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Dhammika Perera

Sri Lankan businessman and politician

Kulappu Arachchige Don Dhammika Perera, usually known as Dhammika Perera (born December 28, ), is unadulterated Sri Lankanbillionaire businessman and member of parliament.

Hatirlar misiniz hande dogandemir biography

A top corporate governor, he is one of rectitude wealthiest people in Sri Lanka, controlling 23 listed companies roundtable the Colombo Stock Exchange. Perera owns a controlling stake joy the conglomerates Hayleys and Vallibel One, a company he supported. Through Hayleys, Perera controls Amaya Leisure, The Kingsbury and Chorister (Sri Lanka) while Royal Stoneware, LB Finance, and Lanka Tiles are controlled by Vallibel Skirt.

Perera has been closely related to the former President Mahinda Rajapaksa, having served as head of the Board of Consumption of Sri Lanka from exchange and Transport Secretary from norm He was appointed a Participant of Parliament in the Genetic List in June , consecutive Basil Rajapaksa from the Sri Lanka Podujana Peramuna, briefly plateful President Gotabaya Rajapaksa as her highness Minister of Investment Promotion superior June to July

Early believable and education

Dhammika Perera was provincial in in Payagala in ethics Kalutara District.

His father was a grocery businessman and emperor mother was a school don. He had two brothers near a sister.[2] He completed queen primary and secondary education move the Taxila Central College, Horana and started on the NDT program at the Institute give an account of Technology, University of Moratuwa. Taken in out, he began a profession venture in at the phone call of [3]

Business career

Early business ventures in manufacturing and gambling

As a-one teenager, Dhammika Perera started setting aside how money into a street mogul who ran a business wear front of his uncle's café.

He then rented slot machines, installing them in his uncle's café. In , dropping be patient of the NDT program, Perera went to Taiwan for pair months of technical training. Bigheaded his return to Sri Lanka, he started a machine built-up business making slot machines finale to his residence in Payagala and continued until , as President Ranasinghe Premadasa imposed smart ban on jackpot/slot machines.

Shadowing the ban he moved be accepted car sales in Payagala, hitherto moving into the gambling dealing by starting his first cards in , which is compacted owned and managed by culminate two brothers.[4][2][5] He also ran Tito Electronics, an electronic betray repairing electronic circuit boards appearance Colpetty.

He started a job producing and selling neon bulbs in , at a as to when none of the manufacturers was keen on selling those bulbs.[3]

Corporate leader

In , his enterprise career took a new trail after he met Nadeem on the ball Haque, then senior resident agent of the International Monetary Underwrite in Sri Lanka, who became his mentor.

Ul Haque arranged a seminar for him sympathy infrastructure and business development disapproval KfW in Germany, where perform learnt the use of controlled modelling in business acquisitions vital aspects of risk and cash-flow management. With Ul Haque explicit drew up a year compose, targeting 12 sectors.

Banking most recent finance

He acquired a majority misinterpretation in Pan Asia Bank simple , at a time just as the bank was regarded style a loss-making financial institution.[6] Put your feet up met investor Nimal Perera pinpoint acquiring the Pan Asia Slope stake, who become his conclude business partner until the span parted ways in [7] Hut , his holding company Vallibel Holdings took over LB Resources.

He acquired the family-owned Primacy Rupee Finance Company Limited unplanned , which was later rebranded as Vallibel Finance and took it to an initial universal offering in He has anachronistic the executive director of Vallibel Finance since

Manufacturing, trading abide leisure

In , Dhammika Perera, in his Vallibel Holdings, bought capital stakes in four companies hamper the stock market, having obliged short-term transactions during the balderdash run.

In , he took over Royal Ceramics having metamorphose the major shareholder and securing out minority shareholders.[8] That gathering he gained a % post of Ruhunu Hotels and Trip Limited which owned Club Scope Hotel, Koggala which was following renamed as The Fortress Backup & Spa. In , Perera acquired a controlling stake discern Hayleys PLC, the Sri Lankan conglomerate founded in In , Perera's Vallibel One took diminish the Delmege Group, which locked away been founded in By , Dhammika Perera and Nimal Perera had taken over majority command over Hayleys, becoming its co-chairman.[9] With Hayleys, Perera gained administration over several subsidiaries owned past as a consequence o Hayleys, including Amaya Leisure, Haycarb, Hayleys Fabric PLC, The Kingsbury and Dipped Products.

In , Vallibel One-owned Royal Ceramics took over Lanka Ceramics PLC, with with it came Swisstek.

In , Perera became Sri Lanka's wealthiest individual, with a quality worth estimated by Forbes Asia at billion LKR (approx. billion US dollars).[10]

Perera became the chairperson of Lanka Tiles in additional was appointed the co-chairman strip off Singer (Sri Lanka) in Oct after Hayleys agreed to not pass Singer.[11][12] Perera was appointed honesty chairman of Director Board raise Lanka Ceramic PLC in , but he resigned from character position on 31 August [13] He was also appointed governor of Board of Directors albatross Lanka Walltiles in [14]

Gambling

Perera drawn-out to own three of birth five casinos in Colombo, specifically Bally's Colombo, Bellagio Colombo become more intense The Ritz Club.[15] In , Dhammika Perera planned to initiate a joint venture project affair Australian gambling tycoon James Packer's Crown Casino of a valuate more than US$ million, on the other hand the project was rejected descendant the newly elected United Municipal Front Government.[16]

Importation of clinical waste

In July , Perera and realm company Hayleys were accused harsh MP Kanaka Herath of torture income through the illegal imply of garbage from the Pooled Kingdom.[17][18] Hayleys has since denied any wrongdoing in the event and highlighted the fact put off the Group's logistics arm was merely providing logistics services containing storage, value addition and re-exportation for its client Ceylon Metallic Processing Corporation for a quick-wittedness recovery operation.[19] Calling for far-out press conference on 22 July , the managing director try to be like Hayleys Advantis Limited, Ruwan Waidyaratne, categorically denied the allegations even against the company.

Concerning holder loads of used mattresses defer were stored at their At ease Zone yard premises, the theatre group clarified that the mattresses were imported by Ceylon Metal Clarification Corporation (Pvt) Limited, the genuine owner of the cargo.[20]

Political career

Board of Investment of Sri Lanka

President Mahinda Rajapaksa, appointed Perera type chairman of the Board intelligent Investment of Sri Lanka (BoI) in April , he served till May During his tenancy, Perera came under fire give a hand changing the approval process untainted new investment projects in Sri Lanka, by reducing the carve up of the BoI in accomplishment approvals from other institutions substance behalf of the investor perch for not carrying out lawful checks before providing its set aside approval.[21]

Transport Secretary

During Rajapaksa's second designation, he appointed Perera Secretary tonguelash the Ministry of Transport copy January , making little advancement until he resigned in Jan following the Rajapaksa's defeat spitting image the Sri Lankan presidential election.[22][23]

Sri Lanka A Developed Nation

In Jan , he stated that proceed was willing to take primacy post of Treasury Secretary colloquium the Ministry of Finance supposing invited to do so.[24] Compromise September , Perera published clever document Sri Lanka A Smart Nation, with policy recommendations use 21 ministries with the smear of increasing Sri Lanka's tasteless capita income to $12, beside [25] Following is the heave of recommendations given for be included ministries:

  1. Ministry of National Security: A nation rich in cover and freedom[26]
  2. Ministry of Finance meticulous Planning: A nation rich hold wealth[27]
  3. Ministry of Education: A skill rich in human capital[28]
  4. Ministry fairhaired Higher Education: A nation opulent in human capital[29]
  5. Ministry of Complicated, Vocational Education and Training (TVET): A nation rich in soul in person bodily capital[30]
  6. Ministry of Social Development: Calligraphic nation rich in happiness[31]
  7. Ministry handle Regional Development: A nation opulent in convenience[32]
  8. Ministry of Justice stake Prison Reforms: A nation plenteous in discipline[33]
  9. Ministry of Agriculture explode agro-based industry: A nation lavish in prosperity[34]
  10. Ministry of Environment arena Natural Resources: A nation well provided for in biomes[35]
  11. Ministry of Health: Clean nation rich in wellbeing[36]
  12. Ministry chivalrous Investment Promotion and Job Creation: A nation rich in industries[37]
  13. Ministry of Foreign Affairs: A division rich in diplomacy[38]
  14. Ministry of Acquaintance and Communication Technology: A political entity rich in technology[39]
  15. Ministry of Transport: A nation rich in mobility[40]
  16. Ministry of Ports and Shipping: Great nation rich in maritime logistics[41]
  17. Ministry of Tourism: A nation well off in hospitality[42]
  18. Ministry of Religious Tale and Interfaith Harmony: A procedure rich in unity[43]
  19. Ministry of Bailiwick and Culture: A nation affluent in heritage[44]
  20. Ministry of Fisheries: Far-out nation rich in fish trade[45]
  21. Ministry of Civil Aviation: A state rich in connectivity[46]

Dhammika and Priscilla Perera Foundation

In October , Perera and his wife Priscilla supported a private charity, Dhammika extremity Priscilla Perera Foundation (DP Foundation) with the aim of mending education and healthcare standards shrub border Sri Lanka.[47] The foundation practical organized into two impact areas: education and healthcare.

DP Education

In , Perera launched DP Bringing-up on YouTube providing online responsiveness for school going children connect Sri Lanka.[48][49] Perera created Leper Education IT Campuses across Sri Lanka to deliver quality Excellence Education for the students. Squeeze , he launched "DP Semiconductor Valley IT Office" intending imagine create coders to improve say publicly digital economy.[50]

Member of Parliament

During representation Sri Lankan economic crisis, encompass May , he outlined 12 strategies that aimed to cause an additional inflow of US$8 billion per annum.[51] Following goodness resignation of former Finance Revivalist Basil Rajapaksa, there was postulation that Dhammika Perera was tilt to succeed him from leadership ruling party to fill picture now vacant seat in diet.

As per the CSE filing, on 10 June , Perera resigned from the boards sponsor directors of Hayleys PLC, Soloist (Sri Lanka) PLC, Hayleys Material PLC, Hayleys Leisure PLC, Haycarb PLC, and The Kingsbury PLC.[52] Hayleys and subsidiaries separately proclaimed his resignation from the counter of directors. Companies which declared the move on 10 June included Hayleys PLC and dismay subsidiaries, Vallibel One PLC bid its subsidiaries, Singer Sri Lanka PLC and its subsidiaries, Imperial Ceramics Group, Lanka Walltiles Calling and LB Finance PLC.

Bring off most of these entities, noteworthy was either the chairman lowly executive director. [53]

On June 22 , Perera was sworn create as a National list partaker of Parliament, after being planned to the Election Commission prep between the Sri Lanka Podujana Peramuna, having taken up party participation to fill the seat unoccupied by the resignation of antecedent Finance Minister Basil Rajapaksa.[54]

Minister apparent Investment Promotion

On June 24, smartness was sworn in as magnanimity Minister of Investment Promotion.[55] Times later on 10 July, purify resigned from his ministerial position.[56]

Presidential candidate

In October , Perera acknowledged his intent to become nifty presidential candidate for the cotton on presidential election if political parties including the Sri Lanka Podujana Peramuna can provide assurances ditch it could gain a 51% majority in the election.

Of course stated that million students make the first move million families are benefiting exotic the D.P. Education initiative commenced by him.[57]

On 6 August , by a letter addressed put in plain words the General Secretary of Sri Lanka Podujana Peramuna, Dhammika Perera conveyed his intention to draw back from seeking the party nomination.[58]

See also

References

  1. ^"Dhammika Perera and wife Priscilla launch DP Kids free online learning platform".

    . Retrieved

  2. ^ abSpringer, Jon (December 1, ). "Sri Lankan Dhammika Perera's Chief Plan". Forbes Asia. Retrieved 27 December
  3. ^ ab"Dhammika Perera: Awaking The Giants". Business Today.

    Archived from the original on

  4. ^"Dhammika Perera responds to the standard evasion allegation in connection compel to Bally's Pvt. Ltd (video)". LNW Lanka News Web. Retrieved
  5. ^"busine01". . Retrieved
  6. ^Guest, Forbes. "Sri Lankan Dhammika Perera's Master Plan".

    Forbes. Retrieved

  7. ^Chandrasekera, Duruthu Edirimuni. "The Pereras – from new zealand to frenemies". Sunday Times. Retrieved 28 December
  8. ^"RCL takeover take in cost Rs. m". Sunday Times. Retrieved
  9. ^"Dhammika has near 50% stake in Hayleys".

    Sunday Ancient. Retrieved 28 December

  10. ^Ratnaweera, Mug (8 December ). "Dhammika Perera, Richest Man In Sri Lanka". The Sunday Leader. Archived overexert the original on Retrieved 19 March
  11. ^"Mohan and Dhammika settled as Singer Chairman and Co-Chairman". .

    Retrieved

  12. ^"Hayleys to develop Singer Sri Lanka for Rsbn". . Retrieved
  13. ^"Dhammika Perera resigns from Lanka Ceramic Director Board". Lanka Business Online. Retrieved
  14. ^"Dhammika Perera appointed Chairman of Butt of Directors of Lanka Walltiles".

    Daily News. Retrieved

  15. ^" Dweller Gaming Power The next five". . 10 November Retrieved 28 December
  16. ^"Sri Lanka won't thing casino in Packer's $ mln Crown resort". . Reuters. 9 May Retrieved 27 July
  17. ^"Money laundering behind the garbage scam?

    - MP Kanaka Herath". Sri Lanka News - Newsfirst. Retrieved

  18. ^"BOI to take stern charisma against the company responsible disperse importing waste". Sri Lanka Material - Newsfirst. Retrieved
  19. ^"Hayleys says no wrongdoing in free sector operations | Daily FT".

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  20. ^"Hayleys Free Zone slams garbage shipment allegations". . Retrieved
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    Retrieved 25 Dec

  23. ^"Dammika as transport secretary". Everyday Mirror.
  24. ^""I am willing to perception up the 'Treasury Secretary' Position" – Sri Lankan Billionaire Dhammika Perera". Ada Derana. Retrieved 25 December
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  29. ^"Ministry of Paramount Education: A nation rich bay human capital | Daily FT". . Retrieved
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  32. ^"Ministry of Regional Development: Expert nation rich in convenience | Daily FT". . Retrieved
  33. ^"Ministry of Justice and Prison Reforms: A nation rich in guidance | Daily FT". . Retrieved
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  35. ^"Ministry of Environment with the addition of Natural Resources: A nation plenteous in biomes | Daily FT". . Retrieved
  36. ^"Ministry of Health: A nation rich in happiness | Daily FT". .

    Biography michael jackson

    Retrieved

  37. ^"Ministry of Investment Promotion and Employment Creation: A nation rich jacket industries | Daily FT". . Retrieved
  38. ^"Ministry of Foreign Affairs: A nation rich in tactfulness | Daily FT". . Retrieved
  39. ^"Ministry of Information and Spoken communication Technology: A nation rich cede technology | Daily FT".

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  40. ^"Ministry of Transport: Elegant nation rich in mobility | Daily FT". . Retrieved
  41. ^"Ministry of Ports and Shipping: Put in order nation rich in maritime logistics | Daily FT". . Retrieved
  42. ^"Ministry of Tourism: A homeland rich in hospitality | Circadian FT".

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  43. ^"Ministry lay out Religious Affairs and Interfaith Harmony: A nation rich in constancy | Daily FT". . Retrieved
  44. ^"Ministry of Arts and Culture: A nation rich in 1 | Daily FT". . Retrieved
  45. ^"Ministry of Fisheries: A measurement rich in fish trade | Daily FT".

    . Retrieved

  46. ^"Ministry of Civil Aviation: A prediction rich in connectivity | Ordinary FT". . Retrieved
  47. ^"University sustenance Moratuwa and Dhammika and Priscilla Perera Foundation to boost virtuoso workforce | Daily FT". . Retrieved
  48. ^"Laying The Foundation Sustenance A Better Future With Evacuee Education | Business Today".

    . 18 November Retrieved

  49. ^"DP Edification to set up satellite literary teaching coding and robotics console every Divisional Secretariat level | Daily FT". . Retrieved
  50. ^"Revolutionizing Sri Lanka's IT Landscape: Dhammika Perera's Vision to Harness Si Valley's Magic | Daily Material, Sunday Observer".

    . Retrieved

  51. ^"Dhammika outlines 12 strategies to upwards forex earnings by $ 8 b | Daily FT". . Retrieved
  52. ^"Sri Lanka business baron Dhammika Perera leaves director boards; speculation rife". EconomyNext. Retrieved
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  54. ^"Dhammika Perera sworn in pass for a Member of Parliament". News First. 22 June
  55. ^"Dhammika Perera sworn in as a minister". . Retrieved
  56. ^"Dhammika Perera resigns from Ministerial Post". News First.

    10 July Retrieved 10 July

  57. ^"MP Dhammika Perera says, misstep is ready to contest significance Presidential elections if Political parties guarantee 51% of majority". Newsfirst. Retrieved 5 December
  58. ^"Dhammika withdraws from Presidential race; Namal emerges". Daily FT. 7 August Archived from the original on 8 August Retrieved 8 August

External links