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Monday November 9th, 2026

Despite drop in cases, Sri Lanka health official wants COVID-19 restrictions to continue

ECONOMYNEXT – Sri Lanka health authorities have expressed alarm at what they say is reckless behaviour on the part of the public when the threat of COVID-19 has not yet subsided, with a top health official calling for continued restrictions despite a drop in cases.

Health Services Director General Dr Asela Gunawardena told reporters on Monday (18) that some restrictions should continue till the end of the year to prevent a fourth wave of the epidemic.

An inter-provincial travel ban is still in place, and Gunawardena and other health officials have pleaded with the public to postpone any long-distance travel plans.

Though a presidential directive was made last week to strictly enforce the restriction on crossing provinces, social media is replete with accounts of people – many of whom appear to be of some means – travelling the country with apparent gay abandon. Some even dare to post pictures of their escapades.

“We saw the same thing happened in April this year when restrictions were relaxed as case numbers dropped. A sudden spike was seen as more people began to travel,” said Gunawardena.

“Do not go to crowded places. Wear a mask and follow health guidelines and behave responsibly,” he said, adding that restrictions should continue till at least the end of the year.

Critics have argued that Sri Lanka’s quarantine law has been unequal in its application, while others have said there is a double standard in allowing vaccinated tourists to travel freely within the island while denying vaccinated law-abiding citizens the same opportunity.

Still others maintain that it is unfair on the part of the authorities to heap blame on the pandemic-fatigued public when the government failed to contain the third wave of COVID-19 by imposing tighter restrictions at its onset in mid April, around the time of the Sinhala and Tamil New Year holidays.

COVID-19 has claimed 13,507 lives since the virus was first detected in the island in March 2020. A fourth wave could prove disastrous in terms of public health even accounting for progress in vaccination, while further lockdown measures could spell doom for the already ailing economy.

The third wave saw daily cases soar as a result of the deadly Delta variant of the novel coronavirus which was first detected in June. The government ignored repeated calls from epidemiology experts for a lockdown, until it was forced to heed their advice on August 20 amid a rising a death toll.

The six-week lockdown ended on October 1 as cases began to drop significantly, though the travel ban between provinces has persisted, albeit on paper to some.

To the authorities’ credit, however, vaccination against COVID-19 has been largely successful, though it has led to a new concern. The Public Health Inspectors (PHI) union said on Monday that the virus is in danger of spreading again as most vaccinated people who get infected don’t show symptoms.

Noting an increase in asymptomatic cases, PHI union chief Upul Rohana urged health authorities to increase random PCR and rapid antigen tests to identify patients.

“We have to do these tests island-wide to get a picture of the real situation in the country and put a stop to the spread,” he said.

Meanwhile Deputy Director General of Health Services Dr Hemantha Herath said if Sri Lanka goes back to the way things were, the country will lose the grip it now has on the virus. He, too, blamed the “irresponsible behaviour” of the public.

“Media reports showed how some people acted over the last weekend with the restrictions being relaxed. We are very sad to see such behaviour,” Herath told reporters on Monday (18).

“The number of patients has not gone down to a satisfactory level. We are still in danger. Behaving irresponsibly in such a situation means the country can go back to the state it was in the recent past,” he said, calling for self-imposed restrictions in order to maintain control of the epidemic.

“Don’t be the one to take the country back to the state it was [when cases and death toll were spiking]. Don’t think ‘because others are going, I will go also’,” said Herath.

When asked about travel destinations being opened for the general public, Herath said it is not practical for health officials to oversee resections while controlling the epidemic.

“There are authorised institutes for that who have been given the power to stop it,” he said.

In the past 24 hours 570 patients were identified bringing the total number of patients in the country to 532,218. At the time of writing, 25,736 are still receiving treatment. Twelve deaths were reported on Monday.

According to Police Spokesman Senior Superintendent of Police (SSP) Nihal Thalduwa, 1,523 people and 899 vehicles that tried to cross provincial boarders since October 01 have been turned away.

“Eleven vehicles and 53 people were arrested yesterday for violating the quarantine law,” Thalduwa told reporters on Monday (18).

Meanwhile, Chief Epidemiologist Dr Samitha Ginige said with number of daily cases going down, the number of deaths have started reduce in the past few days as well.

“This is a clear indication that when the spreading is controlled, the number of fatalities also decreases. There is a direct link there,” Ginige told reporters on Monday (18).

With the vaccine rollout successfully under way, he said, it is important that the general public follows the health guidelines along with it.

Health officials have vaccinated nearly 100 percent of the population over the age of 20 with the first dose of the five vaccines while 87 percent have received both doses, he said.

“Of the total population, the first dose is given to 67.4 percent while 58.3 percent has been fully vaccinated. That is a great number.  If it continues, we can get it to around 65 percent in the next two weeks.”

Ginige said, of the 18-19 year age category, vaccination is continuing successfully in the Colombo region and so far around 10,000 have been vaccinated.

“From October 21, the programme will commence island wide in every Medical Officers of Health area. We are trying to have vaccination centres in the school itself so it will be easy for students.”

“But there can be changes due to practical issues that may arise,” he added.

If there are students in the age 18-19 category who go to a school in different provinces, away from their residences, said Ginige, the vaccine can be obtained from the Medical Officer of Health office in the area every Saturday starting from October 23. (Colombo/Oct19/2021)

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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