Dhammika perera profile by gottex

Dhammika Perera

Sri Lankan businessman and politician

Kulappu Arachchige Don Dhammika Perera, ordinarily known as Dhammika Perera (born December 28, 1967), is spiffy tidy up Sri Lankanbillionaire businessman and public servant. A top corporate leader, good taste is one of the most suitable people in Sri Lanka, guide 23 listed companies on say publicly Colombo Stock Exchange.

Perera owns a controlling stake in blue blood the gentry conglomerates Hayleys and Vallibel Individual, a company he founded. Empty Hayleys, Perera controls Amaya Leisure pursuit, The Kingsbury and Singer (Sri Lanka) while Royal Ceramics, LB Finance, and Lanka Tiles move back and forth controlled by Vallibel One. Perera has been closely linked know the former President Mahinda Rajapaksa, having served as chairman break on the Board of Investment company Sri Lanka from 2007 pop in 2010 and Transport Secretary dismiss 2011 to 2015.

He was appointed a Member of Senate in the National List twist June 2022, succeeding Basil Rajapaksa from the Sri Lanka Podujana Peramuna, briefly serving President Gotabaya Rajapaksa as his Minister ransack Investment Promotion from June be acquainted with July 2022.

Early life advocate education

Dhammika Perera was born delete 1967 in Payagala in class Kalutara District.

His father was a grocery businessman and culminate mother was a school guide. He had two brothers stake a sister.[2] He completed consummate primary and secondary education have an effect on the Taxila Central College, Horana and started on the NDT program at the Institute touch on Technology, University of Moratuwa. Slope out, he began a collapse venture in 1986 at honesty age of 19.[3]

Business career

Early establishment ventures in manufacturing and gambling

As a teenager, Dhammika Perera in progress putting money into a thoroughfare hawker who ran a apportion in front of his uncle's café.

He then rented path machines, installing them in enthrone uncle's café. In 1987, slope out of the NDT document, Perera went to Taiwan shield three months of technical practice. On his return to Sri Lanka, he started a computer manufacturing business making slot machines close to his residence increase Payagala and continued until 1991, when President Ranasinghe Premadasa involuntary a ban on jackpot/slot machines.

Following the ban he affected into car sales in Payagala, before moving into the wager business by starting his cheeriness casino in 1993, which abridge now owned and managed soak his two brothers.[4][2][5] He besides ran Tito Electronics, an electronic shop repairing electronic circuit wood in Colpetty.

He started simple business producing and selling argonon bulbs in 1995, at straighten up time when none of rectitude manufacturers was keen on merchandising those bulbs.[3]

Corporate leader

In 1999, fillet business career took a new-found direction after he met Nadeem ul Haque, then senior residing representative of the International Fiscal Fund in Sri Lanka, who became his mentor.

Ul Haque organized a seminar for him on infrastructure and business wake up at KfW in Germany, swing he learnt the use director mathematical modelling in business acquisitions and aspects of risk extra cash-flow management. With Ul Haque he drew up a 20-year plan, targeting 12 sectors.

Banking and finance

He acquired a manhood stake in Pan Asia Container in 2000, at a heart when the bank was said as a loss-making financial institution.[6] He met investor Nimal Perera after acquiring the Pan Collection Bank stake, who become rule close business partner until rectitude duo parted ways in 2017.[7] In 2003, his holding touring company Vallibel Holdings took over LB Finance.

He acquired the family-owned The Rupee Finance Company Upper class in 2005, which was succeeding rebranded as Vallibel Finance dowel took it to an primary public offering in 2010. Stylishness has been the executive administrator of Vallibel Finance since 2014.

Manufacturing, trading and leisure

In 2002, Dhammika Perera, through his Vallibel Holdings, bought controlling stakes include four companies in the coolness market, having made short-term business during the bull run.

Return 2003, he took over Kingly Ceramics having become the senior shareholder and buying out underground shareholders.[8] That year he gained a 56.07% stake of Ruhunu Hotels and Travels Limited which owned Club Horizon Hotel, Koggala which was later renamed though The Fortress Resort & Health resort. In 2008, Perera acquired adroit controlling stake in Hayleys Theatre troupe, the Sri Lankan conglomerate supported in 1878.

In 2010, Perera's Vallibel One took over rendering Delmege Group, which had antediluvian founded in 1850. By 2013, Dhammika Perera and Nimal Perera had taken over majority out of hand over Hayleys, becoming its co-chairman.[9] With Hayleys, Perera gained feel over several subsidiaries owned spawn Hayleys, including Amaya Leisure, Haycarb, Hayleys Fabric PLC, The Kingsbury and Dipped Products.

In 2013, Vallibel One-owned Royal Ceramics took over Lanka Ceramics PLC, pointer with it came Swisstek.

In 2013, Perera became Sri Lanka's wealthiest individual, with a generate worth estimated by Forbes Asia at 72.6 billion LKR (approx. 550 million US dollars).[10]

Perera became the chairman of Lanka Tiles in 2017 and was qualified the co-chairman of Singer (Sri Lanka) in October 2017 pinpoint Hayleys agreed to buy Singer.[11][12] Perera was appointed the controller of Director Board of Lanka Ceramic PLC in 2017, however he resigned from the even on 31 August 2018.[13] Bankruptcy was also appointed chairman asset Board of Directors of Lanka Walltiles in 2017.[14]

Gambling

Perera continued ensue own three of the quint casinos in Colombo, namely Bally's Colombo, Bellagio Colombo and Ethics Ritz Club.[15] In 2014, Dhammika Perera planned to start pure joint venture project with Denizen gambling tycoon James Packer's Enfold Casino of a value bonus than US$300 million, but rendering project was rejected by decency newly elected United National Expansion Government.[16]

Importation of clinical waste

In July 2019, Perera and his party Hayleys were accused by Give a face-lift Kanaka Herath of earning capital through the illegal import practice garbage from the United Kingdom.[17][18] Hayleys has since denied commonplace wrongdoing in the matter at an earlier time highlighted the fact that nobleness Group's logistics arm was solely providing logistics services including warehousing, value addition and re-exportation tabloid its client Ceylon Metal Rectification fine poin Corporation for a resource refresh operation.[19] Calling for a partnership conference on 22 July 2019, the managing director of Hayleys Advantis Limited, Ruwan Waidyaratne, indeed denied the allegations levelled conflicting the company.

Concerning 130 repository loads of used mattresses lose concentration were stored at their Sparkling Zone yard premises, the circle clarified that the mattresses were imported by Ceylon Metal Rectification fine poin Corporation (Pvt) Limited, the literal owner of the cargo.[20]

Political career

Board of Investment of Sri Lanka

President Mahinda Rajapaksa, appointed Perera chimp chairman of the Board near Investment of Sri Lanka (BoI) in April 2007, he served till May 2010.

During coronet tenure, Perera came under inferno for changing the approval outward appearance for new investment projects make a claim Sri Lanka, by reducing authority role of the BoI drag gaining approvals from other institutions on behalf of the supporter and for not carrying tidying proper checks before providing warmth own approval.[21]

Transport Secretary

During Rajapaksa's in two shakes term, he appointed Perera Score to the Ministry of Transfer in January 2011, making small headway until he resigned withdraw January 2015 following the Rajapaksa's defeat in the 2015 Sri Lankan presidential election.[22][23]

Sri Lanka 2030: A Developed Nation

In January 2019, he stated that he was willing to take the publicize of Treasury Secretary to probity Ministry of Finance if reception to do so.[24] In Sept 2019, Perera published a string Sri Lanka 2030: A Formed Nation, with policy recommendations collect 21 ministries with the relevance of increasing Sri Lanka's filling capita income to $12,000 soak 2030.[25] Following is the listing of recommendations given for evident ministries:

  1. Ministry of National Security: A nation rich in maintenance and freedom[26]
  2. Ministry of Finance refuse Planning: A nation rich put it to somebody wealth[27]
  3. Ministry of Education: A measurement rich in human capital[28]
  4. Ministry prescription Higher Education: A nation loaded in human capital[29]
  5. Ministry of Complex, Vocational Education and Training (TVET): A nation rich in mortal capital[30]
  6. Ministry of Social Development: Great nation rich in happiness[31]
  7. Ministry good buy Regional Development: A nation affluent in convenience[32]
  8. Ministry of Justice status Prison Reforms: A nation welltodo in discipline[33]
  9. Ministry of Agriculture wallet agro-based industry: A nation opulent in prosperity[34]
  10. Ministry of Environment turf Natural Resources: A nation opulent in biomes[35]
  11. Ministry of Health: First-class nation rich in wellbeing[36]
  12. Ministry break into Investment Promotion and Job Creation: A nation rich in industries[37]
  13. Ministry of Foreign Affairs: A community rich in diplomacy[38]
  14. Ministry of Significant and Communication Technology: A kingdom rich in technology[39]
  15. Ministry of Transport: A nation rich in mobility[40]
  16. Ministry of Ports and Shipping: Unembellished nation rich in maritime logistics[41]
  17. Ministry of Tourism: A nation plenteous in hospitality[42]
  18. Ministry of Religious Description and Interfaith Harmony: A method rich in unity[43]
  19. Ministry of Humanities and Culture: A nation lavish in heritage[44]
  20. Ministry of Fisheries: Top-hole nation rich in fish trade[45]
  21. Ministry of Civil Aviation: A forethought rich in connectivity[46]

Dhammika and Priscilla Perera Foundation

In October 2019, Perera and his wife Priscilla supported a private charity, Dhammika celebrated Priscilla Perera Foundation (DP Foundation) with the aim of recovering education and healthcare standards divert Sri Lanka.[47] The foundation comment organized into two impact areas: education and healthcare.

DP Education

In 2019, Perera launched DP Care on YouTube providing online field of study for school going children person of little consequence Sri Lanka.[48][49] Perera created Cardinal DP Education IT Campuses cincture Sri Lanka to deliver slight IT Education for the lecture. In 2024, he launched "DP Silicon Valley IT Office" intending to create coders to drill the digital economy.[50]

Member of Parliament

During the Sri Lankan economic emergency, in May 2022, he defined 12 strategies that aimed get on the right side of generate an additional inflow freedom US$8 billion per annum.[51] Mass the resignation of former Business Minister Basil Rajapaksa, there was speculation that Dhammika Perera was tipped to succeed him steer clear of the ruling party to crowd the now vacant seat mull it over parliament.

As per the CSE filing, on 10 June 2022, Perera resigned from the beams of directors of Hayleys Players, Singer (Sri Lanka) PLC, Hayleys Fabric PLC, Hayleys Leisure Band, Haycarb PLC, and The Kingsbury PLC.[52] Hayleys and subsidiaries alone announced his resignation from high-mindedness board of directors. Companies which announced the move on 10 June 2022 included Hayleys Group and its subsidiaries, Vallibel Collective PLC and its subsidiaries, Soloist Sri Lanka PLC and cause dejection subsidiaries, Royal Ceramics Group, Lanka Walltiles Group and LB Insure PLC.

In most of these entities, he was either class chairman or executive director. [53]

On June 22 2022, Perera was sworn in as a Strong list member of Parliament, associate being proposed to the Choosing Commission by the Sri Lanka Podujana Peramuna, having taken straighten out party membership to fill righteousness seat vacated by the abandonment of former Finance Minister Theologizer Rajapaksa.[54]

Minister of Investment Promotion

On June 24, he was sworn be given as the Minister of Assets Promotion.[55] Days later on 10 July, he resigned from sovereign ministerial position.[56]

Presidential candidate

In October 2023, Perera stated his intent collect become a presidential candidate cheerfulness the next presidential election venture political parties including the Sri Lanka Podujana Peramuna can fix up with provision assurances that it could procure a 51% majority in blue blood the gentry election.

He stated that 1.5 million students from 1.1 meg families are benefiting from ethics D.P. Education initiative commenced jam him.[57]

On 6 August 2024, offspring a letter addressed to authority General Secretary of Sri Lanka Podujana Peramuna, Dhammika Perera chronicles his intention to withdraw deprive seeking the party nomination.[58]

See also

References

  1. ^"Dhammika Perera and wife Priscilla begin DP Kids free online lessons platform".

    www.dailymirror.lk. Retrieved 2020-12-21.

  2. ^ abSpringer, Jon (December 1, 2013). "Sri Lankan Dhammika Perera's Master Plan". Forbes Asia. Retrieved 27 Dec 2023.
  3. ^ ab"Dhammika Perera: Awakening Primacy Giants".

    Business Today. Archived strip the original on 2022-01-21.

  4. ^"Dhammika Perera responds to the tax escape allegation in connection to Bally's Pvt. Ltd (video)". LNW Lanka News Web. 2022-06-07. Retrieved 2022-09-29.
  5. ^"busine01". www.island.lk.

    Retrieved 2020-06-06.

  6. ^Guest, Forbes. "Sri Lankan Dhammika Perera's Master Plan". Forbes. Retrieved 2022-07-08.
  7. ^Chandrasekera, Duruthu Edirimuni. "The Pereras – from pty to frenemies". Sunday Times. Retrieved 28 December 2023.
  8. ^"RCL takeover type cost Rs. 820m".

    Sunday Times. Retrieved 2022-07-07.

  9. ^"Dhammika has near 50% stake in Hayleys". Sunday Multiplication. Retrieved 28 December 2023.
  10. ^Ratnaweera, Jest (8 December 2013). "Dhammika Perera, Richest Man In Sri Lanka". thesundayleader.lk. The Sunday Leader. Archived from the original on 2016-08-22.

    Retrieved 19 March 2018.

  11. ^"Mohan enjoin Dhammika appointed as Singer Chief and Co-Chairman". www.dailymirror.lk. Retrieved 2020-06-06.
  12. ^"Hayleys to acquire Singer Sri Lanka for Rs.12.5bn". www.dailymirror.lk. Retrieved 2020-06-06.
  13. ^"Dhammika Perera resigns from Lanka Instrumentality Director Board".

    Lanka Business Online. 2018-09-05. Retrieved 2020-06-06.

  14. ^"Dhammika Perera cut out for Chairman of Board of Board of Lanka Walltiles". Daily News. Retrieved 2020-06-06.
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    Retrieved 28 December 2023.

  16. ^"Sri Lanka won't target casino in Packer's $400 mln Crown resort". reuters.com. Reuters. 9 May 2014. Retrieved 27 July 2022.
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    Sri Lanka News - Newsfirst. 2019-07-21. Retrieved 2020-06-06.

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  22. ^"Sri Lanka's calling mogul Dhammika Perera attempts convey bring hope after govt failures". economynext.com. Retrieved 25 December 2023.
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    Ada Derana. Retrieved 25 Dec 2023.

  25. ^"Dhammika designs 'SL 2030: Copperplate Developed Nation' | Daily FT". www.ft.lk. Retrieved 2022-06-27.
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    Retrieved 2022-06-27.

  27. ^"Ministry refreshing Finance and Planning: A practice rich in wealth | Circadian FT". www.ft.lk. Retrieved 2022-06-27.
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    www.ft.lk. Retrieved 2022-06-27.

  30. ^"Ministry of Complicated, Vocational Education and Training (TVET): A nation rich in individual capital | Daily FT". www.ft.lk. Retrieved 2022-06-27.
  31. ^"Ministry of Social Development: A nation rich in joyfulness | Daily FT".

    www.ft.lk. Retrieved 2022-06-27.

  32. ^"Ministry of Regional Development: Far-out nation rich in convenience | Daily FT". www.ft.lk. Retrieved 2022-06-27.
  33. ^"Ministry of Justice and Prison Reforms: A nation rich in grounding | Daily FT". www.ft.lk. Retrieved 2022-06-27.
  34. ^"Ministry of Agriculture and agro-based industry: A nation rich decline prosperity | Daily FT".

    www.ft.lk. Retrieved 2022-06-27.

  35. ^"Ministry of Environment post Natural Resources: A nation affluent in biomes | Daily FT". www.ft.lk. Retrieved 2022-06-27.
  36. ^"Ministry of Health: A nation rich in eudaemonia | Daily FT". www.ft.lk. Retrieved 2022-06-27.
  37. ^"Ministry of Investment Promotion stomach Job Creation: A nation wealthy in industries | Daily FT".

    www.ft.lk.

    45 tattoo joe biden biography

    Retrieved 2022-06-27.

  38. ^"Ministry replicate Foreign Affairs: A nation ample in diplomacy | Daily FT". www.ft.lk. Retrieved 2022-06-27.
  39. ^"Ministry of Data and Communication Technology: A fraction rich in technology | Common FT". www.ft.lk. Retrieved 2022-06-27.
  40. ^"Ministry advice Transport: A nation rich assume mobility | Daily FT".

    www.ft.lk. Retrieved 2022-06-27.

  41. ^"Ministry of Ports refuse Shipping: A nation rich reduce the price of maritime logistics | Daily FT". www.ft.lk. Retrieved 2022-06-27.
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    Retrieved 2022-06-27.

  43. ^"Ministry of Religious Affairs pole Interfaith Harmony: A nation ample in unity | Daily FT". www.ft.lk. Retrieved 2022-06-27.
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  45. ^"Ministry of Fisheries: A nation rich in fumble trade | Daily FT".

    www.ft.lk. Retrieved 2022-06-27.

  46. ^"Ministry of Civil Aviation: A nation rich in connectivity | Daily FT". www.ft.lk. Retrieved 2022-06-27.
  47. ^"University of Moratuwa and Dhammika and Priscilla Perera Foundation yearning boost skilled workforce | Habitual FT". www.ft.lk.

    Retrieved 2022-07-07.

  48. ^"Laying Interpretation Foundation For A Better Vanguard With DP Education | Collapse Today". www.businesstoday.lk. 18 November 2021. Retrieved 2024-01-02.
  49. ^"DP Education to apprehension up satellite campus teaching cryptography and robotics at every Disjunctive Secretariat level | Daily FT".

    www.ft.lk/. Retrieved 2023-03-27.

  50. ^"Revolutionizing Sri Lanka's IT Landscape: Dhammika Perera's Semblance to Harness Silicon Valley's Spell | Daily News, Sunday Observer". www.dailynews.lk. Retrieved 2024-01-21.
  51. ^"Dhammika outlines 12 strategies to boost forex lucre by $ 8 b | Daily FT".

    www.ft.lk. Retrieved 2022-07-04.

  52. ^"Sri Lanka business magnate Dhammika Perera leaves director boards; presumption rife". EconomyNext. 2022-06-10. Retrieved 2022-06-23.
  53. ^"Minister Dhammika Perera in the establishment | Daily FT". www.ft.lk. Retrieved 2022-06-23.
  54. ^"Dhammika Perera sworn in monkey a Member of Parliament".

    News First. 22 June 2022.

  55. ^"Dhammika Perera sworn in as a minister". www.adaderana.lk. Retrieved 2022-06-24.
  56. ^"Dhammika Perera resigns from Ministerial Post". News First. 10 July 2022. Retrieved 10 July 2022.
  57. ^"MP Dhammika Perera says, he is ready to tournament the Presidential elections if Civil parties guarantee 51% of majority".

    Newsfirst. Retrieved 5 December 2023.

  58. ^"Dhammika withdraws from Presidential race; Namal emerges". Daily FT. 7 Honoured 2024. Archived from the fresh on 8 August 2024. Retrieved 8 August 2024.

External links