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Monday November 9th, 2026

Sri Lanka President Anura Dissanayake addresses the nation: Full text

ECONOMYNEXT- Sri Lanka President Anura Dissanayke made a televised address to the nation on September 24. The full text of the prepared speech is reproduced below:

Esteemed Maha Sangha and Religious Leaders, Parents, Brothers, Sisters and Children;

I extend my heartfelt gratitude to all the people of this country who have listened to our voices over the decades and breathed life into the programs we proposed.

We believe that the victory you have given us will be even more strengthened if it brings joy to those who may not have agreed with our vision. Therefore, I want to dedicate this victory to all citizens of our nation.

We honour and remember the courageous men and women of previous generations who made sacrifices, some with their lives, for this victory. I see this victory and the prosperous nation we aim to build as a tribute to their legacy.

We believe that all people, including those who trusted us despite slander, falsehoods, and misinformation, and elected our political movement with great determination have the strength to shoulder the responsibility of building this nation together.

We are capable of fulfilling this role as a united team, and we have a talented team dedicated to this mission. Our determination is unwavering.

The change we seek involves many steps that will take time. However, achieving stability and confidence in the current economy is crucial. We plan to begin negotiations with the International Monetary Fund immediately and proceed with activities related to the extended credit facility.

Additionally, to advance our debt restructuring program, we are negotiating with relevant creditors to expedite the process and secure necessary debt relief. We are confident that we can gain the support of both the people of this country and the international community, and we believe that through this collective support, we can achieve success.

A key concept that resonates with the public is our commitment to making a “difference.” One of the primary changes citizens expect is to eliminate the negative traits in our political culture. Our track record thus far supports this commitment. Notably, we succeeded in making the presidential election the only one in Sri Lanka without reports of post-election violence, which reflects the trust the people have placed in us. Our aim is to confirm and stabilize this positive situation.

At this moment, I want to highlight the importance of engaging in politics with a collective focus on building our country. We are committed to providing that leadership.

Regardless of whether one identifies as Sinhalese, Tamil, Muslim, Burgher, or Malay, our nation will not thrive until we create a practical environment where everyone can proudly say, “We are Sri Lankan citizens.” We will not hesitate to implement the necessary constitutional, economic, and political reforms.

We are launching a permanent program to build a unified Sri Lankan nation that respects diversity, fully ending the era of division based on race, religion, class, and caste.

We have already taken significant steps to appoint efficient and honest officials to oversee these initiatives. We are advancing steadily toward the desired changes, ensuring that public service remains intact and citizens are not adversely affected.

We are committed to creating a law-abiding nation and fostering a disciplined society while ensuring the social security of all citizens. This revives the principle that everyone is equal before the law.
We believe that public service plays a crucial role in nation-building. To that end, we will establish a public service that instills pride in the community and aligns with the government’s goals. Our commitment is to create an efficient, honest, and people-focused public service.

Our goal is to improve the standard of living for the people of this country. We are implementing practical programs to alleviate the heavy burdens faced by our citizens.

No parent in this country should have to worry about their child’s future. Every parent deserves the right to provide their child with access to quality schools and education. We are fully committed to securing the future of the next generation by ensuring excellent education for all children. By fostering knowledge, attitudes, and skills, we are building a promising future for the young generation of our country.

When we visit a country, the airport often offers a first impression, reflecting its order, the behaviour of its people, their work ethic, and cultural practices.

It also reveals the country’s cleanliness, how vehicles are driven, how the elderly are treated, the hospitality shown, and even how animals are cared for. We have developed clear plans to enhance Sri Lanka’s image in these areas, with short-term, medium-term, and long-term initiatives already underway.

Our goal is to create a nation where the world respects our passport, and where every citizen can proudly say, “I am a Sri Lankan.” We aim to build a country where citizenship is a source of pride for all.

Achieving this vision will require the collective effort of every citizen.

We are committed to creating a system that upholds social justice for all, and we will do so with the highest sense of responsibility.

We are building a secure future for our children and youth through a program that promotes knowledge, skills, education, and entrepreneurship.

The women in our community, who make up over 52% of our population, play a vital role in both the economy and the social fabric of our country. We are actively working to enhance women’s representation across all institutions. As a testament to our commitment, we have already appointed a woman as Prime Minister.
A significant portion of our population consists of individuals with disabilities who require special social protection. To support this group, we have proposed a robust social safety net and are implementing short-term measures to address their needs.

We ensure that no group within our society is overlooked on our journey forward. By respecting each other’s identities and harnessing them positively for the country’s progress, we make our collective contribution.

We hold a strong belief in the sovereignty of the people and are committed to safeguarding their democratic rights.

I understand that some may feel uncertain due to doubts about us, but I am determined to earn your trust through my actions. I welcome your constructive criticism and encourage you to join us in building the future together.

If we can set aside our differences, I believe you will see that we share the same goals. Together, we can confront the challenges facing our country and develop the necessary strategies to move forward. Our doors are open to all who are genuinely and positively committed to the progress of our nation.

We require a Parliament that accurately reflects the will of the people. The existing Parliament does not represent that will. Therefore, I took the step yesterday to dissolve it. A cabinet was appointed in line with our parliamentary representation to guide the country in accordance with the constitution.
There is one dream our people see every new day the sun rises.

That is “tomorrow will be better than today!”

However,

You and I both learn for many years, this has remained merely a dream.

Opportunism, the greed of power, and authoritarianism has hindered our country’s progress.
But now we have our final opportunity which cannot be missed. Let us unite to create a thriving and beautiful country that embraces diversity.

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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