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CoPF to meet today again domestic debt restructuring!

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The Committee on Public Finance (CoPF) is scheduled to meet today (30) as well to take a decision on the domestic debt restructuring plan.

CoPF Chair MP Harsha De Silva said the committee which met yesterday consulted and obtained views and opinions from several shareholders.

“Productive discussions were held with creditors including banks and insurance funds, who expressed relief over the proposed Domestic Debt Optimisation (DDO) plan. The exclusion of banks allows them to aggressively participate in the market, supporting businesses, especially the hard-hit MSME sector,” he said in a tweet.

In a series of tweets, he said that the impact on the Employee Provident Fund (EPF) will be widely discussed today.

“We meet to reach a consensus and proceed to a debate in Parliament. We will also brief non-CoPF members for better understanding and fruitful debates this weekend,” he said.

The domestic debt restructuring plan is scheduled to be debated in Parliament tomorrow. The Samagi Jana Balawegaya (SJB) parliamentary group that met yesterday (29) has already decided to vote against it, SJB General Secretary MP Ranjith Madduma Bandara said.

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Term tests for Western province suspended

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The term tests for grade 10 and 11 in the Western province schools has been postponed after some of the question papers were shared on social media ahead of the examination.

A senior official said that the decision had been taken after complaints that several question papers had been leaked out before the examinations.

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Russian Naval Ship Varyag Visits Colombo

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The Russian Naval Ship Varyag has arrived at the port of Colombo on a formal visit. 

This 187m long Missile Cruiser, manned by a crew of 529, is led by Flag Officer Captain 1st Rank Velichko Anatoly Vasicievich, with Captain 2nd Rank Glushakov Roman Nikolaevich serving as the Commanding Officer.

During their stay in Sri Lanka, the ship’s crew is expected to participate in various programs organized by the Sri Lanka Navy, fostering camaraderie and exploring tourist attractions in the country. 

The official visit will conclude, and Varyag is set to depart from the island tomorrow.

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SL over 60s cricket team ranked 4th in the world

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The Sri Lanka Over-60s cricket team, led by Garry Gunasekara, achieved a commendable 4th place in the recently concluded Over-60s Cricket World Cup in Chennai. 

Twelve teams, including all major cricketing nations except Pakistan and Bangladesh, participated in the tournament.

In the group league stages, Sri Lanka secured victories against India, Wales, and the Rest of the World. 

They also tied with the West Indies and suffered their only defeat to Australia, finishing 2nd in the group. 

Sri Lanka faced England in the first semi-final, resulting in a loss, while New Zealand lost to Australia in the second semi-final. Australia went on to convincingly win the final against England.

In the third-place match, Sri Lanka faced New Zealand and narrowly lost by 20 runs, ultimately securing the 4th position in the Over-60s Cricket World Cup.

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