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CoPF commends decision to redraft Micro-Finance Bill

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The Committee on Public Finance (CoPF), chaired by Dr. Harsha de Silva, played a key role in advancing inclusive policymaking for the Microfinance and Credit Regulatory Authority Bill.

Following extensive consultations with a diverse range of stakeholders, including community-based organizations, transparency advocates, think tanks, and fintech companies, the CoPF’s engagement yielded a significant development.

The Ministry of Finance initially presented the Bill. However, after careful consideration of stakeholder feedback received during the CoPF meeting and recordings reviewed, the Ministry recognized that the Bill, in its current form, did not effectively address their original objectives.  Fears existed that the Bill might inadvertently stifle microfinance activities in Sri Lanka.

This decision by the Ministry of Finance to withdraw the Bill for redrafting reflects a commitment to transparent and inclusive policymaking.  By actively engaging various stakeholders, the CoPF identified potential issues and fostered a collaborative environment for achieving a positive outcome.

This episode also highlights the vital role Parliament plays within a democratic system. The CoPF, through its diligent work, demonstrates how legislative oversight can ensure proposed policies are well-rounded and serve the best interests of the public.

The Ministry of Finance has expressed its commitment to redrafting the Bill in consultation with stakeholders, ensuring that it fosters a healthy environment for both microfinance and Small and Medium Enterprises (SMEs).

State Ministers Dr. Suren Raghavan, and Members of Parliament Rauff Hakeem, Nimal Lanza, Mayantha Dissanayake, Chandima Weerakkody, Duminda Dissanayake, Dr. Major Pradeep Undugoda, Madhura Withanage were present at the Committee meeting held.

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Body of undergrad who went missing at Port City beach, found (Update)

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The body of the undergraduate who had gone missing at the Port City beach, has been found.

The body was found during a search by divers.


(Previous News on 27th June 2025 at 10.06 am)

Undergrad goes missing at Port City beach while snorkeling

A 24-year-old university student from Asgiriya, Gampaha, has gone missing yesterday morning (June 26) while swimming in the sea off the Colombo Port City beach.

According to the police, the student, a resident of Gampaha, was part of a group of students from the Universities of Colombo and Moratuwa who had visited the artificial beach and engaged in snorkelling.

The student failed to resurface, prompting a complaint to the Colombo Port Police.

Lifeguards later recovered the snorkeling gear believed to be belonging to the missing student.

A joint search operation involving Navy divers from the Colombo Port and Rangala Navy Division is currently underway. Further investigations are underway by the Colombo Port Police.

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Missing NPP members of Weligama PS, resurface (Update)

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The 2 NPP members of the Weligama Pradeshiya Sabha, who had gone missing earlier today (June 27), have been found at the Unawatuna beach in Galle.

According to police, they are unharmed.


(Previous News on 27th June 2025 at 12:15 pm)

2 NPP members at Weligama PS go missing (Video)

Tensions erupted at the Weligama Pradeshiya Sabha today (June 27) after 02 National Peoples’ Power (NPP) members were reportedly abducted.

The incident had occurred just before a scheduled vote to elect a new chairman.

The members, who were en route to attend the session, have reportedly gone missing, prompting the suspension of proceedings.

It has been proposed to proceed the council session if the missing members arrive.

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SL squad named for ODI series against Bangladesh

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The Sri Lanka Cricket Selection Committee has selected the following 16-member Sri Lanka squad to play in the upcoming ODI series vs. Bangladesh. 

The ODI series will be played on the 2nd, 5th, and 8th of July. 

The first two ODIs will be played at the RPICS, Colombo, before the series moves to the PICs, Pallekele, for the final game.

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