore a face mask in Colombo was early in March, and I found myself self-conscious of being the odd one out. The majority was not into masks then, the strange looks I got seemed judgmental, and I felt relief whenever I saw the odd person wearing one. Being social animals, we humans struggle to behave differently and we’re automatically likely to comply without paying attention or thinking.

We need to be aware of our habits and tendencies that favour convenience or compliance at the expense of safety. Once aware, we have a chance to change the way we act. We need to think and talk about healthier norms, accept them either by lessening discomfort or finding new ways to deal with it.

While we know the need to socially distance, in many social circles, hugging is a norm when you meet someone, but not a great choice for distancing. When I bumped into a close friend the other day, she was taken aback because I bowed Ayubowan instead of the usual hug. When meeting someone we have a long, happy, or caring history with, we feel at ease and safe intrinsically. And the new knowledge that there’s a risk of failing to social distance takes a back seat. Similarly, we will struggle to encounter habitual programmed ways of behaving at offices, buses, places of worship, playgrounds or elsewhere.

We must think deeply and honestly about our habits, situations, times and places. Talking about them and acknowledging them with friends, families, and peers will give us a safe space to absorb healthier and safer ways. We can also find ways to make adoption easier. For example, for the chef working in the heat of the kitchen, a break away from cooking for a few minutes and a fresh mask would make healthier behaviour much easier – and an open conversation of restaurant staff and management may have helped in finding such a solution.

We must accept the new norms because they give us positive benefits – safety, resumption of lives, and economic progress for us, families and the community. We must also accept the new norms because failure will endanger all of the above.

Once we are aware of habits and tendencies and situations where they kick in, then we can replace them with the new healthier norms. In the process of getting used to them, awareness gives also gives us room to interrupt. When we or others around us fail, we can interrupt with empathy and kindness selling us and them in on the positives instead of scalding or blaming.

Remember: we can only be truly safe if all of us are.

Kumbalathara is a communications expert who has worked with local and international organisations. The views herein are his own. and not of any organization he is or has been affiliated to. He can be contacted at nipuna@nipuna.net

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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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Sri Lanka rupee at 332.54/58 to US dollar spot, bond yields steady

ECONOMYNEXT – Sri Lanka’s rupee was quoted at 332.54/58 to the US dollar spot on Monday, stronger from 332.55/60 Friday, while bond yields held broadly steady, dealers said.

A bond maturing on 15.09.2029 was quoted at 10.90/95 percent, up from 10.85/95 percent.

A bond maturing on 01.08.2030 was quoted at 11.00/10 percent, down from 11.05/10 percent.

A bond maturing on 01.02.2031 was quoted at 11.10/20 percent, up from 11.10/15 percent.

A bond maturing on 15.12.2032 was quoted at 11.58/68 percent, up from 11.55/65 percent.

A bond maturing on 01.06.2033 was quoted at 11.80/95 percent, up from 11.80/85 percent.

A bond maturing on 15.10.2034 was quoted at 12.08/15 percent, up from 12.05/12 percent.

A bond maturing on 15.08.2036 was quoted flat at 12.30/40 percent.

The telegraphic transfer rate for the dollar was 328.05 buying, 337.05 selling; the euro was 363.3528 buying, 377.1336 selling; pound was 437.5954 buying, 451.7038 selling.

On the Colombo Stock Exchange the All Share Price Index was up 0.78 percent, or 165.42 points, at 21,405; while the S&P SL20 was up 0.58 percent, 35.19 points, at 6,080.

90,000 million rupees Treasury bills are to be issued through an auction on November 11. (Colombo/Nov9/2026)

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