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Friday November 13th, 2026

Former Sri Lanka cricket captain Kumar Sangakkara inducted to ICC Hall of Fame

2011 cricket captain Kumar Sangakkara was among those questioned – Image credit: NAPARAZZI/Flickr

ECONOMYNEXT – The International Cricket Council (ICC) has inducted former Sri Lanka Cricket Captain Kumar Sangakkara and 10 others to the ICC Hall of Fame, the ICC said.

The announcement comes ahead of the World Test Championship Final between India and New Zealand scheduled June 18-22 in Southhampton, England.

Sangakkara is the second Sri Lankan cricketer to be inducted to the ICC Hall of Fame, the first being bowling legend Muttiah Muralitharan in 2016.

According to the ICC statement, the new inductees have been classified into five broad eras: Noble and Aubrey Faulkner from the pre-World War 1 period (early era), Learie Constantine and Stan McCabe from the period between the two World Wars (inter-war era), Vinoo Mankad and Ted Dexter from 1946 to 1970 (post-war era), Bob Willis and Desmond Haynes from 1971 to 1995 (ODI era), and Andy Flower and Sangakkara from 1996 to 2015 (modern era).

Sangakkara has played 134 Test matches, scored 12,400 runs at 57.40, took 182 catches and 20 stumpings

Calling him “grace personified at the crease”, the ICC statement said Sangakkara ended his career as the most prolific run-scorer Sri Lanka had ever known, with double-hundreds flowing from his bat with consummate ease.

“In 2014 he struck 319 and 105 in the same Test match against Bangladesh and in 2017 fell just 16 runs short of striking six successive centuries in first-class cricket.”

Other cricketers inducted are as follows, as per the statement:

Early Cricket Era- Players whose greatest contributions to the game were prior to 1918

  1. Aubrey Faulkner of South Africa played 25 Tests, scored 1,754 runs at 40.79, took 82 wickets at 26.58, and was one of the pioneers of the “googly” at the time. Faulkner was the only man to head both the MRF Tyres ICC Batting and Bowling rankings in Test cricket. He was one of the greatest all-rounders and later one of the best coaches. He was a part of the famous ‘googly quartet’ that so characterised South African cricket in the first decade of the 20th century and he peaked with the bat in the 1910-11 series in Australia when he made 732 runs in the five Tests.
  2. Monty Noble of Australia played 42 Tests, scored 1,997 runs at 30.25, took 121 wickets at 25.00, and was one of the greatest Australian all-rounders. He is still the fastest from that country to achieve the 1,000 run / 100 wicket Test double. He played 42 Tests, captaining his side in 15 of them, and he was a trailblazing captain, abandoning mammoth bowling spells to keep bowlers fresh. A true all-rounder, Noble was a banker and a qualified dentist outside of being a prolific cricketer of that time.

Inter-War Era – Players whose greatest contributions to the game were from 1918-1945

  1. Sir Learie Constantine of West Indies played 18 Tests, scored 635 runs at 19.24, took 58 wickets at 30.10, and can be considered the first great West Indian all-rounder, playing with a flair and freedom that was decades ahead of his time. He was a champion not only amongst players but for his people too in their political and legal fight against racial discrimination. He was also the first black member of the House of Lords.
  1. Stan McCabe of Australia played 39 Tests, scored 2,748 runs at 48.21, took 36 wickets at 42.86, and was a right-handed batsman of the highest class, he played three memorable innings and defied the “Bodyline tactics” that were predominant at the time within the England camp with 187 not out at Sydney. He further struck an unbeaten 189 at Johannesburg in 1935 and then 232 in less than four hours at Nottingham in the 1938 Ashes Test. He was touted as one of the greatest batsmen of the game by his captain Sir Don Bradman.

Post-War Era  – Players whose greatest contributions to the game were from 1946-1970

  1. Ted Dexter of England played 62 Tests, scored 4,502 runs at 47.89, took 66 wickets at 34.93, and was a superb batsman who combined a firm defence with the ability to destroy any bowling attack of both the front and back foot. His innings of 70 in the 1963 Lord’s Test lives long in the memory of all who saw it. He was an effective partnership breaker with his medium-fast seam bowling and later in life served as England’s Chairman of Selectors and played an influential role in developing what is today’s MRF Tyres ICC Player Rankings.
  2. Vinoo Mankad of India played 44 Tests, scored 2,109 runs at 31.47, took 162 wickets at 32.32, and was an opening batsman and slow left arm orthodox bowler, known as one of India’s greatest-ever all-rounders. His most famous feat was against England at Lord’s in 1952 when he scored 72 and 184 and bowled 97 overs in the match. He is one of only three cricketers to have batted in every position during his Test career. In later life, he also coached another legendary cricketer and fellow ICC Hall of Fame member from his country, Sunil Gavaskar in Mumbai, India.

ODI Era – Players whose greatest contributions to the game were from 1971-1995

  1. Desmond Haynes of the West Indies played 116 Tests, scored 7,487 runs at 42.29 and was one half of the most prolific opening batting partnership in Test history alongside Gordon Greenidge. He was capable of some destructive innings and combined impeccable timing with power in his stroke-making and has played four ICC World Cups in that era.
  1. Bob Willis of England played 90 Tests taking 325 wickets at 25.20 and spearheaded the English bowling attack during some of their most memorable moments during this period. Standing two metres tall, he could make the ball bounce awkwardly on most pitches and possessed an excellent yorker and bouncer, both of which he used to great effect over the course of his career. His greatest triumph was the famous eight for 43 that beat Australia at Headingley in 1981 and after retirement became a popular, and often a polarising member of the Sky TV commentary box.

Modern Cricket Era – Players whose greatest contributions to the game were between 1996-2015

  1. Andy Flower of Zimbabwe played 63 Tests, scoring 4,794 runs at 51.54, took 151 catches with nine stumpings as a left-handed wicket-keeper batsman. First Zimbabwe player to be inducted in the ICC Hall of Fame. His grit, determination and will to succeed meant at one point he was ranked number 1 batsman in the world. Andy carried his country’s batting for long periods, setting the record for the highest Test score by a wicketkeeper with an innings of 232 not out against India at Nagpur in 2000. Later, he became a hugely successful coach, leading England to the number 1 spot in the MRF Tyres ICC Test Rankings for Men.

(Colombo/June14/2021)

Sri Lanka stocks close down 0.60-pct, dragged by HNB and LOLC

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed down on Friday, CSE data showed, with the benchmark All Share Price Index moving down 0.60 percent.

The ASPI was down 133.22 points at 22,024.18, while the more liquid S&P SL20 was down 1.06 percent, or 67.55 points, at 6,298.02.

The ASPI ended the week up 784.53 points from last Friday.

Positive contributors to the ASPI were Dialog Axiata (up 0.40 percent at 50.20 rupees), Distilleries Company of Sri Lanka (up 0.52 percent at 58.30 rupees), Aitken Spence (up 3.60 percent at 151.00 rupees), Ceylon Tobacco Company (up 1.05 percent at 1,828.50 rupees), and LOLC Finance (up 1.96 percent at 5.20 rupees).

Hatton National Bank (down 1.88 percent at 403.75 rupees), Richard Pieris and Company (down 6.21 percent at 27.20 rupees), LOLC Holdings (down 2.17 percent at 405.00 rupees), Sampath Bank (down 1.91 percent at 154.00 rupees), and Singer (Sri Lanka) (down 2.40 percent at 77.30 rupees) were top negative contributors.

Market turnover was 3.23 billion rupees. Capital goods led turnover with 869.21 million rupees. (Colombo/Nov13/2026)

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Sri Lanka MP slams budget speech for omitting Tamil national question

ECONOMYNEXT – A Sri Lanka legislator has voiced strong disappointment that the President’s budget speech failed to make a single mention of the Tamil national question.

“It is very unfortunate that in His Excellency the President’s speech, there has not been a single word mentioned about the Tamil national question. Not a single word,” Shanakiyan Rasamanickam said.

“A budget speech generally, is a policy direction of the government for the next year. The budget speech is not only a statement of the country’s fiscal position or the economy’s position. It is the country’s, the government’s, plan, or what the government plans to do the following year. That’s a policy statement.”

Former presidents would at least mention the Tamil question even if it was not resolved, he said.

Former President Ranil Wickremesinghe in his speech, in his policy statement, he would mention: “The Tamil national question must be resolved,” Rasamanickam said.

Former Presidents Maithripala Sirisena and Gotabaya Rajapaksa also mentioned that the national ethnic question must be resolved, he added.

“Every President, every country’s Head of State, in their policy statements, have acknowledged the fact that there is an unresolved national issue, the Tamil national question, that it needs to be resolved. Various governments have proposed various mechanisms; none of them have succeeded, but at least it was mentioned.”

This year’s budget made allocations for the Office of Missing Persons, and the Office of Reparations.

“But the domestic mechanism is a mechanism that the victim community has rejected. So you all are allocating money to a mechanism where the victim community is not going to be part of.”

Last year’s budget 1 billion was allocated to be spent on the Trincomalee and Jaffna airports.

“Where was that 1 billion for the Trincomalee and Jaffna airports spent last year?”

“The trajectory of this government, Honourable Deputy Speaker, is worrying to me. It’s really worrying to me. Because if the objective is to say that there is no Tamil national question, if the objective is to say that you all have resolved any ethnic issue that this country faced, then Honourable Deputy Speaker, then I think the Tamil people will teach this government a very, very, very harsh lesson in the future.” (Colombo/Nov13/2026)

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Sri Lanka sells extra Rs6.5bn Treasury bills after auction

ECONOMYNEXT – Sri Lanka has sold 6,500 million rupees of treasury bills offered on tap at an average rate of 9.95 percent, the public debt management office said, bringing the total of bills sold in the week to 85.562 billion rupees.

The issue offered 90 billion.

Total market subscription was 6.5 billion rupees.

The debt office sold a 12-month bill at 9.95 percent.

On Wednesday (11) the debt office raised 79 billion rupees of 3, 6 and 12 month bills after offering 90 billion.

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Sri Lanka Treasury bill yields hold broadly steady, less bills sold

The settlement date is November 13. (Colombo/Nov13/2026)

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Access Engineering Sept quarter group net profit surges 200-pct to Rs4.75bn

ECONOMYNEXT — Sri Lanka’s Access Engineering PLC recorded a group net profit attributable to equity holders of Rs. 4.75 billion for the quarter ended September 30, surging 200 percent from Rs. 1.58 billion a year earlier, interim accounts showed.

Basic earnings per share rose to Rs. 4.08 for the September quarter, up from Rs. 1.58 previously.

Quarterly group revenue expanded 36 percent to Rs. 20.39 billion from Rs. 14.94 billion, underpinned by condominium property handovers — reflected in inventories dropping Rs. 7.69 billion since March to Rs. 35.71 billion — alongside strong automobile sales and steady civil engineering execution.

Cost of sales rose at a slower 27 percent to Rs. 14.34 billion, lifting gross profit by 64 percent to Rs. 6.05 billion and expanding gross margins to 29.7 percent from 24.7 percent.

Other income jumped 144 percent to Rs. 259.9 million, while administrative expenses rose 75 percent to Rs. 1.14 billion, leaving operating profit up 64 percent at Rs. 5.16 billion.

However, finance costs more than doubled, rising 107 percent to Rs. 1.18 billion on elevated group borrowings of Rs. 43.74 billion, partly offset by finance income climbing 302 percent to Rs. 42.2 million.

Share of results from equity-accounted investees rose 122 percent to Rs. 26.7 million, pushing pre-tax profit up 56 percent to Rs. 4.05 billion.

Income tax swung to a net reversal of Rs. 186.6 million from an expense of Rs. 804.1 million, boosted by deferred tax assets on unrelieved losses from a 100 percent enhanced capital allowance claimed by 60 percent-owned radiopharmaceutical subsidiary Access Medical Tracers (Private) Limited.

Total period profit rose 136 percent to Rs. 4.24 billion, with non-controlling interest declining 24 percent to Rs. 164.9 million following last year’s buyout of minority shareholders in Harbour Village (Private) Limited.

No separate exchange gain or loss was itemized in quarterly earnings, though foreign currency translation via associates recorded a Rs. 17.4 million loss in other comprehensive income, alongside USD 16.6 million in corporate guarantees.

Notes also flagged an expected Rs. 1.45 billion recovery from the terminated South Asia Commercial and Logistics Hub project, a Rs. 225 million post-quarter legal settlement already provided for, and a Supreme Court appeal over a 2011/12 PAYE tax ruling.

Group assets stood at Rs. 132.4 billion as of September 30, with net asset value per share at Rs. 46.70, as the Employees’ Provident Fund raised its stake to 5.69 percent.

Access Engineering shares closed at 80.00 rupees at the end of September and are currently trading around 85.80 rupees. (Colombo/Nov13/2026)

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Sri Lanka private sector says timely implementation of Budget 2027 key

ECONOMYNEXT – Private sector body, The Ceylon Chamber of Commerce, said it was encouraged by the broad direction of Budget 2027, noting that it reinforces Sri Lanka’s commitment to economic transformation while maintaining policy continuity, macroeconomic stability, and fiscal discipline.

“This continuity is particularly important as the country seeks to transition from economic stabilisation to a more durable, investment-led growth trajectory.”

The chamber also noted several areas where the Budget could have placed greater emphasis to strengthen the country’s growth prospects.

“In particular, there is a need for a stronger focus on attracting Foreign Direct Investment (FDI), accelerating factor market reforms, particularly in land and labour, and fast-tracking public procurement reforms to improve the efficiency and speed of project implementation.

“More targeted and actionable proposals could have been introduced to unlock the potential of sectors with significant growth opportunities, including tourism, agriculture, IT/BPO and logistics.”

The chamber said the budget contains positive measures aimed at enhancing competitiveness, and external sector resilience, while presenting opportunities for focus on sectors that can accelerate growth.

“A number of the key structural reforms identified in last year’s Budget have been carried forward and strengthened, providing greater certainty and predictability to businesses and investors.

“These include the continued implementation of the Trade National Single Window (TNSW), the phased removal of para-tariffs, the rollout of the Digital ID framework, efforts to expand market access through new Free Trade Agreements (FTAs), the strengthening of one-stop-shop investment facilitation mechanisms, progress on Customs reforms, the expansion of Bandaranaike International Airport (BIA), enhanced financing support for SMEs, and reforms relating to the management of State-Owned Enterprises.”

The CCC said that more than 20 proposals submitted by it have been reflected in Budget 2027.

These include measures to strengthen investor facilitation through the establishment of a professionally managed investment promotion agency; continued efforts to improve trade facilitation and export competitiveness; the Government’s consideration of a successor programme with the International Monetary Fund (IMF); accelerated progress on key legislative reforms; the expansion of digital government services; and the promotion of cashless payments and broader digital adoption. The Budget has also captured several priorities relating to energy security, including the accelerated deployment of Battery Energy Storage Systems (BESS) and investments in fuel storage infrastructure, initiatives to optimize underutilized agricultural land, measures to support the expansion of the digital economy and the IT/BPO sector, and tax reforms to support exporters, including the acceptance of newly VAT-registered exporters as eligible exporters.

“The inclusion of these priorities reflects the value of sustained public-private dialogue and demonstrates increasing alignment between national policy objectives and the needs of a competitive, export-oriented economy.

“The priority now must be effective and timely implementation to translate policy commitments into investment, competitiveness, exports and sustainable growth.” (Colombo/Nov13/2026)

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Sri Lanka stocks trend lower day after budget reading

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange was trending lower on Friday, CSE data showed, with the benchmark All Share Price Index moving down 0.66 percent.

The ASPI was down 146.78 points at 22,011, while the more liquid S&P SL20 was down 0.94 percent, or 59.99 points, at 6,306.

Positive contributors to the ASPI were Access Engineering (up 1.30 percent at 85.80 rupees), LAUGFS Gas (up 3.31 percent at 49.90 rupees), Ceylon Tobacco Company (up 1.13 percent at 1,830 rupees), Ceylon Cold Stores (up 0.80 percent at 126 rupees), and Namunukula Plantations (up 1.79 percent at 68.10 rupees).

LOLC Holdings (down 1.03 percent at 409.75 rupees), Hatton National Bank (down 0.61 percent at 409 rupees), Sunshine Holdings (down 3.81 percent at 30.30 rupees), and Sampath Bank (down 1.91 percent at 154 rupees) were top negative contributors.

Market turnover was 1.55 billion rupees. Capital goods led turnover with 459.57 million rupees. (Colombo/Nov13/2026)

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