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No other active option for SL except IMF agreement

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President Ranil Wickremesinghe says the government has not taken a final decision on restructuring domestic debt.
Joining the three-day Parliamentary debate on the International Monetary Fund this morning, President Wickremesinghe said when the discussions with foreign debtors are initiated, Sri Lanka would have to take a decision on restructuring its domestic debts.

In a special statement delivered to Parliament today (26), President Ranil Wickremesinghe announced that Sri Lanka is on the path of renaissance and is re-emerging as a success story, with the expectation of support from the entire nation to carry it forward.

The President highlighted the progress made in the Sri Lankan economy, which had previously collapsed due to riots, arson, and state bankruptcy. In just eight months, the country has turned its fortunes around and is now known as the ‘Sri Lanka comeback story’.

The President also spoke about the International Monetary Fund agreement, which he presented to Parliament. He acknowledged that the country had failed to implement previous agreements with the International Monetary Fund, despite entering into 16 such agreements.

However, the President emphasized that there is no other active option for Sri Lanka but to sign an agreement with the International Monetary Fund at present.

President Ranil Wickremesinghe reassured the public that the restructuring of local debt would not harm members of the Employees’ Provident Fund.

Furthermore, he stated that a social safety net has been implemented to protect low-income people and create financial stability in the country.

With these measures in place, the President is optimistic about Sri Lanka’s future and urged the nation to work together towards a brighter future.

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Special traffic plan in Borella today

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Police have announced a special traffic plan that will be implemented in Borella today (July 07) due to an event marking the 50th Golden Jubilee celebration of the Priesthood of His Eminence Cardinal Malcolm Ranjith.

The event is expected to draw a large number of invited guests, including religious dignitaries, government officials, and members of the clergy.

To ease congestion, heavy vehicles will be restricted from entering the stretch between Kynsey Road junction and Nandadasa Kodagoda junction on Ward Place between 3.00 pm –  9.00 pm within the Borella Police Division.

Police have requested motorists to use alternate routes during this time.

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Veteran civil servant Bradman Weerakoon bids adieu

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Senior civil servant and distinguished public administrator Bradman Weerakoon has passed away at the age of 94.

Mr. Weerakoon was educated at Holy Cross College, Kalutara, and St. Thomas’ College, Gurutalawa, before entering the University of Peradeniya, where he graduated with honours in Economics and Sociology.

He later earned a Master’s Degree (MA) in Sociology from the University of Michigan, USA, on a Fulbright Scholarship.

He joined the Ceylon Civil Service in 1954 and served in various parts of the country before becoming secretary to the then Prime Minister – Sir John Kotelawala.

Over an extraordinary career, he went on to serve as Secretary to all elected Prime Ministers and Presidents until 2002, working under 07 Prime Ministers and 03 Presidents – an unparalleled contribution to Sri Lanka’s public administration.

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Train schedules on Northern line revised

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The Department of Railways has announced amendments to train schedules on the Northern Line in response to public requests.

Due to high demand, the Intercity Express train, which previously operated only on weekends, will now run daily between Mt. Lavinia and Kankesanthurai starting today (July 07).

In addition, the departure time of the “Yaal Devi” train plying daily from Colombo Fort to Kankesanthurai has been revised from 5.45 am to 6.40 am.

The Department has advised passengers who made advance seat reservations for the “Yaal Devi” train a month ago, to note the new departure time.

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