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Monday November 9th, 2026

Nearly one billion confined to homes as virus toll nears 13,000

NEW YORK, NY – MARCH 16: Inverted chairs are seen at the closed Tartinery cafe in Grand Central Terminal during rush hour as the coronavirus continues to spread across the United States on March 16, 2020 in New York City. The World Health Organization declared coronavirus (COVID-19) a global pandemic on March 11th. Dia Dipasupil/Getty Images/AFP

AFP – Nearly one billion people around the world were confined to their homes Saturday as US states implemented stay-at-home orders similar to those in Europe, and as deaths from the global coronavirus pandemic surged towards 13,000.

More than a third of Americans were adjusting to life in various phases of lockdown — including in New York, Los Angeles and Chicago, three of the country’s most populous cities — with more states expected to ramp up restrictions.

New Jersey became the latest US state to restrict movement as the fast-spreading pandemic upends lives across the planet, closing businesses, shutting schools and forcing millions to work from home.

“This is a time of shared national sacrifice, but also a time to treasure our loved ones,” US President Donald Trump told a press conference. “We’re going to have a great victory.”

The virus death toll soared to 12,725 worldwide as worst-hit Italy reported a one-day record number of deaths — nearly 800, with the country’s overall toll shooting past 4,800 — and Spain reported a 32 percent spike in new deaths.

France’s toll jumped by 112 to 562, as police officials said helicopters and drones were being deployed to boost the government’s attempts to keep people in their homes.

“The helicopters will give us a larger vision and a panoramic view of the situation in real time to help guide the patrols on the ground,” a national police source said.

Nearly one billion people are now confined to their homes in 35 countries, including 600 million hemmed in by mandatory government lockdown orders, according to an AFP tally.

The measures came as pressure mounted on Olympic organizers to postpone the 2020 Tokyo Games — and as the US Congress thrashes out an emergency economic package that could top $1 trillion.

– ‘Months, not weeks’ –

With virus fears gripping the world’s number one economy, New Jersey followed several other states, including California, New York and Illinois, in telling residents to stay indoors.

Governor Phil Murphy ordered all non-essential businesses to close their physical stores from 9:00 PM (0100 GMT Sunday).

And in New York, Governor Andrew Cuomo warned Saturday that the disruption is likely to last for months, not weeks.

“I don’t think it’s possible in a city of this size for people to maintain it for much longer than three weeks before they start losing it,” said Yona Corn, a 35-year-old singer living in New York.

“I think there’s going to be a big mental health crisis. I worry about what’s going to happen to people,” she told AFP.

China reported no new local infections for a third straight day Saturday, and the WHO said the central city of Wuhan, where the virus first emerged late last year, offered a glimmer of “hope for the rest of the world.”

But there are growing concerns of a new wave of “imported” infections in the region, with Hong Kong reporting 48 suspected cases on Friday –- its biggest daily jump since the crisis began.

Italy, a nation of 60 million, now accounts for more than a third of the world’s coronavirus deaths. It has a death rate of 8.6 percent among confirmed COVID-19 infections, significantly higher than in most other countries.

France, Italy, Spain and other European countries have ordered people to stay at home, threatening fines in some cases, while Bavaria became the first region in Germany to order a lockdown.

Britain told pubs, restaurants and theaters to close and warned citizens to stop panic-buying.

While the elderly and those with pre-existing medical conditions are the hardest hit by the virus, the WHO has warned that young people are also vulnerable.

Australia’s famed Bondi beach and Rio de Janeiro’s beaches were ordered shut, and the normally bustling US-Mexico border was deserted as a shutdown took effect Saturday.

In the US Congress, lawmakers expressed hope of striking an agreement on a $1 trillion emergency aid package, amid fears of widespread economic fallout because of the pandemic.

Vice President Mike Pence said he and his wife would be tested for the coronavirus after one of his office staff contracted the illness.

And the US Food and Drug Administration also approved the first coronavirus test that can be conducted entirely at the point of care for a patient — and deliver results in 45 minutes.

In sports, the USA Track and Field became the latest influential athletic body to ask for the Summer Olympics to be called off.

“The right and responsible thing to do is to prioritize everyone’s health and safety,” chief Max Siegel said in a letter to the US Olympic and Paralympic Committee (USOPC).

– China help –

The strict confinement measures follow the template set by China, as a lockdown imposed in Hubei province, of which Wuhan is the capital, appeared to have paid off.

Europe now accounts for more than half of the world’s fatalities linked to COVID-19.

However accurate figures are difficult to reach because many of the victims suffered from other illnesses, and infection rates are uncertain because of a lack of testing in many countries.

The shadow of the novel coronavirus is lengthening across Africa and the Middle East as well.

Cases stand at more than 1,000 across Africa, where health care systems are fragile and social distancing is difficult in many crowded cities.

The Democratic Republic of Congo, Finland, Lithuania and Mauritius all reported their first virus deaths Saturday.

In Iran, which reported 123 new deaths Saturday, President Hassan Rouhani promised the country would overcome the outbreak — but refused to join the rest of the world in imposing heavy restrictions.

Iran has had more than 1,500 deaths and some 20,000 infections linked to COVID-19.

In Latin America, Bolivia ordered citizens to stay at home starting Sunday, and Colombia said it would begin mandatory isolation from Tuesday.

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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