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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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Navy divers retrieve 148 from watery graves within a year

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The Diving and Salvage Unit of the Sri Lanka Navy often renders its assistance to search for persons who go missing in water bodies and recover the bodies of drowned persons. In the past year (from 22nd May 2022 to 22nd May 2023) the Sri Lanka Navy has recovered 148 corpses from watery graves.

Suicide attempts, misfortunes during fishing, bathing in water bodies under the influence of liquor, engaging in waterborne sports without swimming skill, bathing in unknown water bodies and stepping into crocodile-infested waters have been identified as some of the main reasons for the deaths.

Among the 148 corpses recovered by the Navy in the past year, there were 19 incidents of suicide, 18 cases of misfortune during fishing, and 111 incidents due to the carelessness of people.

By being cautious during daily tasks and fishing activities, it is possible to reduce the number of deaths caused by drowning in water bodies. Thus, the Sri Lanka Navy is urging the general public to be mindful and take necessary precautions in order to decrease the occurrence of drowning incidents.

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Establishment of the Truth and Reconciliation Commission

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The Cabinet of Ministers approved the combined proposal presented by the Minister of Justice, Prison Affairs and Constitutional Reforms and the Minister of Foreign Affairs for the establishment of the Truth and Reconciliation Mechanism in Sri Lanka taking into account the work of the Truth and Reconciliation Commission in South Africa.

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Draft report on the inquiry into the destruction of North-Eastern archaeological sites and interference with conservation activities handed over to the Prime Minister

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The Union of Organizations for the Protection of National Heritage handed over the draft of the investigation commission report on the inquiry into destruction of northern and eastern archaeological sites and interference with conservation activities to Prime Minister Dinesh Gunawardena  recently.

Ven Dr Maduruoye Dhammissara Thero, Dr. Gunadasa Amarasekara, Senior Advocate Kalyananda Thiranagama and others participated in this event on behalf of the Union of Organizations for the Protection of National Heritage.

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