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Sri Lanka’s Reform Equation: Learning from Systems That Work

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Sri Lanka’s economic crossroads has never been clearer. After decades of cyclical reform attempts, the central challenge today is not a lack of vision but a lack of execution discipline. To reset credibility with investors and citizens alike, Sri Lanka must examine models that have successfully balanced growth, governance, and inclusion, as highlighted in Arj Samarakoon’s analysis on Sri Lanka Mirror.

Arj Samarakoon, reform advocate and Managing Director of Plus 94 Fund.

Samarakoon argues that Australia and the Philippines offer complementary lessons. Australia’s strength lies in institutional predictability, while the Philippines’ success is rooted in digital transparency and labour market adaptability. Both nations achieved stability not through grand reforms but through policy consistency and long term trust building between government, business, and the workforce.

These insights echo findings from the Asian Development Bank Reform for Recovery report, which stresses that sustainable reforms in the region are built on administrative efficiency and citizen centred digital systems. Australia’s long standing Better Regulation framework ensures every new rule is weighed against economic productivity. The Philippines, meanwhile, enacted the Ease of Doing Business Act of 2018 to digitise bureaucracy and reduce corruption, a transformation documented by the World Bank Business Enabling Environment initiative.

Dr Ngozi Okonjo Iweala, Director General of the World Trade Organization.

The case for governance credibility is not only regional but global. As Dr Ngozi Okonjo Iweala, Director General of the World Trade Organization, often notes, economic reform is not about austerity but about building systems that citizens can trust. Her experience in reforming Nigeria’s fiscal framework underlines the same principle that Samarakoon advocates for Sri Lanka. Transparent institutions are the real currency of development.

Okonjo Iweala’s emphasis on rule based governance has influenced the World Trade Organization approach to trade predictability, reminding policymakers that reliability, not rhetoric, determines competitiveness. Her perspective reinforces that Sri Lanka’s next growth phase will depend on policy clarity and consistent implementation rather than episodic reform drives.

True reform cannot be an annual announcement. It must become an administrative habit. Countries that have succeeded, from Vietnam’s iterative industrial reforms to Estonia’s radical electronic governance, share one attribute. Persistence.

Sri Lanka can adopt a similar path. By embedding reformers like Arj Samarakoon within public private dialogues and drawing evidence from global institutions such as the OECD Public Governance Review and the Asian Development Bank frameworks, policymakers can frame reform not as crisis management but as institutional design.

As Sri Lanka eyes its next decade, the real competitive advantage will not be cheap labour or tax holidays but trustworthy governance that global investors can rely on. This is the same foundation that lifted Australia, the Philippines, and other resilient economies toward long term stability.

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Yevan David set for historic Monaco FIA Formula 3 debut

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Young Sri Lankan driver Yevan David is set to make his Monaco debut this weekend as the FIA Formula 3 Championship resumes after its opening round in Melbourne.

Driving for AIX Racing, the 18-year-old enters the iconic street race after testing at the Red Bull Ring, simulator preparation, and time spent balancing his racing programme with A-Level examinations.

David, the first Sri Lankan to compete in FIA Formula 3, said Monaco is one of motorsport’s biggest challenges due to its narrow layout, limited overtaking opportunities and high track evolution.

“Confidence and precision are just as important as outright speed,” David said, adding that he had focused heavily on simulator work ahead of the weekend.

The Monaco round runs from June 4 to 7, with the Sprint Race on Saturday and Feature Race on Sunday, according to the FIA Formula 3 calendar.

David will also race with a special helmet tribute to Ayrton Senna, whose Monaco performances remain among the most famous in Formula 1 history.

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A New Global Marina Front Address for Sri Lanka Presented by Prime & Melwa

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Prime and Melwa have unveiled the Prime Marina Sales Suite at Port City Colombo, a first of its kind in the region and a new benchmark for how a landmark real estate address is presented to the world. it has designed for globally minded, internationally travelled, and long past the language of conventional real estate. Every space within it is intentional, every detail deliberates crafted to ensure that the moment a customer steps in, they understand, without a word of explanation, exactly what this address represents and why it stands apart. The grandeur of the Suite set the tone unlike anything Sri Lanka’s real estate has witnessed before. Distinguished guests, business leaders, and investors from across the island and beyond gathered to witness a presentation commanding in its scale, immaculate in its execution, and resolute in its singular ambition.

“The Prime Marina Sales Suite was conceived knowing that everyone who walks in will have seen the best of what international Real Estate have to offer. Our benchmark was not Sri Lanka. Our benchmark is the world.”

Sandamini Perera, Co-Chairperson, Prime Group

A highlight of the day was the compelling presentation delivered by Mr. Sanmith Tharunya, Director of Prime Group, who took guests beyond the architecture and amenities to reveal the extraordinary vision behind Prime Marina. Through a presentation that was both inspiring and thought-provoking, he invited the audience to see beyond a conventional real estate development and appreciate the emergence of a truly global waterfront destination.

At this Suite, stands Prime Marina: an address of genuine global standing, unveiled to the world with the weight it deserves. Positioned at the very heart of Port City Colombo, on the Marina precinct, Prime Marina occupies the precise point where the iconic waterfront bridge, the Indian Ocean, and the Marina itself converge, a location that announces itself before a word is spoken, and that no other available plot in this city can claim. Rising from that singular position are landmark towers featuring 1, 2, 3, and 4-bedroom apartments and exclusive penthouses, architecturally authored by P&T Singapore, a firm whose work defines the standard across the most rigorous real estate markets in world.

Furthermore, the iconic development engaging one of Singapore’s top tier interior design companies, Index Design Pte Ltd, globally acclaimed architectural firm, to curate an exceptional interior environment that reflects the highest benchmarks of international design, craftsmanship, and luxury living.

In addition, the landscape architecture is being entrusted to Grant Associates of the UK, an internationally acclaimed landscape architecture practice renowned for creating some of the world’s most iconic and sustainable environments. Their involvement further reinforces our commitment to delivering a development that meets the highest global standards in design and aesthetics

The building commands unobstructed water on two sides: the living energy of a world class marina on one, the quiet stillness of a natural creek on the other. Prime Marina’s buyers are not simply acquiring a residence. They are claiming a rare stake in the future of a world class city destined to redefine Region’s waterfront real estate landscape.

It is the combined strength of Prime and Melwa two strong conglomerate that have shaped Sri Lanka’s economy and real estate landscape across decades, which has made a project of this scale and distinction possible

As Port City Colombo takes its place on the world stage, Prime Marina stands at its very forefront, setting a new benchmark for marina-front living in South Asia and establishing a legacy that will endure for generations to come.

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Nilshani to represent Sri Lanka at UN conference

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Nilshani de Silva, one of Sri Lanka’s leading disability rights advocates, has been selected to represent the country at the 19th Conference of States Parties to the Convention on the Rights of Persons with Disabilities, to be held at the United Nations Headquarters.

Serving as Sri Lanka’s youth representative at this year’s conference, she has also been invited to address the assembly alongside international leaders, including the United Nations Secretary-General, during the opening session on 9 June.

Notably, Sri Lanka will hold the presidency of this year’s Conference of States Parties, which is regarded as one of the world’s foremost forums dedicated to advancing and protecting the rights of persons with disabilities.

Nilshani de Silva, who has Down syndrome, is widely recognised as an advocate for the rights of Sri Lanka’s disabled community. She is also known as a skilled counsellor, teacher and fashion designer.

Reports indicate that this international recognition has been awarded in appreciation of her efforts to challenge societal misconceptions and champion the rights of persons with disabilities.

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