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Monday November 9th, 2026

Mental health of students should be priority in Covid-19 hit South Asia: educationist

ONLINE WOES: Students in remote areas in South Asia climb trees to get a better signal/OdishaTV Video grab

ECONOMYNEXT – An Indian Educationist is calling on educators to give precedence to the mental health of students over academics, whenever the coronavirus-enforced school closures come to an end.

Dr. Mona Mathur – Founder and CEO of  Million Sparks Foundation said, ‘children have forgotten what it’s like to be in school’, which is, for many a safe place, where they receive attention, food, and even have access to a playground.“The spread of the second wave in the country has resulted in a large number of deaths, leaving children without parents.”

Therefore addressing their mental health, she says, must come before discussions on when to re-open educational institutions, or at which point the academic year should begin. To this end, teachers must be given ongoing training to understand and respond to the situation.

Mathur was speaking at a webinar on “Education in Pandemic: Fulfilling Learning Gap among Students” on June 11, where, along with two other panelists from Nepal and Afghanistan, she discussed the setbacks and challenges posed by the Covid-19 pandemic in the field of education.The webinar, organised by the Friedrich Naumann Foundation (FNF), South Asia Chapter, was moderated by Roshan Gandhi, CEO, City Montessori School, India.

Indeed, similar to the world economy taking a beating with the spread of the coronavirus, students across the globe, irrespective of income or social status have been severely affected owing to prolonged school closures.

A UNICEF report released in March of this year says that  “Schools for more than 168 million children globally have been completely closed for almost a full year.”  For many educationists, especially those in developing countries, this means rebuilding and regaining the painstakingly gained victories such as increasing school enrolment.

When the pandemic hit, says Matur, India had reached between 80 to 90 percent in school enrollment. The challenge at that time was to improve the quality of education for all segments.

Now, studies show, she claims that there has been a nearly 90 percent loss in reading capability and an 85 percent loss in the area of numeracy of what children had learned at the time schools had to be closed.

However, the actual situation could be worse she warns, given the fact that the studies have been conducted only amongst ‘a few thousands.’

The onset of the first wave of the virus saw India’s migrant workers trudging back miles to their homes.  Now, says Matur there are indications that as much as 2/3rd of students in India may not return to school. A good number of them are children of these migrant workers.

Some countries have attempted to re-open schools, only to close them as the spread of the pandemic worsened.

Panelist Sakar Pudasaini a Technologist and Educator in Nepal agrees that the mental health of students is central, and proper assessments are necessary to determine where students are at before schools reopen.

As in India, access to education and accompanying facilities are inequitably spread amongst students in Nepal and Afghanistan. Of course, this is true of many nations, including Sri Lanka.

In Nepal, Pudasaini explains, there are State run schools, private schools that are well resourced, and others that are not.  While State-run schools are supported by the learned who design curriculum etc. and well-resourced private schools have the means to handle a crisis.

However private schools that are not so well placed financially are the most affected.  Like most Asian nations, educational institutions in remote areas have not kept up with digitalization as their counterparts in urban areas have.

Less costly private schools are the preferred option of parents in the lower-income brackets.  Often their children could be the first generation being afforded an education. Despite school closures, these parents continue to pay school fees in fear their children would lose their spot. Again, the situation is no different to other South Asian nations. 

In Afghanistan, says the Country Representative of the Asia Foundation, Abdullah Ahmadzai, it’s a mixture of limited access to both electricity and the internet, challenges that the other two countries are also dealing with.  In Afghanistan, Ahmadzai explains the situation is compounded by rebels who often disrupt the supply of electricity.

Padusainisays that a UNICEF report has found that the number of students participating in distance learning methods is proportionate to income levels, where the ‘top 20 percent of regular attendance is from amongst the socially and economically better off homes.’  This is a setback for Nepal, which had, in pre-pandemic times achieved almost 99 percent enrolment in primary schools. The government, he adds, had been advised before the coronavirus outbreak, to provide better access to the internet and electricity to rural areas, but that had not been followed through.

In Nepal, school administration falls under the respective Municipalities. However, funding is determined by the federal government, says Padusaini. This means that State schools in the country’s capital Katmandu could attract better quality teachers for lesser pay, while schools in remote areas are unable to hire that same quality of teacher owing to the low pay structure. Such Municipalities, he explains, would have to pay twice as much to attract better teachers, adding that there must be ‘more freedom for Municipalities.’

Says Matur, the pandemic has thrown up ‘shocking learning gaps,’ adding that while initially around 5 hours a day was spent on distance learning, it has now dropped to 3 to 4 hours.  Here too, the primary issue is the availability of data and electricity.

While students continue to remain at home, with no possibility of academic institutions re-opening any time soon, the onus, says Ahmadzai is on governments to ‘ensure continuity, so children remain engaged, without a further learning loss.’ That requires innovation. 

Challenges have been overcome to some extent through television and radio to impart the daily lessons, yet they are not the most effective, as there is no healthy interaction or debate between teacher and students.  In some instances in Nepal for example, study material has been delivered to the homes of the students. While mid-range private schools do not have the capacity to support live streaming of lessons, Edtech programmes have come in handy, to send information via text messages and WhatsApp, etc., or even to read stories to children over the phone.

In Afghanistan, the private sector has chipped in, contributing software for computers, and assisting with the transfer of educational material to flash drives and DVDs, according to Ahmadzai. Universities, he says, switched to online learning early in the pandemic, though such measures are easy to achieve only in major cities. Amongst support Asia Foundation has provided are allowances to students to purchase bandwidth and scholarships to around 900 female students.

Matur also fears for the girl child; in many South Asian nations where women are relegated to second place, the pandemic-related school closures she explains could result once again in parents opting to keep their daughters at home, rather than getting them an education. Unlike their male siblings, daughters are expected to play multiple roles from assisting with household chores, minding younger children, or engaging in some form of employment to augment family earnings.  Fathers and brothers too prefer the girls staying home, citing safety reasons.

Now, whether it is to persuade girls to return to school or mitigating the learning loss caused by the pandemic, Matur is suggesting training teachers to work with community volunteers to encourage parents and students to re-focus on education.  Her organisation, is doing just that; a majority of public school teachers, she explains own digital devices. They are also well paid and do not generally reside in remote areas, going there only for work. For just a hundred Indian rupees per month paid to teachers for data, they could be persuaded to reach out to community members to motivate students. It also means that students need not have access to the internet or digital tools.

She suggests adopting a similar plan as the Accredited Social Health Activist (ASHA) programme, where local women are trained to promote good health practices in the community. Government must also introduce policies that would provide better care for students and teachers, and ensure the latter is also gender sensitized. While some States introduced a cap on school fees, others had not.  Some schools demand parents pay for facilities that are not used owing to the pandemic, and this too must be addressed through policy.Padusaini suggests that the only way to overcome such fee issues is for schools to adopt a transparent, flat rate for the year.

More civil engagement is also needed to help governments make quality education better accessible for all. Ahmadzai says more investment is required to develop affordable private sector schools, a need that Padusaini also emphasizes.

Ahmadzai also sees a need for better cooperation between the ministries of education and higher education, curriculum reform, and the promotion of critical thinking. There is an immediate need to motivate more students to study the sciences, he adds, as currently,  a majority opt for the social sciences.

The panelists also agreed that the pandemic provides an opportunity fo South Asian nations to take stock of their options, leave politics aside and adopt creative and innovative methods to promote common educational programming digitally.

 

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 01.06.2033 closed at 11.80/85 percent, down from 11.80/90 percent.

A bond maturing on 15.10.2034 closed at 12.05/12 percent, down from 12.00/10 percent.

A bond maturing on 15.08.2036 closed at 12.30/40 percent, up from 12.20/30 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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