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Monday November 9th, 2026

Sri Lanka Coronavirus testing ramped up as Vietnam tests 94,000 in Covid-19 offensive

LIGHT SPEED TESTING: A medical team inside a lockdown barricade testing multiple level contacts of patient 243 in Me Me Linh district, Hanoi City. Two ambulances are standing by outside the barricade to take any positive cases to hospital. Patient 243 is believed to have developed Coronavirus 23 days after visiting a compromised section of Bach Mai hospital.

ECONOMYNEXT – Sri Lanka is ramping up Coronavirus tests, with some persons who had been released from quarantine developing Covid-19 and others also being found in society without symptoms in a bid to clamp down on community transmission, officials said.

The entire battle against Coronavirus had been complicated by finding that patients could become positive up to 20 days after contact.

Government Medical Officers Association has urged health authorities to boost Coronavirus tests to identify those who are not showing symptoms in a bid to close gaps in the country’s anti-Coronavirus battle.

Sri Lanka has conducted over 3,000 tests so far using the so-called PCR method, where the phlegm of a person is tested, but it is not being used enough, the GMOA said.

The group is also urging rapid tests, which detect antigens in blood of patients who show no symptoms.

A strategy is being developed with intelligence, the ICTA to relax curfews and re-open the country for economic activities, the head of the GMOA Anurudda Padeniya said.

Tests before Relaxing

“But to re-open the country we first need to identify the infected persons in society,” Padeniya said. “This is a difficult virus infection in which to find infected persons, because about 20 percent do not show symptoms.

“About 64 percent show mild symptoms. So only 16 percent only show clear symptoms. If we do not find all these people, there is big risk of a new surge in infections if when we open the country.

He said the World Health Organization has recommended “aggressive testing”.

One test is the so-called PCR test which is currently being done, which detects the presence of the SARS-Cov-2 virus in phlegm. The second tests the blood of a patient to find anti-bodies that have been developed to kill the virus by the body.

The GMOA has been urging that so-called ‘rapid tests’ developed in Korea and elsewhere be used.

Other GMOA officials have also urged the health ministry to quickly start using rapid tests which are said to cost less than 1,000 rupees a go and it should not take authorities five days to ‘validate’ the kits.

Testing Debate

The head of Sri Lanka’s health service Anil Jasinghe said the kits submitted to the ministry of health has so far been found to be of poor quality.

“We validate all kits, but all kits submitted were not of the required quality,” Jasinghe said on April 06. “If we get a rapid test of a better quality, we will use it.”

A video conference with the ministry’s technical committee had been held with Malik Pieris, an expert of Sri Lankan origin who has been advising the ministry.

He had been satisfied with the process followed so far, Jasinghe said.

“We are focusing on doing more tests,” Jasinghe said. “This week we are doing twice the volume we were doing last week.

Medical officials have also said that the PCR test can detect presence earlier as it may take longer for some people to develop antibodies.

GMOA’s Padeniya said whatever tests that are available will only has a sensitivity of 70 percent. When 100 infected persons are tested, only 70 will come up positive, though the others are carriers.

“So 30 percent will escape us,” Padeniya said. “The remedy given by the WHO is to repeat the test. That is why test, test, test.”

Reports said there were about 115 PCR machines in state agencies, universities and private laboratories.

In the main testing lad in Borella only 3 out of 7 were being used. An official of the lab said earlier in the week that the lab had not got samples to use machines to capacity.

Padeniya said following a meeting with officials it was assessed that Sri Lanka could conduct about 12,000 tests a day, but there was shortage of swabs to take samples. Work was underway to produce more swabs, he said.

“We do not really care what test is done, provided tests are done,” Padeniya said. “We have been insisting from Monday that more tests be done.”

“Now how many days have gone? Seven or 8 days.”

3000 (F1)s

By the first week of April about 45,000 persons were either in military run quarantine centres or under observation by police, local headmen or health officials, he said.

He said those persons should be tested.

Researchers from the Woolcock Institute of Medical Research, Hanoi, Viet Nam; Sydney School of Medicine, Faculty of Medicine and Health, The University of Sydney, Australia, supported by others in Laos say at least three generations of contacts have to be traced and two tested to successfully kill community transmission.

When a new patient is found (index case or ‘F0’) all his closest contacts (F1) and their contacts (F2) should be traced should be traced. All F1s should be tested immediately.

If any F1 is positive, F2 should be tested and F3 traced. If the process is done fast enough, the line of transmission can be extinguished quickly.

The Vietnamese researchers said every person in quarantine should be tested and no one should be released without being tested twice.

Sudath Samaraweera, the head of the Epidemiological unit of Sri Lanka’s health ministry said there were about 3000 close associates (F1) in among the 40,000 plus person in quarantine of lockdown.

Jasinghe said Sri Lanka would increase testing of targeted groups.

He said about 3,000 were close contacts in the first ring of persons and others were ‘casual’ contacts. Sri Lanka would focus on the closest contacts first.

“We think in a few days we can increase the rate to 500 a day. There are now 9 centres. Ratnapura and Jaffna has joined the network of labs.”

At least two persons, who had been released from quarantine after 14 days had apparently got the disease after 20 days.

Sri Lanka’s Army chief Shavendra Silva said he was confident that according to the processes followed in the centres they could not have got infected inside.

Jasinghe said amount from now on all inmates of quarantine centres will be tested. They will also be tested before being released.

Sri Lanka is among few countries in the world that had contained the spread of the virus and is ahead of most countries in the world.

Only few countries like Korea, which developed cluster and Vietnam, had been aggressively tracing contacts like Sri Lanka.

Vietnam, which shares a border with China also started isolating and tracing contacts during the so-called Wave I period, restricting arrivals from China against the advice given by the World Health Organization at the time.

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Community Tech

By April 08, Vietnam had conducted 106,000 tests up from 94,000 a day earlier its Health Ministry data showed, indicating that the country could now conduct 10,000 a day.

Like Sri Lanka Vietnam had been aggressively tracing contacts using the military intelligence and community support to find patients and their close contacts (F1) and the next level of contact (F2) to stop community transmission.

As soon as the patient is found, the Health Ministry publishes a contact diagram with a timeline where the patient had been asking people to come forward.

The diagram is given wide publicity in the media.

Terms like F1 (first contact), F2 (the contact of contacts) and (F3) are bywords among residents of Ho Chi Minh City and Hanoi, where most of the foreigners and returnees who brought the virus were resident.

Anyone in Vietnam can also log into a Health Ministry app, developed by Viettel, a state telecom company, input their symptoms and get a assessment of their condition. The app gives advice on whether to self-quarantine or go to the hospital.

The app will show the closest designated hospital with a Google map, which the person can call or get chat support. The public can also submit information about their friends or neighbors.

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Vietnam had 16 First Wave cases from China and successfully stamped it out with aggressive contact tracing.

Second Wave from outside China

The Second Wave from Western countries that did not block arrivals from China or quarantine them began in March in Vietnam as it did in Sri Lanka.

Among the last were involving Muslim Cham peoples who had returned from a religious ceremony in Malaysia.

In Sri Lanka Jasinghe said the initial infections from arrivals from Italy now seemed to have ended and the latest infections related to those who came back from India and Malaysia and Indonesia.
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In Vietnam about 150 of the 243 confirmed were foreigners. Vietnam gets 18 million tourists a year and has dozens of aircraft landing in several airports every hour.

Many of the rest are returnees or immediate family members.

Vietnam was also the first country to stamp out SARS according to the World Health Organization.

Next Wave

However it is not clear how the battle will be compromised by infected persons who develop the disease up to three weeks later.

Sri Lanka had confirmed 185 coronavirus patients by April 08. Two persons had had been found from the Punani quarantine centre on April 07, Jasinghe said.

The daughter and two grand-daughters of a patient who had been confirmed earlier had been found.

Two persons from Puttalam, contacts of a person who had come back from Indonesia and Malaysia had been confirmed.

“Our situation is not that bad, but if we relax clusters can develop,” Jasinghe said.

Authorities were also tying to find out about a three-wheeler driver who was found two days ago had and a child, raising some concerns.

Officials have said that that April would be crucial to check whether there was wider community transmission.

The curfews would plug any ‘leaks’ from the contact tracing.

In Vietnam Prime Minister Nguyen Xuan Phuc also warned the public not to be complacent, maintain social distance and be prepared for the next wave community transmission outbreaks.

“The current prevention and control strategy is social isolation, search for cases, localization of epidemic suppression by the method of” locking from the outside, stamping out from the inside,” Vietnam’s TouiTre newspaper quoted PM Phuc as saying.

But from April 15, the health sector, regional governments would have to be prepared for the next wave, he said. (Colombo/Apr07/2020)

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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