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Monday November 9th, 2026

Head of Sri Lanka Catholic church alleges attempt to pin Easter attack on ISIS

Archbishop of Colombo Malcolm Cardinal Ranjith with Prime Minister Mahinda Rajapaksa/PMD photo

ECONOMYNEXT – Colombo Archbishop Malcolm Cardinal Ranjith, the head of Sri Lanka’s Catholic church, has demanded an explanation on an alleged attempt to pin the 2019 Easter Sunday bombings on the Islamic State of Iraq and Syria (ISIS).

Speaking to reporters in Colombo on Friday (13), the cardinal claimed that a military intelligence officer referred to as ‘Sonic’ had used one ‘Zaharan of Matale’ to call an unspecified person in Indonesia to “force” ISIS to claim responsibility for the attack.

“Why was that? We don’t know if it was an attempt to prevent the discovery of who was actually behind the attack. Why was there that much interest in putting it on the shoulder of ISIS?” said Ranjith.

“That means someone here tried to hide it,” he added.

Days after the attack, international media reported quoting the group’s Amaq news agency that it had in fact claimed responsibility, though it did not offer evidence of its involvement.

“Amaq also released photos and a video that it said showed eight attackers — including a segment in which the men are seen standing in front of the group’s black flag, pledging allegiance to ISIS leader Abu Bakr al-Baghdadi,” NPR reported on April 23 2019, adding that, according to counterterrorism analysts who monitor ISIS, the group had previously made seemingly opportunistic claims about high-profile attacks.

At Friday’s press conference, the archbishop also claimed that the Directorate of Military Intelligence had had dealings with Zaharan Hashim’s outfit. The latter led the group of suicide bombers that exploded themselves on April 21 2019 in several parts of the island, killing 269 people and injuring over 500.

“We have to wonder what those dealings were – dealings that were conducted through the person known as Army Mohideen, which was brought up at the Presidential Commission of Inquiry (PCoI). Were these investigated?

“And what is the story behind the murder of two police officers in Vavunativu? Was that investigated?” said Ranjith.

The identity of a military intelligence officer who had allegedly had dealings with one of the suicide bombers – Jameel, who had attempted to attack the Taj Samudra Hotel in Colombo before seemingly changing his mind – was also unclear, said the cardinal.

“These facts have already been presented. They’re mentioned here and there in the PCoI report,” he said.

Referring to 25 arrests made in connection with the attack, Ranjith expressed his suspicion that only “small fry” are caught in the investigators’ net while the “big fish” are let go.

“We cannot allow this incident that shook the entire nation to be brushed under the carpet. Please don’t do that. The government must do its duty. Until then we will not stop this protest movement,” he said.

The cardinal has been increasingly disillusioned with government investigations into the Easter attack. In July this year, he said he was sceptical of what he called a politically compromised law enforcement’s ability to probe the “grand conspiracy” behind the bombings.

Related: Sri Lanka Easter attack probe: Cardinal sceptical of politically compromised law enforcement

“There can be doubts about finding out what really happened with a “police that acts according to the wishes of the current political leadership, a criminal investigation department (CID) that follows the political leadership’s agenda, and a legal system and law enforcement personnel that political leaders are trying to control,” Ranjith said on July 13.

Further investigations should be based on some of the contents in the PCoI report as well as certain revelations made by MPs in parliament, he said.

“The former Attorney General had said unequivocally that there was a grand conspiracy behind the attack. We have a right to know what that conspiracy was. Did he make his statement based on the contents of the commission report, or the contents of the 22 volumes that were hidden and submitted later because apparently they could not be released, we do not know,” he said.

Days before his retirement, outgoing Attorney General Dappula de Livera said on May 18 this year that there was clear evidence of a grand conspiracy linked to the April 21 2019 bombings that killed 269 people and injured over 500.

Related: Sri Lanka Attorney General claims “grand conspiracy” behind Easter attack

Twenty-two volumes of the PCoI report, purportedly containing sensitive information, were submitted to the Attorney General on March 12, this year, over a month after the ‘final’ PCoI report was handed over to the president.

The PCoI recommended that criminal proceedings be instituted against former President Maithripala Sirisena and others over the incident.

Related: Sri Lanka Easter attacks commission recommends criminal proceedings against President Sirisena

The government has been claiming for some months now that Maulavi (Islamic preacher) Mohamed Ibrahim Mohamed Naufer and one Rasheed Hajjul Akbar, both of whom are in custody, had been identified as the only confirmed masterminds of the attack. Public Security Minister Rear Admiral Sarath Weerasekara told reporters in May that no other suspect had been identified as having masterminded the attacks and stressed that the government has no intention to hide its findings.

Related: FBI confirmed Maulavi Naufar masterminded Sri Lanka Easter attacks: Minister

The official account has been contested by opposition lawmakers and others. Main opposition Samagi Jana Balavegaya (SJB) MP Harin Fernando in a controversial statement made in parliament on April 20 claimed that the Islamic preacher was never brought before a presidential commission of inquiry that probed the Easter bombings.

Fernando also claimed that an intelligence officer who had been arrested in connection with the bombings was transferred to the custody of military intelligence before a statement could be recorded. Investigations by former Criminal Investigation Department (CID) Director Shani Abeysekara had revealed that the suspect had had discussions with the perpetrators of the attack, Fernando said. (Colombo/Aug13/2021)

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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