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Monday November 9th, 2026

Sri Lanka warned of Coronavirus in the community as new cases found

ECONOMYNEXT – Sri Lanka’s health minister warned that there may be infected persons in the community who do not show symptoms, while the count rose to 771 with new cases being discovered in several locations.

“With curfew to be relaxed in the future, you must be mindful that there may be persons who do not show symptoms may be around you from time to time (inder hiter oba athara gawasiya hakiyi), Health Minister Pavithra Wanniarachchi said in Sri Lanka’s Sirasa Television.

“There is a certain trend that you may also get the disease from these persons. So you must wash hands, whether a shop, or supermarket or place of work.”

Sri Lanka is planning to relax tight curfews on May 11. In the Western province, anyone would be allowed to go to work, but authorities are have asked people to limit other activities such as shopping.

Community Transmission

Jayaruwan Bandara, the Director of Sri Lanka’s medical research institute had also warned that there may be infected people in the community, media reports said.

The World Health Organization had designated Sri Lanka as a country with domestic transmission, the head of Sri Lanka’s health service Anil Jasinghe said on March 16, after a patient who had no contact with foreigners got infected from another local.

Sri Lanka’s does not have widespread community transmission, but there have been several large clusters.

Sri Lanka’s Government Medical Association has said in late March that Sri Lanka was in stage 03 transmission of an epidemic where people at home or close contacts are infected.

But authorities who were initially not testing persons outside of discovered clusters starting from symptomatic index cases, said there was no community transmission.

In a country with community transmission, the public generally wear masks.

On May 05, new patients were discovered from Kolonnawa, Colombo 15, in the Bandaranaike Pura area of Rajagiriya causing fresh concerns.

The person in Rajagiriya may be linked to an existing cluster, reports said.

This week, a woman who had been suffering from respiratory symptoms for a month and had reportedly seen a doctor more than once had not been diagnosed or tested until her condition became worse died after being admitted to hospital.

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Her husband was distributing bread for a bakery, reports said.

Sri Lanka’s military chief Shavendra Silva told Sri Lanka’s Derana television that investigations were underway to find the infections sources of the newly discovered persons.

“There have been situations where we could not initially find the link,” Silva said. “For example in the Dabare Road case we eventually found the connection. Here also we are conducting investigations.”

New cases not linked to existing clusters point to more un-identified infected persons or clusters in the community.

Meanwhile officials had found 71 contacts of the new cases and quarantined them. Tests are now being conducted on them.

Testing Restrictions

Sri Lanka is now finding new cases from the community as well as contacts after relaxing earlier controls on Coronavirus tests.

Initially tests were denied to anyone who was not already in hospital. The persons in hospital were only symptomatic cases.

Tests were also denied to asymptomatic first contacts and quarantined person.

Authorities initially wanted all symptomatic persons to come to state hospitals to keep control of all cases.

But the rationale for denying voluntary tests to asymptomatic person who may want it because of a perceived if they are prepared to bear the cost is not known.

However close contacts of symptomatic persons are now tested, though there have been concerns that ‘casual’ first contacts may be not be tested.

The denial of tests to quarantined persons was also lifted after at least two turned up with symptoms after release.

Some public health officers who were contact tracing in a large cluster went to voluntary self-quarantine after they were denied tests.

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A large number of Navy personnel who were involved in contact tracing and quarantine were also not discovered until a symptomatic person got infected and admitted himself to hospital.

Authorities are now testing some high risk groups based on an algorithm, Jasinghe has said.

Voluntary Tests

Businesses are still denied voluntary tests of high risk groups at their own expense.

Though symptomatic persons are expected to go to a designated state hospital, the rationale for the ban on asymptomatic persons has been questioned.

“Once curfew is lifted, the front office staff of any institution including airports, quarantine workers, cleaning staff, people working in economic centres, and drivers may be exposed to higher risks,” Colombo-based Advocata Institute said last month, while also calling for testing of high risk groups.

“Those in driving/delivery related jobs in particular would also be in a position to spread the disease faster and to a greater area.”

Sri Lanka’s National Medical Regulatory Authority initially raided a private hospital and sealed test material.

In countries that are successful such as Korea, voluntary drive-in tests are conducted at state expense.

Sri Lanka is now aggressively tracing contacts of all discovered infected cases, especially a dozens of Navy personnel who were allowed to go on leave during Coroanvirus curfews which led to the spread of the disease around the country.

Many of the earlier clusters have been controlled.

On April 05, a person discovered in Kolabissa in Kandy who was linked to a relative of a sailor, 67 contacts had been quarantined, General Silva said.

Twenty seven contacts of a person in Rajagiriya Bandaranaike Pura were also quarantined.

Authorities had take 138 to quarantine centres and 4883 person were in 39 quarantine centres. A total of 339 military officers have so far been found. (Colombo/May06/2020 – Corrected paragraph 06)

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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