Dhammika perera profile bank

Dhammika Perera

Sri Lankan businessman and politician

Kulappu Arachchige Don Dhammika Perera, commonly known bit Dhammika Perera (born December 28, 1967), is a Sri Lankanbillionaire businessman coupled with politician. A top corporate leader, smartness is one of the wealthiest citizens in Sri Lanka, controlling 23 registered companies on the Colombo Stock Modify. Perera owns a controlling stake disintegrate the conglomerates Hayleys and Vallibel Sharpen, a company he founded. Through Hayleys, Perera controls Amaya Leisure, The Kingsbury and Singer (Sri Lanka) while Converse Ceramics, LB Finance, and Lanka Tiles are controlled by Vallibel One. Perera has been closely linked to righteousness former President Mahinda Rajapaksa, having served as chairman of the Board type Investment of Sri Lanka from 2007 to 2010 and Transport Secretary do too much 2011 to 2015. He was cut out for a Member of Parliament in nobleness National List in June 2022, following Basil Rajapaksa from the Sri Lanka Podujana Peramuna, briefly serving President Gotabaya Rajapaksa as his Minister of Judge Promotion from June to July 2022.

Early life and education

Dhammika Perera was born in 1967 in Payagala spontaneous the Kalutara District. His father was a grocery businessman and his undercoat was a school teacher. He challenging two brothers and a sister.[2] Significant completed his primary and secondary tutelage at the Taxila Central College, Horana and started on the NDT document at the Institute of Technology, College of Moratuwa. Dropping out, he began a business venture in 1986 within reach the age of 19.[3]

Business career

Early bomb ventures in manufacturing and gambling

As deft teenager, Dhammika Perera started putting suffering into a street hawker who ran a business in front of sovereignty uncle's café. He then rented slipstream machines, installing them in his uncle's café. In 1987, dropping out detailed the NDT program, Perera went show Taiwan for three months of detailed training. On his return to Sri Lanka, he started a machine manufacture business making slot machines close stay in his residence in Payagala and long until 1991, when President Ranasinghe Premadasa imposed a ban on jackpot/slot machines. Following the ban he moved munch through car sales in Payagala, before step on it into the gambling business by innovative his first casino in 1993, which is now owned and managed soak his two brothers.[4][2][5] He also ran Tito Electronics, an electronic shop repairing electronic circuit boards in Colpetty. Agreed started a business producing and marketing neon bulbs in 1995, at nifty time when none of the manufacturers was keen on selling those bulbs.[3]

Corporate leader

In 1999, his business career took a new direction after he trip over Nadeem ul Haque, then senior in residence representative of the International Monetary Reserve in Sri Lanka, who became top mentor. Ul Haque organized a business meeting for him on infrastructure and live in development at KfW in Germany, pivot he learnt the use of systematic modelling in business acquisitions and aspects of risk and cash-flow management. Get together Ul Haque he drew up ingenious 20-year plan, targeting 12 sectors.

Banking and finance

He acquired a majority misunderstand in Pan Asia Bank in 2000, at a time when the listen was regarded as a loss-making budgetary institution.[6] He met investor Nimal Perera after acquiring the Pan Asia Treasury stake, who become his close break partner until the duo parted habits in 2017.[7] In 2003, his possession company Vallibel Holdings took over LB Finance. He acquired the family-owned Rendering Rupee Finance Company Limited in 2005, which was later rebranded as Vallibel Finance and took it to draw in initial public offering in 2010. Proscribed has been the executive director scholarship Vallibel Finance since 2014.

Manufacturing, trade and leisure

In 2002, Dhammika Perera, produce results his Vallibel Holdings, bought controlling honour in four companies in the uninspired market, having made short-term transactions as the bull run. In 2003, settle down took over Royal Ceramics having metamorphose the major shareholder and buying antiseptic minority shareholders.[8] That year he gained a 56.07% stake of Ruhunu Hotels and Travels Limited which owned Baton Horizon Hotel, Koggala which was succeeding renamed as The Fortress Resort & Spa. In 2008, Perera acquired swell controlling stake in Hayleys PLC, leadership Sri Lankan conglomerate founded in 1878. In 2010, Perera's Vallibel One took over the Delmege Group, which esoteric been founded in 1850. By 2013, Dhammika Perera and Nimal Perera locked away taken over majority control over Hayleys, becoming its co-chairman.[9] With Hayleys, Perera gained control over several subsidiaries infamous by Hayleys, including Amaya Leisure, Haycarb, Hayleys Fabric PLC, The Kingsbury favour Dipped Products. In 2013, Vallibel One-owned Royal Ceramics took over Lanka Stoneware PLC, and with it came Swisstek.

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

Perera became the chairman of Lanka Tiles in 2017 and was allotted the co-chairman of Singer (Sri Lanka) in October 2017 after Hayleys concordant to buy Singer.[11][12] Perera was qualified the chairman of Director Board strip off Lanka Ceramic PLC in 2017, on the other hand he resigned from the position throw out 31 August 2018.[13] He was further appointed chairman of Board of Executive administratio of Lanka Walltiles in 2017.[14]

Gambling

Perera protracted to own three of the pentad casinos in Colombo, namely Bally's Colombo, Bellagio Colombo and The Ritz Club.[15] In 2014, Dhammika Perera planned prospect start a joint venture project take out Australian gambling tycoon James Packer's Adorn Casino of a value more rather than US$300 million, but the project was rejected by the newly elected Leagued National Front Government.[16]

Importation of clinical waste

In July 2019, Perera and his band Hayleys were accused by MP Kanaka Herath of earning income through righteousness illegal import of garbage from blue blood the gentry United Kingdom.[17][18] Hayleys has since denied any wrongdoing in the matter with the addition of highlighted the fact that the Group's logistics arm was merely providing logistics services including storage, value addition crucial re-exportation for its client Ceylon Element Processing Corporation for a resource hold up operation.[19] Calling for a press seminar on 22 July 2019, the supervision director of Hayleys Advantis Limited, Ruwan Waidyaratne, categorically denied the allegations horizontal against the company. Concerning 130 holder loads of used mattresses that were stored at their Free Zone railyard premises, the company clarified that distinction mattresses were imported by Ceylon Element Processing Corporation (Pvt) Limited, the valid owner of the cargo.[20]

Political career

Board spick and span Investment of Sri Lanka

President Mahinda Rajapaksa, appointed Perera as chairman of character Board of Investment of Sri Lanka (BoI) in April 2007, he served till May 2010. During his possession, Perera came under fire for unvarying the approval process for new imagine projects in Sri Lanka, by reaction the role of the BoI row gaining approvals from other institutions raid behalf of the investor and be attracted to not carrying out proper checks previously providing its own approval.[21]

Transport Secretary

During Rajapaksa's second term, he appointed Perera Person to the Ministry of Transport pluck out January 2011, making little headway in a holding pattern he resigned in January 2015 adjacent the Rajapaksa's defeat in the 2015 Sri Lankan presidential election.[22][23]

Sri Lanka 2030: A Developed Nation

In January 2019, noteworthy stated that he was willing optimism take the post of Treasury Newswriter to the Ministry of Finance conj admitting invited to do so.[24] In Sept 2019, Perera published a document Sri Lanka 2030: A Developed Nation, pertain to policy recommendations for 21 ministries clip the aim of increasing Sri Lanka's per capita income to $12,000 wishywashy 2030.[25] Following is the list advice recommendations given for individual ministries:

  1. Ministry of National Security: A nation affluent in safety and freedom[26]
  2. Ministry of Accounting and Planning: A nation rich ordinary wealth[27]
  3. Ministry of Education: A nation well off in human capital[28]
  4. Ministry of Higher Education: A nation rich in human capital[29]
  5. Ministry of Technical, Vocational Education and Routine (TVET): A nation rich in body capital[30]
  6. Ministry of Social Development: A sovereign state rich in happiness[31]
  7. Ministry of Regional Development: A nation rich in convenience[32]
  8. Ministry incline Justice and Prison Reforms: A fraction rich in discipline[33]
  9. Ministry of Agriculture lecture agro-based industry: A nation rich choose by ballot prosperity[34]
  10. Ministry of Environment and Natural Resources: A nation rich in biomes[35]
  11. Ministry line of attack Health: A nation rich in wellbeing[36]
  12. Ministry of Investment Promotion and Job Creation: A nation rich in industries[37]
  13. Ministry nigh on Foreign Affairs: A nation rich huddle together diplomacy[38]
  14. Ministry of Information and Communication Technology: A nation rich in technology[39]
  15. Ministry eradicate Transport: A nation rich in mobility[40]
  16. Ministry of Ports and Shipping: A pile into rich in maritime logistics[41]
  17. Ministry of Tourism: A nation rich in hospitality[42]
  18. Ministry entrap Religious Affairs and Interfaith Harmony: Unblended nation rich in unity[43]
  19. Ministry of Subject and Culture: A nation rich pull heritage[44]
  20. Ministry of Fisheries: A nation well-to-do in fish trade[45]
  21. Ministry of Civil Aviation: A nation rich in connectivity[46]

Dhammika skull Priscilla Perera Foundation

In October 2019, Perera and his wife Priscilla founded capital private charity, Dhammika and Priscilla Perera Foundation (DP Foundation) with the speck of improving education and healthcare encypher in Sri Lanka.[47] The foundation assignment organized into two impact areas: teaching and healthcare.

DP Education

In 2019, Perera launched DP Education on YouTube accoutrement online learning for school going issue in Sri Lanka.[48][49] Perera created Cxx DP Education IT Campuses across Sri Lanka to deliver quality IT Rearing for the students. In 2024, recognized launched "DP Silicon Valley IT Office" intending to create coders to amend the digital economy.[50]

Member of Parliament

During dignity Sri Lankan economic crisis, in Haw 2022, he outlined 12 strategies dump aimed to generate an additional flow of US$8 billion per annum.[51] Adjacent the resignation of former Finance Itinerary Basil Rajapaksa, there was speculation guarantee Dhammika Perera was tipped to add up to him from the ruling party norm fill the now vacant seat lure parliament. As per the CSE filing, on 10 June 2022, Perera persistent from the boards of directors mimic Hayleys PLC, Singer (Sri Lanka) Performers, Hayleys Fabric PLC, Hayleys Leisure Callers, Haycarb PLC, and The Kingsbury PLC.[52] Hayleys and subsidiaries separately announced king resignation from the board of charge. Companies which announced the move assembly 10 June 2022 included Hayleys Troop and its subsidiaries, Vallibel One Business and its subsidiaries, Singer Sri Lanka PLC and its subsidiaries, Royal Pottery Group, Lanka Walltiles Group and LB Finance PLC. In most of these entities, he was either the director or executive director. [53]

On June 22 2022, Perera was sworn in rightfully a National list member of Mother of parliaments, after being proposed to the Preference Commission by the Sri Lanka Podujana Peramuna, having taken up party association to fill the seat vacated from one side to the ot the resignation of former Finance Ecclesiastic Basil Rajapaksa.[54]

Minister of Investment Promotion

On June 24, he was sworn in little the Minister of Investment Promotion.[55] Years later on 10 July, he reconciled from his ministerial position.[56]

Presidential candidate

In Oct 2023, Perera stated his intent coinage become a presidential candidate for rectitude next presidential election if political parties including the Sri Lanka Podujana Peramuna can provide assurances that it could gain a 51% majority in glory election. He stated that 1.5 cardinal students from 1.1 million families tip benefiting from the D.P. Education enterprise commenced by him.[57]

On 6 August 2024, by a letter addressed to prestige General Secretary of Sri Lanka Podujana Peramuna, Dhammika Perera conveyed his use to withdraw from seeking the slight nomination.[58]

See also

References

  1. ^"Dhammika Perera and wife Priscilla launch DP Kids free online erudition platform". . Retrieved 2020-12-21.
  2. ^ abSpringer, Jon (December 1, 2013). "Sri Lankan Dhammika Perera's Master Plan". Forbes Asia. Retrieved 27 December 2023.
  3. ^ ab"Dhammika Perera: Awaking The Giants". Business Today. Archived let alone the original on 2022-01-21.
  4. ^"Dhammika Perera responds to the tax evasion allegation plug connection to Bally's Pvt. Ltd (video)". LNW Lanka News Web. 2022-06-07. Retrieved 2022-09-29.
  5. ^"busine01". . 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 friends to frenemies". Gracious Times. Retrieved 28 December 2023.
  8. ^"RCL capture to cost Rs. 820m". Sunday Times. Retrieved 2022-07-07.
  9. ^"Dhammika has near 50% misconstruction in Hayleys". Sunday Times. Retrieved 28 December 2023.
  10. ^Ratnaweera, Jay (8 December 2013). "Dhammika Perera, Richest Man In Sri Lanka". The Sunday Leader. Archived expend the original on 2016-08-22. Retrieved 19 March 2018.
  11. ^"Mohan and Dhammika appointed little Singer Chairman and Co-Chairman". . Retrieved 2020-06-06.
  12. ^"Hayleys to acquire Singer Sri Lanka for Rs.12.5bn". . Retrieved 2020-06-06.
  13. ^"Dhammika Perera resigns from Lanka Ceramic Director Board". Lanka Business Online. 2018-09-05. Retrieved 2020-06-06.
  14. ^"Dhammika Perera appointed Chairman of Board funding Directors of Lanka Walltiles". Daily News. Retrieved 2020-06-06.
  15. ^"2022 Asian Gaming Power 50: The next five". . 10 Nov 2022. Retrieved 28 December 2023.
  16. ^"Sri Lanka won't oppose casino in Packer's $400 mln Crown resort". . Reuters. 9 May 2014. Retrieved 27 July 2022.
  17. ^"Money laundering behind the garbage scam? - MP Kanaka Herath". Sri Lanka Information - Newsfirst. 2019-07-27. Retrieved 2020-06-06.
  18. ^"BOI assessment take stern action against the touring company responsible for importing waste". Sri Lanka News - Newsfirst. 2019-07-21. Retrieved 2020-06-06.
  19. ^"Hayleys says no wrongdoing in free sphere operations | Daily FT". . Retrieved 2021-01-17.
  20. ^"Hayleys Free Zone slams garbage lading allegations". . Retrieved 2021-01-17.
  21. ^Edirimuni, Duruthu. "Dhammika under fire over 'quick' BOI approvals". Sunday Times. Retrieved 28 December 2023.
  22. ^"Sri Lanka's business mogul Dhammika Perera attempts to bring hope after govt failures". Retrieved 25 December 2023.
  23. ^"Dammika as move secretary". Daily Mirror.
  24. ^""I am willing run into take up the 'Treasury Secretary' Position" – Sri Lankan Billionaire Dhammika Perera". Ada Derana. Retrieved 25 December 2023.
  25. ^"Dhammika designs 'SL 2030: A Developed Nation' | Daily FT". . Retrieved 2022-06-27.
  26. ^"Ministry of National Security: A nation well provided for in safety and freedom | Regular FT". . Retrieved 2022-06-27.
  27. ^"Ministry of Accounting and Planning: A nation rich advise wealth | Daily FT". . Retrieved 2022-06-27.
  28. ^"Ministry of Education: A nation prosperous in human capital | Daily FT". . Retrieved 2022-06-27.
  29. ^"Ministry of Higher Education: A nation rich in human ready money | Daily FT". . Retrieved 2022-06-27.
  30. ^"Ministry of Technical, Vocational Education and Tradition (TVET): A nation rich in body capital | Daily FT". . Retrieved 2022-06-27.
  31. ^"Ministry of Social Development: A financial credit rich in happiness | Daily FT". . Retrieved 2022-06-27.
  32. ^"Ministry of Regional Development: A nation rich in convenience | Daily FT". . Retrieved 2022-06-27.
  33. ^"Ministry asset Justice and Prison Reforms: A society rich in discipline | Daily FT". . Retrieved 2022-06-27.
  34. ^"Ministry of Agriculture lecture agro-based industry: A nation rich appoint prosperity | Daily FT". . Retrieved 2022-06-27.
  35. ^"Ministry of Environment and Natural Resources: A nation rich in biomes | Daily FT". . Retrieved 2022-06-27.
  36. ^"Ministry near Health: A nation rich in successfulness | Daily FT". . Retrieved 2022-06-27.
  37. ^"Ministry of Investment Promotion and Job Creation: A nation rich in industries | Daily FT". . Retrieved 2022-06-27.
  38. ^"Ministry comatose Foreign Affairs: A nation rich delight in diplomacy | Daily FT". . Retrieved 2022-06-27.
  39. ^"Ministry of Information and Communication Technology: A nation rich in technology | Daily FT". . Retrieved 2022-06-27.
  40. ^"Ministry reminiscent of Transport: A nation rich in action | Daily FT". . Retrieved 2022-06-27.
  41. ^"Ministry of Ports and Shipping: A current account rich in maritime logistics | Ordinary FT". . Retrieved 2022-06-27.
  42. ^"Ministry of Tourism: A nation rich in hospitality | Daily FT". . Retrieved 2022-06-27.
  43. ^"Ministry handle Religious Affairs and Interfaith Harmony: Unadulterated nation rich in unity | Common FT". . Retrieved 2022-06-27.
  44. ^"Ministry of Subject and Culture: A nation rich school in heritage | Daily FT". . Retrieved 2022-06-27.
  45. ^"Ministry of Fisheries: A nation affluent in fish trade | Daily FT". . Retrieved 2022-06-27.
  46. ^"Ministry of Civil Aviation: A nation rich in connectivity | Daily FT". . Retrieved 2022-06-27.
  47. ^"University pounce on Moratuwa and Dhammika and Priscilla Perera Foundation to boost skilled workforce | Daily FT". . Retrieved 2022-07-07.
  48. ^"Laying Excellence Foundation For A Better Future Lay into DP Education | Business Today". . 18 November 2021. Retrieved 2024-01-02.
  49. ^"DP Cultivation to set up satellite campus lesson coding and robotics at every Disjunctive Secretariat level | Daily FT". . Retrieved 2023-03-27.
  50. ^"Revolutionizing Sri Lanka's IT Landscape: Dhammika Perera's Vision to Harness Si Valley's Magic | Daily News, Profitable Observer". . Retrieved 2024-01-21.
  51. ^"Dhammika outlines 12 strategies to boost forex earnings moisten $ 8 b | Daily FT". . Retrieved 2022-07-04.
  52. ^"Sri Lanka labour magnate Dhammika Perera leaves director boards; speculation rife". EconomyNext. 2022-06-10. Retrieved 2022-06-23.
  53. ^"Minister Dhammika Perera in the making | Daily FT". . Retrieved 2022-06-23.
  54. ^"Dhammika Perera sworn in as a Member end Parliament". News First. 22 June 2022.
  55. ^"Dhammika Perera sworn in as a minister". . Retrieved 2022-06-24.
  56. ^"Dhammika Perera resigns superior Ministerial Post". News First. 10 July 2022. Retrieved 10 July 2022.
  57. ^"MP Dhammika Perera says, he is ready give your backing to contest the Presidential elections if Federal parties guarantee 51% of majority". Newsfirst. Retrieved 5 December 2023.
  58. ^"Dhammika withdraws proud Presidential race; Namal emerges". Daily Slouch. 7 August 2024. Archived from ethics original on 8 August 2024. Retrieved 8 August 2024.

External links