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Monday November 9th, 2026

Sri Lanka in multiple Coronavirus clusters as Covid-19 home deaths rise

ECONOMYNEXT – Sri Lanka has reported 30 Coronavirus deaths with 08 home deaths and authorities are placing more responsibility on containing the epidemic on members of the public with Covid-19 in multiple clusters with curfews expected to be relaxed soon.

Sri Lanka authorities have insisted that there is no community transmission in Sri Lanka.

Stages of Infection

The Health Ministry said on Friday, Sri Lanka is now in Alert 03 or multiple clusters, which is before community transmission.

Guidelines have been released for various businesses and activities and people are being asked to practice DReAM (D-Social Distancing, no gathering, mainly stay at home/Re-Respiratory Etiquette, A – aseptic practices/handwashing/sanitizing) and M – proper use of masks.

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Though the SARS-CoV-2 strain found in Sri Lanka is said to be highly transmissible, social distancing had not been increased from the current one metre.

In community transmission, clusters cross-infect and the distinctions between them disappear.

Sri Lanka’s Public Health Inspector Union officials have warned that conditions of imminent community transmission existed in some areas of Colombo, which are densely populated.

The World Health Organization also classifies Sri Lanka as a country with clusters of Coronavirus.

Sri Lanka’s Army Chief General Shavendra Silva had indicated that curfews will be relaxed as soon as possible.

“President Gotabaya Rajapaksa has instructed us to do all the PCR tests and measures necessary during the nine days and work towards re-opening the Western province by the morning of November 09,” he said this week.

President Rajapaksa has said businesses and daily income earners were finding it difficult to cope with curfews, unlike state agencies which would anyway pay salaries.

In Colombo curfews were imposed on November 01 on areas with lower concentrations of Coronavirus cases while curfews were already in placed in northern parts of the capital with high concentration closer to a fish-market which had become the epicenter of a cluster than spread island-wide.

Health authorities would be allowed to isolate smaller areas, President Rajapaksa had said.

In the past three days, several areas in the provinces, which were isolated have been opened as contact tracers caught up.

Health authorities and public health inspectors have been engaged in a major battle to trace, test, isolate, and quarantine contacts. About 11,000 tests are being conducted daily on contacts, on those under treatment and on random and targeted samples in high risk groups.

There are around 84,000 first and second contacts of confirmed persoh

Sri Lanka confirmed 13,47 cases and 34 deaths, with 04 death and 4445 new cases being reported on November 08 by the Health Ministry.

On November 05, five deaths were reported, including three who had died at home.

On November 07 four deaths were reported, of which two persons had already died at home.

Sri Lanka’s Government Medical Officers Association had warned against discharging patients without a Coronavirus test, as discharge criteria were relaxed.

This week new cases were found in the countries largest prison in the capital and in the port.

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Cities as Epicentres

The WHO says community transmission starts in cities and spreads, though it is not classified as a separate stage.

“Cities are often national and international epicentres in the COVID-19 pandemic,” the World Health Organization says.

“Cities act as centres of community transmission, as well as entry points into further country-wide transmission through national and international travel and trade. They also often serve as points for health-care surge.”

The fish-market cluster from Peliyagoda north of Colombo has particular has spread the infection far and wide.

Officials initially attributed all discovered cases to the Minuwangoda cluster which was found on October 03.

But on October 20 random tests at the fish-market after several fish vendors were infected, found an even larger cluster at the Peliyagoda market.

Health Authorities have already said the Minuwangoda and fish-market clusters have been cross infecting.

The WHO does not have an intermediate definition for cities with cross infecting clusters.

Workers going from Colombo port and several apparel factories have also taken the disease home. In many rural areas, patients are turning up from a cluster at Colombo Dockyard.

This week Colombo Port saw a surge in cases.

Countries like China and Vietnam have stamped out clusters in cities and brought countries back to normal by isolating the city.

China locked down Wuhan where community transmission was widespread. Its economy is expected to grow 1.2 percent in 2020.

Sri Lanka’s Chief Epidemiologist Sudath Samaraweera has said that numbers from the Minuwangoda cluster have started to fall.

Home Deaths

In northern Colombo several older people with Chronic diseases have died in their homes.

Only one person in Colombo 13 was a contact of a known traced case, according to information publicly available.

Out of 30 deaths reported in Sri Lanka, 17 have been home deaths attributed to Coronavirus after post-mortem examination.

As clusters multiplied Sri Lanka dropped institutional quarantine, converted the facilities into treatment centres as started to quarantine first contacts at home.

Officials are now saying it is the responsibility of the public to protect their elders.

“If you take this virus home, and home and if your mother and father or grandparents get it, the bigger chance is that they will die, rather than recover,” Jayaruwan Bandara, spokesman for Sri Lanka’s Health Ministry told reporters.

“The responsibility is yours. Carry out the responsibility for them. If you go out do not bring it in.”

The comments came as authorities also stepped back from institutional quarantine, in contrast with the most successful countries in East Asia.

Institutional quarantine stops infections of second level contacts in a family where the first contact has not completed the incubation period, observers say.

When the first contact has not completed the incubation period, both first and second level contacts remain in the same house.

First Contacts in Home Quarantine

If first contacts are not in institutional quarantine the chances of family members including the elderly from getting infected is higher, observers familiar with the practices followed in the most successful countries in East Asia say.

If contact tracers get to the contact before the incubation period is over and takes a first contact to a centre, other family members will not get infected.

However, if first contacts are kept at home until they develop the disease and becomes a patient, there is a greater chance that other family members become infected increasing pressure on hospital beds and intensive care units

There is in general about a 6 -day window for tracers to find contacts, before they get to the next level, according to researchers in East Asia.

On November 03, a 68-year old woman from Jampettah Street died at home while under home quarantine.

“A family member of the deceased woman was diagnosed as Covid-19 and other members were under home quarantine,” the state information office said.

It was not clear whether the infected family member had already developed the disease by the time tracers found him.

Another person who had committed suicide also had a family member taken to hospital.

It is not clear whether the other home deaths are related to known contacts and whether family members were found.

Vietnam which uses institutional quarantine and probably the worlds most effective testing protocol has seen 35 deaths and 1,213 cases and 35 deaths compared to 467 deaths and 27,200 cases in Korea which relies more on home quarantine.

In Korea one or two dies every day despite having an advanced health care system with extra-corporeal membrane oxygenation and continuous renal replacement therapy.

Vietnam completely killed the epidemic in January-February (from China), March-May (from third countries) and an outbreak in July believed to be from illegal migrants from China.

Meanwhile, President Rajapaksa had asked officials to ensure that home quarantine is enforced after curfews are lifted.

“While paying special attention to close associates and the areas they belong to in the event infected persons found in the community, and if necessary, President advised to declare those areas as isolated,” his office said in a statement.

“Importance of concentrating on estates and flats was discussed in length”. (SB-Colombo/Nov07/2020 – Updated with end of day numbers)

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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