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Monday November 9th, 2026

Belgians hunt Islamic State suspect after blasts kill 30

(Reuters) – Belgian police are hunting an Islamic State suspect seen with two supposed suicide bombers shortly before they struck Brussels Airport in the first of two attacks that also hit the city’s metro, killing at least 30 and wounding over 200. The blasts on Tuesday claimed by the Syrian-based militants four days after the arrest in Brussels of a prime suspect in November’s Paris attacks, sent shockwaves across Europe and around the world, with authorities racing to review security at airports and transit systems, and drawing an outpouring of solidarity. "We can and we will defeat those who threaten the safety and security of people all around the world," said U.S. President Barack Obama. Donald Trump, the front-runner for the Republican nomination to succeed Obama in November’s election, suggested suspects could be tortured to avert such attacks. Brussels police mounted an operation in the north of the city, turning up another bomb, an Islamic State flag and bomb-making chemicals in an apartment in the borough of Schaerbeek. Local media said authorities had followed a tip from a taxi driver who believed he may have driven the bombers to the airport. Investigators said they were focusing on a man in a hat who was caught on CCTV pushing a laden baggage trolley at the airport with two others they believed were the bombers. An unused explosive device was later found at the airport and a man was seen running away from the terminal after the explosions. Security experts believed the blasts, which killed about 20 on a metro train running through the area that houses European Union institutions, were probably in preparation before Friday’s arrest of locally based French national Salah Abdeslam, 26, whom prosecutors accuse of a key role in the Nov. 13 Paris attacks. He was caught and has been speaking to investigators after a shootout at an apartment in the south of the city a week ago, after which another Islamic State flag and explosives were found. It was unclear whether he had knowledge of the new attack or whether accomplices may have feared police were closing in. Islamic State said in a statement that "caliphate soldiers, strapped with suicide vests and carrying explosive devices and machineguns" struck Zaventem airport and Maelbeek metro station. It was not clear, however, that the attackers used vests. The suspects were photographed pushing bags on trolleys, and witnesses said many of the airport dead and wounded were hit mostly in the legs, possibly indicating blasts at floor level. MAN IN THE HAT Officials said the final death tolls remained uncertain from the carnage in the morning rush hour, around 8 a.m. (0700 GMT) at the airport and shortly after 9 a.m. on the metro. "A photograph of three male suspects was taken at Zaventem. Two of them seem to have committed suicide attacks. The third, wearing a light-coloured jacket and a hat, is actively being sought," prosecutor Frederic Van Leeuw told a news conference. The two men in dark clothes wore gloves on their left hands only. One security expert speculated they might have concealed detonators. The man in the hat was not wearing any gloves. "If you recognise this individual or if you have information on this attack, please contact the investigators," a police wanted notice for the third man read. "Discretion assured." Belgian authorities were still checking whether the attacks were linked to Abdeslam’s arrest, said Van Leeuw. Islamic State warned of "black days" for those fighting it in Syria and Iraq. Belgian warplanes have joined the coalition in the Middle East, but Brussels, home to the European Union and NATO headquarters, has long been a centre of Islamist militancy. Some 300 Belgians are estimated to have fought with Islamists in Syria, making the country of 11 million the leading European exporter of foreign fighters and a focus of concern in France and other neighbours over its security capabilities. "What we had feared has come to pass," said Belgian Prime Minister Charles Michel, vowing to face down the threat. On Wednesday, he will host a prearranged visit by French Premier Manuel Valls, who declared: "We are at war." Reviving arguments over Belgian policies following the Paris attacks, in which 130 people were killed in an operation apparently organised from Brussels, French Finance Minister Michel Sapin spoke of "naiveté" on the part of "certain leaders" in holding back from security crackdowns on Muslim communities. A lawmaker from Michel’s party, Didier Ducarme, hit back on French television. He said comments like Sapin’s "are starting to seriously irritate me" and noted it was a France-based gunman who killed four at Brussels’ Jewish Museum in 2014. Michel, who locked down the Belgian capital for days in fear of a follow-up attack after the November bloodshed in Paris, has dramatically increased the budget of security forces. But experts say tracking militants among the country’s half-million Muslims, 5 percent of the population, has been hampered by political divisions and a lack of resources. Australian Prime Minister Malcolm Turnbull said Europeans had "allowed (security arrangements) to slip". The departures hall of the airport, similar to arrangements across Europe, was open to the public, with no screening of identities or baggage. Citizens of the United States, Spain and Sweden were among the injured, their governments said. U.S. broadcaster ABC said nine Americans were hurt in the Brussels bombings. The U.S. State Department, saying that "terrorist groups continue to plan near-term attacks throughout Europe," warned U.S. citizens in Europe to avoid crowded places and be vigilant when in public or using public transit. Trump said torture could be useful to extract information before attacks: "Waterboarding would be fine. If they can expand the laws, I would do a lot more than waterboarding," the billionaire businessman said of an interrogation technique practice banned by Obama. "You have to get the information from these people." WANTED MAN Abdeslam, who prosecutors say confessed to being the 10th Paris attacker but failed to emulate his suicide bomber brother, appears to have spent four months undetected in Brussels, aided by a network of friends and petty criminal contacts. After questioning him, police issued a wanted notice for 25-year-old Najim Laachraoui, a former fighter in Syria whom local media say they suspect of helping arm the Paris attacks. The poor quality of Tuesday’s CCTV images left open the possibility that Laachraoui might be the third man caught on the airport cameras. A witness said he heard shouts in Arabic and shots shortly before two blasts struck in a crowded airport departure lounge at the airport. Belgian media said police found a Kalashnikov assault rifle next to the body of an attacker. A lockdown imposed after the attacks was eased and public transport was due to reopen, at least in part, on Wednesday, although the airport will be closed at least another day. Austrian Horst Pilger, waiting on a flight with his family, said his children had thought fireworks were going off, but he instantly knew an assault was under way. "My wife and I both thought ‘bomb’. We looked into each other’s eyes," he said. "Five or 10 seconds later, there was a major, major, major blast in close vicinity. It was massive." Pilger, who works at the European Commission, said the whole ceiling collapsed and smoke poured through the terminal. Passengers on the metro line running under the rue de la Loi connecting the EU quarter with central Brussels felt shockwaves and then smoke when the bomb tore through a carriage of a train leaving Maelbeek station. The metro car was totally devastated. Although Europeans have been used to urban guerrilla attacks for decades, some bloodier than Tuesday’s events in Brussels and none as costly as al Qaeda’s Sept. 11, 2001, attacks on the United States, the wide reach of Islamist violence, striking notably London and Madrid as well as Paris, has unnerved many. In an outpouring of sympathy across the continent, Paris’ Eiffel Tower was lit up with the red, gold and black colours of the Belgian flag. The Twitter hashtag #JeSuisBruxelles was trending as were cartoons riffing on the theme of the city’s irreverent emblem, Manneken Pis, a small fountain statue of a boy urinating. In the images, he is cheekily relieving himself on a Kalashnikov. (BRUSSELS, March 23 /2016)

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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