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Malraj completes PhD in Economics on ‘Determinants of Tourism FDI’

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Malraj B. Kiriella, a multi-disciplinary professional, was awarded a Doctor of Philosophy (PhD) in Economics degree by the Colombo University.

Earlier, he completed his Bachelor’s and Master’s degrees in Economics at the same university and his LL.B at the Open University of Sri Lanka.

Dr. Kiriella is an Attorney-at-Law with professional qualifications in management, marketing, international relations, research, and tourism from leading Sri Lankan and international institutions. He has held senior positions in many professional organizations over a period of time.

He is an old boy of Ferguson High School (Primary) Boys Section in Ratnapura, D. S. Senanayake College, Colombo and S. Thomas’ College, Mt. Lavina. He has worked in the public and private sectors and served as Director-General of the Sri Lanka Tourism Development Authority from 2015 to 2018.

The aim of his PhD research was to identify the determinants of foreign direct investment (FDI) inflows to tourism sector in Sri Lanka since the post-war period, the development of tourism as a key economic driver, targeting high tourist inflows and revenue to the country.

In order to cater to more tourists and achieve the aims, the country needed additional tourist services and facilities. FDI has been identified to fill the investment gap as domestic investment is inadequate. In addition, tourism FDI brings advantages to the country such as brand image, marketing and promotion, training, new technologies, centralized reservation and sales, etc.

There have been very few large international investments in tourist hotel projects. In addition to the accommodation sector, the absence of FDI is demanded in a number of tourism sub-sectors namely, restaurants, transport, training, recreation and entertainment etc. FDI inflows to Sri Lanka increased after the war, but remained relatively low and below the targeted level. The research, therefore, examined the determinants of both demand and supply factors affecting the inflow of FDI to the country’s tourism sector.



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Sun directly overhead Mannar, Periyamadu, Puliyankulam, Welioya and Pulmoddai about 12.11 noon today (30)

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The sun is going to be directly over the latitudes of Sri Lanka from  28th of August to 07th of September due to its apparent southward relative motion.

The nearest places of Sri Lanka over which the sun is overhead today (30) are Mannar, Periyamadu, Puliyankulam, Welioya and
Pulmoddai about 12.11 noon.

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Lanka tracks 11 US-sanctioned Iranian tankers off coast

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(AFP) Sri Lanka’s maritime authorities were monitoring a fleet of 11 US-sanctioned Iranian oil tankers just off the island’s southern coast, the foreign minister said Wednesday.

The tankers were spotted close to the Galle harbour where an Iranian frigate, IRIS Dena, was sunk by a US submarine in March, killing 104 sailors. Sri Lanka’s navy rescued 32 Iranian sailors from that frigate.

Iranian vessels have been in limbo, unable to return to their home port because of a US blockade.

Sri Lanka’s Foreign minister Vijitha Herath said the tankers were in international waters where they had freedom of navigation.

“These ships are away from our territorial waters… we have no hold on them, nor have we facilitated them,” Herath told AFP.

The military deployed reconnaissance aircraft and patrol boats to monitor the vessels outside Sri Lanka’s 12-nautical-mile territorial waters, a military official told AFP on condition of anonymity.

“There is no indication of any ship-to-ship transfer of oil or illegal discharge of pollutants, so there is no basis for Sri Lankan authorities to take action against them,” the official said.

Many Iranian merchant vessels moved east towards the Strait of Malacca and Singapore due to US sanctions, while several remained near Sri Lankan waters, authorities said.

Sri Lankan officials said Washington had not formally notified Colombo about sanctioned Iranian-flagged vessels

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House to debate abolition of Chief of Defence Staff post

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Parliament is to debate next Wednesday the Government’s proposal to abolish the post of Chief of Defence Staff (CDS), with the Second Reading of the Chief of Defence Staff (Repeal) Bill scheduled for September 9.

The Bill seeks to repeal the Chief of Defence Staff Act No. 35 of 2009, which was introduced shortly after the end of the armed conflict.

According to Secretary General of Parliament Kushani Rohanadeera, Parliament will meet from September 8 to 11, with the business for the week approved by the Committee on Parliamentary Business chaired by Speaker Dr. Jagath Wickramaratne.

The debate on the Chief of Defence Staff (Repeal) Bill is scheduled to take place from 11.30 a.m. to 5 p.m. on Wednesday, following questions to the Prime Minister and other parliamentary business.

The CDS post was established under the 2009 Act as part of the country’s higher defence command structure.

On Tuesday, September 8, the House will consider two Orders published in Extraordinary Gazettes under the Motor Traffic Act from 11.30 a.m. to 5 p.m., followed by an Opposition motion at the adjournment.

On Thursday, September 10, Parliament will debate a Resolution under the Women’s Empowerment Act.

The final sitting day of the week, Friday, September 11, has been allocated from 11.30 a.m. to 5.30 p.m. for several Private Members’ Motions.

The motions will cover issues including regulation of the petroleum, fuel and water industries, measures to increase the birth rate, protection of the Diyagama Forest, pension deductions affecting Pirivena teachers, food-crop cultivation in mountainous areas, development of the Kithul industry and the establishment of a Faculty of Medicine at South Eastern University.

Questions at the adjournment will be taken up at the end of each sitting day.

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