Connect with us

News

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

Published

on

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.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Appointment of GM led to CEB chief’s resignation?

Published

on

By Ifham Nizam

Amidst further deterioration of the power crisis, the Chairman of the Ceylon Electricity Board (CEB) M.M.C. Ferdinando has tendered his resignation to President Gotabaya Rajapaksa.

In a letter to the President, the Attorney-at-Law said that he is quitting due to personal reasons. Ferdinando will resign as Chairman/Member of the Electricity Board with effect from Feb. 1.

Sources close to Ferdinando said that the incumbent CEB Chairman did not want to be in that position following the appointment of Eng. Dr. D.C.R. Abeysekera as CEB General Manager. Abeysekera received his letter of appointment from Ferdinando on Tuesday (25).

Abeysekera received the appointment at the expense of Dr. Susantha Perera, whose designation as the GM on a temporary basis was resisted by the engineers’ union as he is a retiree.

Retired public servant Ferdinando was brought in as the CEB Chairman on July 19, last year soon after Sri Lanka entered into what was called a framework agreement with the US energy firm, New Fortress Energy. The agreement now challenged in the Supreme Court was finalised on 17 Sept, last year with Ferdinando endorsing it as an Advisor to the Finance Ministry.

Continue Reading

News

UK indicates sanctions against Lanka military

Published

on

By Shamindra Ferdinnado

Close on the heels of UK Foreign Minister Lord Tariq Ahmad’s three-day visit here, the House of Commons has been told that measures were being contemplated as regards the Sri Lankan military.

Foreign, Commonwealth and Development Office (FCDO) Minister Amanda Milling has told Parliament that the government regularly engaged with the US and other partners on issues relating to Sri Lanka. She has further said: “The UK government keeps all evidence and potential designations under the UK Global Human Rights sanctions regime under close review, guided by the objectives of the sanctions regime. We would not normally speculate about future sanctions targets, as to do so could reduce their impact.”

The Conservative Party member was responding to Labour Party’s Siobhain McDonagh on Tuesday (25). MP Milling was responding to a query McDonagh posed to the Secretary of State for Foreign, Commonwealth and Development Affairs Elizabeth Truss, what assessment she has made of the implications for her policies of the sanctions imposed by the US on General Shavendra Silva of the Sri Lankan army.

The US in Feb 2020 imposed a travel ban on General Silva, who is also the Chief of Defence Staff (CDS). Recently, the US extended its action against the Sri Lankan military by issuing travel ban on retired Maj. Gen. Udaya Perera.

The UK based Global Tamil Forum (GTF) has commended the British stand.

Concerned Lankan military sources said that the UK in its capacity as the leader of Sri Lanka Core Group at the Geneva-based Human Rights Council (UNHRC) was planning further measures ahead of the next human rights sessions.

UK based sources told The Island that that type of written parliamentary question was usually answered by a government minister from the FCDO.

Sources explained as this particular question dealt with Sri Lanka, the minister responsible was Lord Tariq Ahmad, but as he represented the House of Lords he couldn’t make statements in the Commons chamber.

Sources added that it would be rare that a question on Sri Lanka would be directly responded to by the Foreign Secretary Truss

Commons member Amanda Milling is Minister of State for Asia, therefore her portfolio closely matches Tariq Ahmad’s brief.

Incidentally, the FCDO now has a British Tamil in a senior position. Maya Sivagnanam is South Asia Deputy Director for the Indian Ocean Region at the FCDO.

Continue Reading

News

JCPSM token strike cripples hospitals in Western Province

Published

on

Strikers want Health Ministry to solve their problems within 10 days

By Rathindra Kuruwita

The Joint Council of Professions Supplementary to Medicine (JCPSM) launched a 24-hour token strike yesterday (26) at 7 am at all hospitals in the Western Province. It consists of 16 unions.

The JCPSM has urged the government to address its members’s grievances including salary anomalies and issues related promotions. The strike had crippled hospitals in the province, Health Ministry sources said.

The JCPSM said emergency care, essential services and the treatment of COVID patients had not been affected by the strike.

President of the Government Nurses’ Association and former UNP National List MP Saman Rathnapriya said they had been urging the government to solve their problems for the past two months.

The College of Medical Laboratory Science (CMLS) President, Ravi Kumudesh told The Island that they would end the token strike by 7 am today m(27) and thereafter give the government 10 days to address their demands.

“We will launch a continuous strike if the demands are not met within 10 days,” he said.

President of the Government Medical Officers’ Forum (GMOF) Dr. Rukshan Bellana said that most unions seemed to have lost the ability to solve disputes through negotiations.

“The unions have become too politicised, and the people are suffering as a result.”

Continue Reading

Trending