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Monday November 9th, 2026

BMW 530e — One for the drivers left amongst us

The G30 generation of 5-Series continues the evolution from the previous model, with a bigger grille and more pronounced features.

The BMW 5-Series is a hugely-important car in the Bavarian automaker’s model architecture. The 3, 5, and 7 have been around longer than any other model in their line-up. They’re not bought by the niche-seekers, but instead by those who want the tried-and-tested reassurance from a model that has been generations in the making.

Visually, the latest 5-Series follows a very clear evolutionary pattern from the previous model. The grilles are about three times as large as the car from the 80s, but compared to the latest 7-Series and X7, the BMW 5-Series’grille looks tame. They’re functional too, with gill-like inserts that open and close to either improve aerodynamic efficiency or aid engine cooling. 

The 530e can do the 0-100kmph sprint in 6.2 seconds, and can travel up to 140kmph on electric power alone

Mechanically speaking, the latest BMW 5-Series is around 100kg lighter than the previous car. It uses the same modular chassis of the latest BMW 7-Series, just without the prohibitively-expensive carbon fibre bits. Instead, they’ve used a combination of aluminium and magnesium extensively in order to keep the pounds under control. The new 5-Series does, however, borrow the suspension, seats, and brakes amongst other weight-saving parts that were used in its 7-Series big brother. 

Behind the wheel, you’re presented with no shortage of power. The BMW 530e features a plug-in hybrid drive train. The electric motor is coupled to a twin-power turbo four-cylinder which, combined, gives you 276bhp and 420Nm of torque. You’ll find this more than sufficient to make progress lively, but the BMW 530e can also do the whole grown-up motoring thing too — just don’t expect an air-cushioned ride thanks to large alloys and stiffened suspension (our test unit had the optional M Sport pack). It’s not uncomfortable, but it’s what the manufacture would like you think is a more involved drivers experience.

The G30 is the seventh generation of BMW 5-Series, which started in 1972 with the E12

If, however, stability and controlled road-holding is a consideration, you’ll value the extra dollop of handling prowess the M Sport kit provides. The staggered wheels lend to a sharper, more point-able front end, while the stiffer suspension keeps roll at bay. In fact, despite my best efforts to unsettle the car corner after corner, we failed to get so much as a hint of understeer. That said, there is an extra heft to the experience owing to the bank of batteries that have been slotted in the rear, out of sight, but at the expense of boot space. You’ll notice the boot floor is significantly higher than in a non-hybrid variant and is a trade-off you’ll have to learn to accept if you want the extra plug-in juice.

Inside, the infotainment screen sits atop the dashboard, rather than being integrated into it. It’s not as sleek or chic as having it moulded into the dashboard layout, but it does free up space on the centre console. It’s nice to see that the cabin is once again angled firmly towards the driver in a sort of cockpit-style, like BMW’s of old — at least much more so than that of the previous F10, but perhaps not as much as the E28 from the 70s. 

The interior of the latest 5-Series is angled towards the driver, echoing the driver-centric intent that was prevalent in the past 

There’s nothing retro about the technology in here though. There’s gesturecontrol that allows you to waggle your finger in the air to change the volume, for instance. It’s a function that’s ultimately a bit pointless — that is unless you want to look like some sort of cut-price kids-party magician waving your hand in the air. You’re better off keeping your hands on the steering wheel and operating the provided buttons to turn up the volume.

Those who fear parking can sort-of rest at ease in modern machinery thanks to the inclusion of parking cameras and sensors galore — that’s to be expected. But the BMW 530e takes things a step further. They call it “Surround View”; cameras placed around the car map out the surroundings, and after projecting a 3D-rendered sample of the car, you’re able to virtually watch yourself park from a third-person perspective — not just in a birds-eye view, but at every conceivable angle around the car. 

e-drive signifies the hybrid element of the 5-Series. The plug-in hybrid takes under four hours to charge via a dedicated wall-box

Dynamically, the 5-Series deserves a lot of praise, for it does actually focus attention back towards the driver, rather than handing it over to a computer/and or alienating you from the experience. There’s no sweet-revving six-cylinder engine to keep the true enthusiasts happy, but they’ve done a good job at masking the inherent difficulties that come about when installing a bank of PHEV batteries and the cabling and associated processing units required to keep them ticking. The only complaint that can be levelled from behind the wheel is a slight tendency to tram-line at lower speeds, likely due to the massive wheels. But the steering is quick enough to make cutting through a mountain pass a pleasurable experience, with road feedback relatively good for a modern car that’s also trying to isolate you from the world. 

Overall though, the BMW does a sterling job of catering to those who still enjoy driving, while being surrounded by a smorgasbord of creature comforts as well. There’s stiff competition in the market, but the 530e provides a pilot-oriented environment for anyone who still appreciates the finer aspects of driving. With Mercedes, Audi and Volvo also offering attractive competition, it’s this focus on providing the ultimate drivers’ machine that BMW still seems to have aced – it might not be for everyone, but it’s certainly a defining point in an increasingly competitive market.

The M-Sport package adds bigger wheels, which are also staggered (wider at the rear) which aides cornering 

Engine: 2.0 litre 4-cyl turbocharged petrol with 85kW single electric motor, 252bhp, 420NM
Gearbox: 8-speed automatic
Performance: 0-100kmph 6.2secs, 230kmph

Price: LKR30mn

*Prices are accurate for model and trim specified at the time of publishing

Sam D. Smith in an automotive editor and journalist with a life-long passion for all things car. He is a member of the Guild of Motoring Writers (UK) and nominee for the Sir William Lyons Award for automotive journalism.

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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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