An Echelon Media Company
Monday November 9th, 2026

Sri Lanka active Coronavirus cases rise towards 6000, Covid-19 discharge relaxed

ECONOMYNEXT – Sri Lanka has confirmed 633 Coronavirus patients on October 30, official data showed, with active cases reaching towards 6,000 amid rising concerns and authorities dropped institutionalized quarantine and fast-tracked discharges as buildings were converted to treatment centres.

Of the total, 264 were confirmed from Gampaha, with 48 from Pitipana and 162 from Colombo with 29 from Nawagamuwa and 75 from Colombo 1 to 18 Sri Lanka’s anti-Coronavirus task force said.

“There are several hundred patients being reported each day,” Chief Epidemiologist Sudath Samaraweera told reporters.

“It is also spreading fast. It is now in practically all districts.”

He urged people to limit movements.

Sri Lanka has avoided a nation-wide lockdown and has tried targeted curfews. This week Sri Lanka also dropped institutionalized quarantine.

Deputy Director of Health Hemanthe Herath said operating procedures were being revised to speed up discharges.

Sri Lanka had 5,760 in institutionalized quarantine, down from around 8,500 a week earlier. Another 508 would be discharged on October 31, the anti-Covid task force said.

Under Pressure

With resources being increasingly strained local television is carrying reports of persons on whom PCR tests being done sent home and confirmed patients waiting for admission.

Sri Lanka has 43 hospitals with 7 second tier treatment facilities for largely asymptomatic patients, and another one will come on Herath told reporters on October 30.

There were 5,413 patients in hospitals by October 30, he said. In the 24 hours ending October 31, 633 were confirmed at the anti-Covid task force said 140 were discharged.

Another 444 suspected cases were hospitalized.

After ending institutionalized quarantine, Sri Lanka is converting former quarantine facilities to treatment centres.

Sri Lanka’s Health Promotion Bureau said 11,560 tests were carried out on October 30, the highest daily total so far, up from 11,080 a day earlier and 8,680 a week earlier.

“We are conducting more tests daily despite one of the PCR machines at the IDH being out of order,” Herath told reporters.

“We expect to repair it over the weekend.”

Related

China techies in Sri Lanka to fix Coronavirus PCR machines as Covid-19 spreads

The Chinese embassy in Colombo said technicians had arrived in Colombo to repair the machine and also carry out maintenance on other machines.

Contact Tracing Delayed

The Colombo Municipality is carrying out large numbers of tests, and is finding more patients. On October 29, 37 patients were confirmed in Kotahena, 32 in Mattakkuliya and 20 in Dematagoda.

But there are warnings that testing is limited in other areas.

“In Kurunegala in Wayamba there were only 50 swabs given to carry out PCR tests in the community,” Haritha Aluthge from the Government Medical Officer’s Association told reporters.

The GMOA says there is a backlog of 20,000 swabs to be tested and generally there is a 2.5 percent rate of confirmation.

“In some cases results have been delayed by a week,” Aluthge said. “This is an unfortunate situation. In some area no swabs have been given for community testing.”

Researchers in Vietnam, one of the most successful countries in controlling Covid say there is in general 6-day window for tracers to isolate contacts before it spreads to the next level.

Coronavirus has an incubation period of between 2 to 14 days.

From level to level the spread is exponential. A lockdown and home quarantine, slows the spread, whle countries that completely kill outbreaks use institutionalized quarantine of F1 contacts, with quick testing to work within the 6-day window.

Over the week Sri Lanka also dropped institutionalized quarantine and resorted to home quarantine as numbers grew.

Under home quarantine, contacts who are going through the incubation period tends to infects other family members, parents and grandparents as they develop the disease at home, increasing the number of positive cases, not counting leaks, observers familiar with East Asia say.

Korea which has home quarantine has a steady trickle of deaths (464 deaths up to October 30) compared to 35 for Vietnam which has institutionalized quarantine.

Aluthge said based on information reaching the GMOA, results of about 3,000 tests are awaited in Matara and in some areas 5 to 6 days delays are being seen.

Movement Control

Sri Lanka has now locked down the entire Gampaha district, after initially putting curfews in areas close to Minuwangoda.

At the time authorities insisted that all contacts including those who were turning up in hospital independently without being traced had some link to the Minuwangoda cluster.

The fish market cluster was then discovered around October 20, and large numbers of persons were found in North Colombo. Officials then said cross infections may have taken place.

Sri Lanka has now also locked down parts of the capital Colombo which are densely populated.

So far only the Killinochchi district has had no infections.

However Aluthge said with weak testing of the community, there could be more infections in the country than is seen.

On Saturday reports said a woman patient had turned up positive in a hospital in the South from Galle.

Since symptomatic patients are only a small proportion of the total, such patients points to the existence of another sub-cluster, observers say..

But in many districts the disease is spreading though public health officials are actively chasing contacts.

In Karandeniya area more patients linked to a fish vendor were found.

Public Health Inspector Rohana Thennakoon asked anyone who had bought fish from the vendors in the past few days to report to them.

“There is a high risk of anyone who had bought fish from catching the disease,” he said.

Spreading from Multiple Clusters

In some provinces patients from multiple sub-clusters in Colombo were being found.

On October 30, reports said 08 contacts were found in Eheliyagoda with public health officials saying four were linked to the Pelliyagoda to the fish market and four Colombo Dockyard clusters.

Deputy Inspector General Ajith Rohana said so far about 60 police officers had got infected and 300 are under quarantine.

The first infected persons had first got the disease from purchasing fish for police canteens, he said.

Meanwhile officials said in Colombo’s lower income flats, the disease was spreading despite the curfews.

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)

Continue Reading

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)

 

Continue Reading

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)

 

Continue Reading

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)

Continue Reading

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)

 

Continue Reading

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)

Continue Reading