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Opposition to vote against debt restructuring plan

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By Saman Indrajith

Most opposition political parties yesterday vowed to defeat the government’s proposed debt restructuring plan when Parliament convenes today at 9.30 a.m.Secretary General of the Parliament, Kushani Rohanadeera said she informed all Members about the meeting, according to the instructions of Speaker Mahinda Yapa Abeywardena. The Speaker has also issued a Gazette Extraordinary on 27 June announcing the meeting, in accordance with the Standing Orders No. 16 of the House, she said.

Opposition leader, Sajith Premadasa said that the government’s agreement with the IMF was a bad one and that President Ranil Wickremesinghe had demonstrated that he did not have the required acumen to deal with international organisations.

“The government has lied about the domestic debt restructuring from the beginning. Initially, it said there would be no such thing. Then, it said the pension funds would not be adversely affected. How can we have any trust in the government’s domestic debt restructuring proposals?”

SJB MP Nalin Bandara said his party had decided to vote against the government’s proposal because it did not agree with the manner in which the government handled negotiations with the IMF.

“We don’t agree with the proposals for domestic debt restructuring. We will join hands with other parties to defeat it,” he said.

Tamil National Alliance (TNA) MP Shanakiyan Rasamanickam also accused the domestic debt restructuring as a plot to misuse EPF and ETF pension funds. 2.5 million private sector workers depended on those pension funds, he said.

“One third of the real value of pension funds has been lost due to inflation. Now, debt restructuring will affect the pension funds more. All 225 MPs must take the side of the people in Parliament today,” he said.

Meanwhile, TNA MP M.A. Sumanthiran told journalists on Thursday night that the party was not happy with the domestic debt restructuring proposals as they would have a detrimental impact on the EPF and ETF.

“The government said it won’t touch these pension funds. It has lied to us. We can’t support such a proposal,” he said.The JVP has also said it would vote against the government’s plan.



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Former first lady Shiranthi Rajapaksa arrested by CIABOC

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Former first lady Shiranthi Rajapaksa, wife of former President Mahinda Rajapaksa was  produced before the Hulftsdorp court, after  being  arrested by officers of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) and produce

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U.S. Navy ship USS Tulsa arrives in Colombo for replenishment visit

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The U.S. Navy ship USS Tulsa (LCS 16) arrived at the Port of Colombo this morning, 7 October 2026 for replenishment purposes.

The visiting ship was welcomed by the Sri Lanka Navy in accordance with naval traditions.

The 127.7-metre-long platform is a Littoral Combat Ship commanded by Commander BM Wanier. Commissioned on 16 February 2019, USS Tulsa has since been in service with the US Navy.

The ship previously made a port call in Sri Lanka on 27 August 2025.

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Fuel crunch looms

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Govt. tells fuel distributors to maintain stocks to ensure uninterrupted supplies

by Saman Indrajith and Norman Palihawadane

The government had instructed private fuel distributors to maintain minimum stocks and ensure uninterrupted supplies to the market, Energy Minister Anura Karunathilaka told Parliament yesterday (06).

Karunathilaka said the Ministry of Energy Secretary had notified the relevant companies of the requirement, following a reduction in supplies by some private distributors, amid higher international fuel prices.

The Minister said private companies had informed the government that they were facing losses because international prices had risen while fuel was being sold, locally, at prevailing prices. As a result, some companies had reduced the volumes released to the market.

The reduced supplies had increased the burden on the Ceylon Petroleum Corporation (CPC), whose share of the diesel market had risen from about 54% to 82%, the Minister said.

“The CPC currently holds an 82% share of the market,” he said, adding that it had increased its supplies, compared with February, to compensate for the reduction by private distributors.

Karunathilaka said the government could not, under the existing agreements with private companies, specify the quantities they should supply to individual filling stations. However, it could require them to maintain minimum stocks in the country.

The Minister said the Energy Ministry had already instructed companies that had failed to maintain the required stocks to take steps to prevent supply disruptions.

The Minister attributed the queues reported at some filling stations to reduced supplies from private distributors, as well as normal variations in fuel distribution. He also said demand for CPC fuel had increased because private companies generally did not provide fuel to dealers on credit, while the CPC offered a three-day credit facility.

“We expect that, as the Ceylon Petroleum Corporation takes on this additional burden, the problem will ease to some extent by Wednesday or Thursday,” Karunathilaka said.

He said instructions had also been issued to increase supplies to CPC filling stations. A special discussion on the issue is scheduled for today (07), with officials of the Energy Ministry and CPC expected to participate,

along with President Anura Kumara Dissanayake.

Meanwhile, Petroleum Dealers’ Association officials have called for an early solution to the supply issue. Association Chairman D.V. Shantha Silva said queues had been reported at many filling stations, mainly those operated by private distributors.

He said the situation was not due to an overall shortage of fuel, but was linked to reduced orders by Lanka IOC, Sinopec and R.M. Parks amid concerns over losses incurred on fuel sales.

The Ceylon Petroleum Private Tanker Owners Association has urged motorists to refrain from panic buying, saying there was no nationwide disruption to fuel supplies.

The government earlier increased fuel prices and introduced a per-litre diesel subsidy following concerns raised by distributors over rising international prices.

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