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Monday November 9th, 2026

Wake Up! It’s time for Gender Parity not Patriarchy

DIG Bimshani Jasingha Arachchi

ECONOMYNEXT – In filing a Fundamental Rights petition against the appointment of a woman officer to the post of Acting Deputy Inspector General of Police (DIG), the thirty-two aggrieved Senior Superintendents of Police have placed the spotlight on a glaringly discriminatory practice in the country’s police department.

The petition which is to be heard on May 18 states that the appointment of Bimshani Jasin Arachchi as the Police Departments first female DIG violates the standard procedures followed in the promotion of senior police officers. The petitioners, all males, also claim that Jasin Arachchi’s appointment is irregular as the provisions that allow for the appointment of DIG’s do not include the word ‘woman.’

And that indeed is the crux of the matter; that the police department has, up to date, failed to address this anomaly which does not allow women police officers to rise beyond an SSP.

The petition has naturally caused quite a stir, not only amongst women, but amongst the general public who uphold the right to equal access and equity between genders. The United National Party it was reported was standing with Jasin Arachchi, while female parliamentarians crossed party lines to express their support for the woman DIG.

According to a Sunday Times article published soon after her appointment as DIG in September 2020, Jasin Aarachchi had, in the year 2000 been denied a promotion to Assistant Superintendent of Police, even though she had cleared both the exam and interview, because she was slightly shorter than the requisite height. The article which profiles her period with the police, from her recruitment as a Sub Inspector 1997 states that she had fought and won that battle in the courts.

One wonders whether police recruiters missed the fact that she lacked the height requirement, when she was first hired to the police force!

Her appeal to the National Police Commission saw her appointment as an ASP being backdated to December 31, 2007. While the case meandered through the courts, other female cadre who had risen through the ranks were also appointed as ASP’s but their letters had been dated January 1, 2008, making her their senior.

Then, swiftly promoted to SP and SSP between 2016 and 2019, she was appointed Acting Deputy Inspector General and assigned a field position in 2020. The quick promotions meant she has not met the required number of years a police officer must serve in the ranks of SP and SSP, therefore making her ineligible to be made a full DIG, the report states.

And now she faces yet another battle, brought about by some of her male colleagues.

The Sri Lanka police first recruited women to the force in 1952 states the Police Website. And here we are today, sixty-nine years since that first woman was recruited, with no provision within police regulations for women to go beyond the rank of Senior Superintendent of Police. Had Jasin Arachchi not been appointed to the post of Acting DIG, her male colleagues and superiors would have been quite happy to continue with the status quo.

The National Police Commission meanwhile has attempted to address the imbalance of cadres in the Police Department. With a plan to ensure both genders are better represented in the Police, the Commission had made provision to increase the female cadre in the Force from 11 to 15 per cent beginning January 1, 2019. Explaining the reason, the NPC website states that this policy had been launched to ‘ …..ensure that there were more female police officers who could deal with issues specific to women and children. Another reason for this increase was also to even the promotions given to both men and women.”

Obviously, the Commission had noticed the discrepancies in terms of gender balance and the need to address it. Moreover, the contention of the petitioners that police regulations do not include the word ‘woman’ when appointing DIG’s, does not seem to have been seen as a drawback by NPC.

To begin with, why is it necessary that the regulations allowing promotions or appointments to the position of DIG should include the word ‘woman’? Should it not be a given that irrespective of one’s gender, one could hold the topmost position of the department as long as the required education, experience and ability etc. are met?

Sri Lankans are proud of producing the world’s first woman Prime Minister, even though Sirimavo Bandaranaike was elected to that highest office of the land, following the death of her husband. If education and experience were the criteria to be elected to that office, she pretty much had little of either, having been suddenly thrust into the role of being the leader of the Sri Lanka Freedom Party, and then the Prime Minister. And, when she and her daughter, President Chandrika Bandaranaike Kumaratunga (CBK) were elected to those positions, did the rules and regulations of this country include the word ‘woman’, thereby clearing the way for them both? What of the many other high positions women in this country hold? Are those clearly marked as cadres for ‘women’? We have women holding the positions of Governors of Provinces, Mayors and Chairpersons of Local Government, Heads of Department and School Principals to name just a few. So, why not in the Police Force? CBK as she is popularly known was the fourth woman in the world to be elected president, and the first woman to hold the post of Executive President. If we are to go by the argument put forth by the petitioners, then neither mother nor daughter would ever have had the opportunity of becoming Heads of Government!

Of course, Sri Lankans never miss the opportunity of reminding the world Sri Lanka holds the first place in electing a woman as Prime Minister, and that too way back in 1960, each time a woman is appointed to a similar high office in some other country. US Vice President Kamala Harris’s election was one such, even though our numbers of women politicians is dismally low.

Perhaps the police department has forgotten, or would rather prefer not to know that Sri Lanka’s women were amongst the first in Asia to win the right to vote. And that was way back in 1931!

The petitioners, according to media reports is seeking a revocation of Jasin Arachchi’s appointment as DIG, claiming that it violates their fundamental rights guaranteed by the Constitution.

Public time and money would have been better spent if the petitioners fought to win the right of their women colleagues to be treated on equal footing and afforded equal opportunities. If they believe their fundamental rights are being violated, the same argument holds for all women deprived of aspiring to hold any high office, not just in the police force.

The police department and the rest of society that fails to accept gender parity needs to get over their patriarchal attitude at least now; wake up, it is 2021! (Colombo, February 22, 2021)

By Kshama Ranawana Courtesy Counterpoint.lk

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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