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Monday November 9th, 2026

Monitoring Monitors

I came around a corner on the paddyfield exercise track and there she was, 30 metres ahead, facing my way. Six feet long, she (as I fancy) stood shaking an equally lengthy rat snake with its head already in her mouth. The snake likewise twisted and shook itself in a desperate and doomed struggle to get free. As it did so, the water monitor seemed to slurp it in like a grey-black strand of writhing vermicelli. It went down the hungry gullet, thrashing all the way. The assailant was probably not actually slurping. Her rearward-curving teeth help her lift her front mouth forward on her prey without losing her grip.

In all my rambles round the suburbs with frequent monitor sightings, I have observed predation only four times, all fairly recently. Around the time of the rat snake incident, I filmed a large monitor splashing through the flooded paddy with a still-struggling cormorant in its jaws. On a wooden bridge over a paddy stream I videoed a juvenile dismembering a dead rat, holding it tight with its fearsomely clawed forelimbs while pulling on it with its mouth. Bon appetit!!

Lanka’s Asian Water Monitor (a.k.a. ‘kabaragoya’) ranges also through northeast India, Bangladesh, Burma, the Malay Peninsula, Indochina, Philippines and Indonesia. It swears by what could be called its omni-carnivorous diet, consuming any animal matter it can get its jaws on, including insects, spiders, beetles, centipedes, millipedes, molluscs, frogs, fish, crabs, turtles, lizards, even croc eggs and babies.  It eats even venomous snakes, probably with help from some inbred immunity. It can climb well enough to pilfer bird nests. It will scavenge carrion, including human corpses. With its scavenging, it cleanses the environment of rotting meat, usually not human corpses, fortunately. Rapid swimmer and runner, it excels in chasing prey down, though it cannot breathe while running. 

Poor in hearing and night vision, it profits from superb daytime eyesight and awesome sense of smell. Excellent distance vision helps it spot prey and predators hundreds of metres away. It sees ultraviolet colours invisible to us. Under the hide on top of its head sits a poorly-developed ‘third’ (or ‘pineal’) eye), allowing it to detect directional brightness. It may function in telling time of day and in steering through unfamiliar territory by feeding the sun’s position into mental computations. Its flickering forked tongue detects direction of scent sources by tiny gaps in the time at which molecules strike its left and right sides. This allows it to follow a scent trail toward prey or potential mates.

That flickering forked tongue clues us into its family situation. Monitors find their closest living relatives in snakes, whose tongues look and function similarly. Snakes and monitors together form the biological order ‘squamates.’ Snakes diverged from pre-existing monitors maybe 100-150 million years ago, evolving either from earth-burrowing species or ones that spent lots of time in water. Either way, they gradually lost their limbs to a slithery form of locomotion. Intermediate forms with vestigial hind limbs appear in the fossil record. Some contend that water monitors represent snakes’ closest non-snake cousins.

Monitors in general sport the highest metabolisms among all reptiles, though they remain cold-blooded of course. With most reptiles, unified heart ventricles mixing high- with low-oxygen blood excel neither at renewed oxygenation in the lungs nor high metabolism in the working body. Mid-oxygen blood cannot maximally absorb fresh O2 in the lungs like low-oxygen blood can and also cannot metabolize as rapidly in the working body as high-oxygen blood can. As with crocodilians, only more so, monitor mammal-mimic hearts with dual ventricles keep low-oxygen blood pumped to lungs from mixing with high-oxygen blood pumped to working body. Lungs absorb oxygen richly while concentrated high-oxygen blood facilitates rapid metabolism in the working body.

Monitors exist today as some 80 distinct species, all within a single genus. Various species range from southern Japan, through China, across southern Asia and into Africa. Half their species appear in Australia, monitor capital of the world. That surprising continent once harboured the largest monitor ever inventoried, clocking perhaps as much as seven metres in length and proliferating as top predator for more than a million years. Its scrumptious smorgasbord featured giant kangaroos and other mega-marsupials until it fell extinct 50,000 years ago upon arrival of humans, who may have hunted it into oblivion or out-competed it for prey, much of which also fell extinct.

Today’s largest monitor, Indonesia’s Komodo Dragon, originated in Australia, which it once shared with the now-extinct giant before migrating through the islands to its current dry and isolated homes. It famously takes down large prey like deer and buffalo, aided by venomous saliva delivered in its bites. Toxic anti-coagulants produce non-stop bleeding and shock from sudden pressure drop. Victims who don’t die quickly often flee their tormenters into faeces-laden ponds and die from resulting infections, to be devoured as carrion by gangs of patient Dragons. Ravenous Komodos consume prey in their entirety. Hides, hooves, even bones go down the hatch. Baby Komodos spend a lot of their time up in trees, avoiding adults who will eat them if they can.

Komodo males rear up on hind legs against one another in epic fights over territory and mating privileges. When males grow scarce, female Komodos can produce offspring without mating, a phenomenon called ‘parthenogenesis.’ Those invariably male offspring grow to maturity in nine years or so, providing partners for renewed rounds of sexual reproduction. Despite this reproductive magic, Komodos now rank as an ’endangered’ species (facing very high risk of imminent extinction). As few as one thousand individuals may be alive today. Their restricted five-island range is one problem and they face burgeoning human populations, shrinking forest and expanding agricultural encroachment on their habitat.

Asians happen to be the second largest monitors inhabiting our planet these days and they probably maintain the most extensive range of any, though our local subspecies lives only in Sri Lanka. Their worldwide conservation status stands as ‘least concern.’ With their highly flexible diets, they thrive even amidst heavy human habitation. Their excellent protection from predation stems from sharp teeth and claws, along with long whippy tails and bone-flecked hides. Youngsters perch on trees to avoid crocs, jackals and leopards. 

The largest monitor ever measured, at 3.2 metres, lived in Kandy Lake. They look scary but water monitors rarely attack humans unprovoked. They prefer avoidance. Anyone unlucky enough to get bitten by one through some mishap can expect some irritation at the wound site as their saliva is mildly venomous. Severe harm is unlikely because the venom is weak compared with Komodos.

Like their Komodo cousins, water monitor males fight one another.  On land, they will get up on hind legs, grappling with forelimbs, throwing one another to the ground and executing various flips and twists. I’ve seen this on video, but not live. I once witnessed two of our more smallish land monitors (Bengal Monitors, a.k.a. ‘thalagoya’) fighting just like Komodos, up on hind legs, grappling, tossing and tumbling on a brutally hot, sunny paddyfield. It looked like they might be contending for a spot of shade under a small tree but something more consequential was probably at stake. After several minutes, one of them backed into a stream and swam away. Yes, land monitors can swim. Like their larger island cousins, they too are fearsome hunters. At Sigiriya this past April, some of us watched a land monitor snatch and carry a hefty bullfrog, which we could hear squealing, its eyes wide in terror. What to do, no?

As it happens, I have witnessed water monitors fighting, not on land but in water. One day near the lake separating Pelawatte from Thaluwatugoda, I watched one swim out from the island toward another swimming the opposite way. They tossed each other around for several minutes, each trying to hold its adversary under water. One finally swam away quickly. Such behavior can be misinterpreted by the misinformed. An unintentionally amusing video shot by credulous tourists in Thailand purports to capture two monitors mating in some water. But here’s the thing: monitors, even water monitors, don’t mate in water (except possibly in rare situations when they can touch bottom and cool themselves at the same time) and they certainly don’t mate face to face. Those lizards on camera were making war, not love. One was pinned under the other, losing power, possibly on the verge of running out of breath. Female water monitors will actually take to water when they wish to avoid a mate-seeking male.

Water monitors confront human exploitation in some parts of their range. Forest people harvest their meat, fat and eggs.  In commercial trade, their skins prove useful for crafting fine shoes, belts and handbags. Sri Lanka bans any such usages under its Fauna and Flora Protection Ordinance. But a roadside attraction between Minneriya Park and Polonnaruwa raises questions. A local guy who loves water monitors accepts contributions from visitors who watch him feed them and sometimes get them to do little tricks. They cruise a bayou near his home and visit his compound regularly. The Ordinance bans taking or controlling reptiles without a license to do so. A sign on the road indicates that the operation is government-approved. The place was closed due to drought the day I tried to visit with family and friends back in April. My intended visit would seem to make me an accomplice. I’m not sure how I feel about such a small operation, one that is apparently duly licensed. Visitors may learn to appreciate monitors. But would it not be troubling to see this replicated elsewhere, perhaps at larger scale? 

 

Writer, lawyer and former law professor, Mark Hager lives with his family in Pelawatte.

mark.hager@gmail.com

https://www.linkedin.com/in/mahager/

 

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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