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Economy Next’s Bellwether piece among SOPA award finalists

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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



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Secretary to the President meets with heads of the Health sector

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A special discussion between Secretary to the President Dr. Nandika Sanath Kumanayake and the heads of the health sector was held on Tuesday (18) at the Presidential Secretariat.

During the meeting, it was discussed that a committee would be formed to explore possible steps that could be taken through the President’s Fund to reduce the number of patients on long waiting lists for surgeries in government hospitals.

The committee is expected to submit a report on the matter within one month. Based on the findings, appropriate actions will be taken, as indicated by the Secretary to the President.

The discussion highlighted the significant number of patients, including those requiring cardiac, ophthalmic, and paediatric surgeries, who are currently awaiting procedures on long waiting lists at government hospitals.

Attention was also given to the potential support that could be provided by the President’s Fund and other relevant sectors to address the challenges faced by these patients.

Additionally, discussions were held regarding the possibility of conducting surgeries after regular working hours at government hospitals. The challenges faced by doctors and staff were also thoroughly discussed during the meeting.

The discussion was attended by several key officials, including Deputy Minister of Health and Mass Media Dr. Hansaka Wijemuni, Secretary to the Ministry of Health and Media Dr. Anil Jasinghe, Additional Secretary (Public Health Services) Dr. Lakshmi Somathunga, Director General of Health Services Dr. Asela Gunawardena, Senior Additional Secretary to the President Roshan Gamage, along with directors and specialist doctors from major hospitals across the country.

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Govt. plan to boost revenue with taxes on vehicle imports unrealistic, warns Harsha

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Dr. de Silva

By Saman Indrajith

SJB Colombo District MP Dr. Harsha de Silva told Parliament yesterday that vehicle imports would be affected by unusually high prices. Commencing the Second Reading debate from the Opposition side, Dr. de Silva said that President Anura Kumara Dissanayake had, in his Budget speech, projected a substantial portion of tax revenue from vehicle imports. “What is the feasibility of such expectations, given the current price surge,” the MP queried.

“Who can afford to import vehicles at these rates? I do not believe there are enough affluent individuals in Sri Lanka to sustain vehicle imports at these exorbitant prices.”

Providing examples of the dramatic price increase, Dr. de Silva pointed out that a Toyota Raize now cost Rs. 12.2 mn, a Toyota Yaris Rs. 18.5 mn, and a Toyota Prius a staggering Rs. 28.9 mn.

“Someone mentioned that a Toyota Vitz could be available at Rs. 1.4 mn.”

Dr. de Silva said that the government aimed to increase tax revenue by 1.6% of GDP with a significant portion expected from vehicle imports. However, he warned that achieving that target was unrealistic under current circumstances. The government must reassess its reliance on this sector for increasing tax revenue,” he said.

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SLN receives shallow water multi-beam echo sounder from Australia

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From left : Defence Advisor to the Australian High Commission in Colombo, Colonel Amanda Johnston, Australian HC in Colombo Paul Stephens, Commander of the Navy, Vice Admiral Kanchana Banagoda and Chief Hydrographer of SLNHS and Commander Southern Naval Area, Rear Admiral Kosala Warnakulasooriya

Giving a significant boost to Sri Lanka’s hydrographic capabilities, the government of Australia handed over a state-of-the-art Shallow Water Multi-Beam Echo Sounder to the Sri Lanka Navy Hydrographic Service (SLNHS) during a ceremony held at SLNS Rangalla today (18 Feb 25). The formal ceremony was held under the auspices of the High Commissioner of Australia to Sri Lanka, Paul Stephens and the Commander of the Navy, Vice Admiral Kanchana Banagoda, marking new chapter in the discipline of hydrography.

The Australian government provided the Sri Lanka Navy with this Multi Beam Echo Sounder to enhance its hydrographic capabilities. This advanced equipment will enable the Sri Lanka Navy Hydrographic Service (SLNHS) to conduct precise hydrographic surveys, essential for creating nautical and electronic charts for international use. The device will also facilitate the production of high-precision nautical charts, ensuring safer maritime navigation.

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