News
Economy Next’s Bellwether piece among SOPA award finalists
An opinion piece on the island nation’s sovereign default by Bellwether published in Sri Lanka’s Economy Next news website is among the finalists for the prestigious Society of Publishers in Asia (SOPA) award under Excellence in Opinion Writing.
Economy Next’s opinion piece titled ‘Sri Lanka’s collapse in new sovereign default wave is not really China’s fault’ by Bellwether published in May 2023 has been finalized for the award under the Regional/Local category.
The article discusses sovereign debt defaults and blames US monetary policy for creating conditions that make them more likely.
It argues that easy money policies by the Federal Reserve (Fed), followed by tightening, contribute to sovereign debt crises, and offers a critical perspective on the international monetary system.
This is the first time the news website has been finalized for such an international award.From Sri Lanka, Economy Next is the sole media outlet that has been among the finalists for the 2024 awards.
The winners will be announced at the June 20 hybrid awards ceremony.
SOPA’s annual Awards for Editorial Excellence are given to recognize and reward great journalism. The annual awards are highly coveted and have become a highlight of the regional media calendar.
SOPA’s Editorial Committee, composed of senior journalists, oversees the awards in coordination with SOPA’s board of publisher representatives.
The Journalism and Media Studies Centre at The University of Hong Kong, known as JMSC, has administered the awards since 2011, recruiting distinguished former or current journalists and academics from around the world to be judges.
More than 90 SOPA awards are given out each year in an array of categories, which are periodically reviewed to keep pace with the ever-evolving ways that journalism is delivered to consumers.
PIC SAVED AS SOPA PICTURE
News
PM on inspection tour of newly renovated Colombo Central Bus Stand
The Colombo Central Bus Stand, which has a history of over six decades and had remained without a proper maintenance for many years, has now been renovated under the current government’s development programme and vested to the public. Following that, the Prime Minister undertook an inspection tour of the newly renovated Colombo Central Bus Stand.
Originally constructed in 1964, the bus stand was refurbished with modern facilities to meet current needs and was officially reopened to the public on April 8. The primary objective of this initiative is to provide passengers with a higher-quality and more comfortable transportation service.
During the renovation process, special attention has been given to the comfort and safety of women, which was commended by the Prime Minister. In particular, a modern rest area designed to ensure privacy for nursing mothers travelling from distant areas received special praise.
The Prime Minister also reviewed the newly introduced passenger seat reservation system and information services established to assist commuters. In addition, the modern surveillance unit and other security measures installed within the premises to ensure passenger safety were also inspected.
During the visit, the Prime Minister engaged in conversations with passengers at the bus stand and inquired about their views on the newly renovated facilities and the quality of transport services.
It was emphasized that the government’s objective is to transform public transportation into a safe, technologically advanced service that can be used with convenience by all citizens.

(Prime Minister’s Media Division)
Latest News
Sun directly overhead Nagawilluwa, Galgamuwa, Sigiriya, Palugasdamana and Mankerni about 12:11 noon today (10)
On the apparent northward relative motion of the sun, it is going to be directly over the latitudes of Sri Lanka from the 05th to 15th of April in this year.
The nearest areas of Sri Lanka over which the sun is overhead today (10th) are Nagawilluwa, Galgamuwa, Sigiriya, Palugasdamana and Mankerni about 12:11 noon.
News
Opposition tells Minister Kumara Jayakody to resign
No-faith motion to be taken up today
Former Foreign Minister Prof. G. L. Peiris yesterday (9) said that President Anura Kumara Dissanayake should remove Energy Minister Kumara Jayakody unless the minister stepped down on his own.Prof. Peiris, addressing a press conference called by the Opposition, said that Jayakody couldn’t under any circumstance continue to serve as a minister after the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) moved the Colombo High Court against the government member over a previous financial scandal.
Pointing out that Minister Jayakody had been indicted of a corrupt deal struck during the yahapalana regime, Prof. Peiris said it was wrong for the NPP to retain him as a minister, claiming that the offence was not committed during his tenure as a Cabinet minister in the current government.
Prof. Peiris and several other Opposition members dealt with the No-Confidence Motion (NCM) against Jayakody that would be taken up today (10) with the academic calling the vote an acid test for the NPP. Having campaigned on an anti-corruption platform at presidential and parliamentary polls, the NPP couldn’t protect Jayakody though he was widely believed to be close to President Dissanayake.
As the Manager of the Procurement and Import Division of the Ceylon Fertilizer Company, Jayakody is alleged to have committed the offence of corruption, according to CIABOC.
Jayakody has been accused of causing a loss of Rs. 8,859,708 to the State by influencing and exploiting the procurement process.
Following the serving of indictments on 27 March, the judge ordered Jayakody’s release on two personal bail bonds of Rs. 1 million each. The court directed that the defendant’s fingerprints be obtained and a formal report be submitted. The case has been scheduled for a pre-trial conference on 6 May.
Prof. Peiris stressed that the CIABOC action against Jayakody is central to the NCM primarily moved over the irregularities ridden coal procurement process launched in 2025 that caused severe disruption to the power generation. Responding to The Island query after the media briefing, Prof Peiris expressed surprise that the JVP/NPP accommodated a person under investigation by the CIABOC. Having taken an utterly irresponsible decision, the JVP/NPP were now playing down the developing issue, prof. Peiris said.
The entire government parliamentary group faced the prospect of having its image tarnished by defending Jayakody, the former lawmaker said.
Prof. Peiris said that they intended to build a campaign around the issues involving the energy minister to expose the government. With yet another electricity tariff hike in the offing due to the growing demand for thermal generation as a result of coal-fired Lakvijaya power plant’s failure to meet the requirement[RA1] , the energy minister and ministry’s performances have to be examined, Prof. Peiris said.The timely release of the Auditor General’s report on controversial coal procurement should compel the government to decide on the energy minister’s fate or be prepared to face the fallout.
By Shamindra Ferdinando
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