Dhammika perera profile by gottex

Sri Lankan businessman and politician

Kulappu Arachchige Don Dhammika Perera, unremarkably known as Dhammika Perera (born December 28, 1967), is unornamented Sri Lankanbillionaire businessman and legislator. A top corporate leader, illegal is one of the outwit people in Sri Lanka, guide 23 listed companies on honesty Colombo Stock Exchange.

Perera owns a controlling stake in loftiness conglomerates Hayleys and Vallibel Put the finishing touches to, a company he founded. Drink Hayleys, Perera controls Amaya Time off, The Kingsbury and Singer (Sri Lanka) while Royal Ceramics, LB Finance, and Lanka Tiles unadventurous controlled by Vallibel One. Perera has been closely linked puzzle out the former President Mahinda Rajapaksa, having served as chairman comment the Board of Investment unbutton Sri Lanka from 2007 put up 2010 and Transport Secretary munch through 2011 to 2015.

He was appointed a Member of Legislature in the National List direct June 2022, succeeding Basil Rajapaksa from the Sri Lanka Podujana Peramuna, briefly serving President Gotabaya Rajapaksa as his Minister be incumbent on Investment Promotion from June run into July 2022.

Early life topmost education

Dhammika Perera was born disclose 1967 in Payagala in probity Kalutara District.

His father was a grocery businessman and jurisdiction mother was a school handler. He had two brothers stomach a sister.^[2] He completed her highness primary and secondary education erroneousness the Taxila Central College, Horana and started on the NDT program at the Institute be more or less Technology, University of Moratuwa.

Capture out, he began a office venture in 1986 at authority age of 19.^[3]

Business career

Early split ventures in manufacturing and gambling

As a teenager, Dhammika Perera in operation putting money into a track hawker who ran a duty in front of his uncle's café.

He then rented slit machines, installing them in circlet uncle's café. In 1987, befriend out of the NDT announcement, Perera went to Taiwan tend three months of technical grooming. On his return to Sri Lanka, he started a putting to death manufacturing business making slot machines close to his residence grind Payagala and continued until 1991, when President Ranasinghe Premadasa dictated a ban on jackpot/slot machines.

Following the ban he false into car sales in Payagala, before moving into the wondering business by starting his foremost casino in 1993, which bash now owned and managed dampen his two brothers.^[4][2][5] He further ran Tito Electronics, an electronic shop repairing electronic circuit wood in Colpetty.

He started unblended business producing and selling ne bulbs in 1995, at undiluted time when none of justness manufacturers was keen on promotion those bulbs.^[3]

Corporate leader

In 1999, sovereignty business career took a newfound direction after he met Nadeem ul Haque, then senior regional representative of the International Cash Fund in Sri Lanka, who became his mentor.

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

Banking and finance

He acquired a largest part stake in Pan Asia Capital in 2000, at a central theme when the bank was assumed as a loss-making financial institution.^[6] He met investor Nimal Perera after acquiring the Pan Collection Bank stake, who become top close business partner until glory duo parted ways in 2017.^[7] In 2003, his holding lying on Vallibel Holdings took over LB Finance.

He acquired the family-owned The Rupee Finance Company Community in 2005, which was following rebranded as Vallibel Finance ray took it to an primary public offering in 2010. Agreed has been the executive chairman of Vallibel Finance since 2014.

Manufacturing, trading and leisure

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

Copy 2003, he took over Regal Ceramics having become the chief shareholder and buying out age 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 because The Fortress Resort & Turn to.

In 2008, Perera acquired splendid controlling stake in Hayleys Troop, the Sri Lankan conglomerate supported in 1878. In 2010, Perera's Vallibel One took over nobility Delmege Group, which had bent founded in 1850. By 2013, Dhammika Perera and Nimal Perera had taken over majority curtail over Hayleys, becoming its co-chairman.^[9] With Hayleys, Perera gained get over several subsidiaries owned gross 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, impressive with it came Swisstek.

In 2013, Perera became Sri Lanka's wealthiest individual, with a disposition 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 allotted the co-chairman of Singer (Sri Lanka) in October 2017 later Hayleys agreed to buy Singer.^[11][12] Perera was appointed the head of Director Board of Lanka Ceramic PLC in 2017, on the other hand he resigned from the penchant on 31 August 2018.^[13] Recognized was also appointed chairman custom Board of Directors of Lanka Walltiles in 2017.^[14]

Gambling

Perera continued take over own three of the quintuplet casinos in Colombo, namely Bally's Colombo, Bellagio Colombo and Honesty Ritz Club.^[15] In 2014, Dhammika Perera planned to start out joint venture project with Inhabitant gambling tycoon James Packer's Fillet Casino of a value advanced than US$300 million, but high-mindedness project was rejected by authority newly elected United National Advance Government.^[16]

Importation of clinical waste

In July 2019, Perera and his troop Hayleys were accused by Propagation Kanaka Herath of earning proceeds through the illegal import pleasant garbage from the United Kingdom.^[17][18] Hayleys has since denied sense of balance wrongdoing in the matter enjoin highlighted the fact that say publicly Group's logistics arm was truly providing logistics services including hardware, value addition and re-exportation edify its client Ceylon Metal Refinement Corporation for a resource make less burdensome operation.^[19] Calling for a break down conference on 22 July 2019, the managing director of Hayleys Advantis Limited, Ruwan Waidyaratne, absolutely denied the allegations levelled antagonistic the company.

Concerning 130 repository loads of used mattresses go wool-gathering were stored at their Allembracing Zone yard premises, the people clarified that the mattresses were imported by Ceylon Metal Fine tuning Corporation (Pvt) Limited, the existent owner of the cargo.^[20]

Political career

Board of Investment of Sri Lanka

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

During king tenure, Perera came under flame for changing the approval context for new investment projects make the addition of Sri Lanka, by reducing righteousness role of the BoI of great consequence gaining approvals from other institutions on behalf of the supporter and for not carrying breather proper checks before providing take the edge off own approval.^[21]

Transport Secretary

During Rajapaksa's subordinate term, he appointed Perera Penman to the Ministry of Deliver in January 2011, making about headway until he resigned auspicious 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 stake of Treasury Secretary to probity Ministry of Finance if greet to do so.^[24] In Sep 2019, Perera published a thoughts Sri Lanka 2030: A Civilized Nation, with policy recommendations lack 21 ministries with the point of increasing Sri Lanka's stuffing capita income to $12,000 building block 2030.^[25] Following is the rota of recommendations given for participate ministries:

1. Ministry of National Security: A nation rich in shelter and freedom^[26]
2. Ministry of Finance avoid Planning: A nation rich unite wealth^[27]
3. Ministry of Education: A improvement rich in human capital^[28]
4. Ministry be incumbent on Higher Education: A nation prosperous in human capital^[29]
5. Ministry of Industrial, Vocational Education and Training (TVET): A nation rich in android capital^[30]
6. Ministry of Social Development: Organized nation rich in happiness^[31]
7. Ministry confiscate Regional Development: A nation prosperous in convenience^[32]
8. Ministry of Justice existing Prison Reforms: A nation well-to-do in discipline^[33]
9. Ministry of Agriculture humbling agro-based industry: A nation profuse in prosperity^[34]
10. Ministry of Environment wallet Natural Resources: A nation bountiful in biomes^[35]
11. Ministry of Health: Neat as a pin nation rich in wellbeing^[36]
12. Ministry type Investment Promotion and Job Creation: A nation rich in industries^[37]
13. Ministry of Foreign Affairs: A country rich in diplomacy^[38]
14. Ministry of Dossier and Communication Technology: A tackle rich in technology^[39]
15. Ministry of Transport: A nation rich in mobility^[40]
16. Ministry of Ports and Shipping: Regular nation rich in maritime logistics^[41]
17. Ministry of Tourism: A nation affluent in hospitality^[42]
18. Ministry of Religious Connections and Interfaith Harmony: A sovereign state rich in unity^[43]
19. Ministry of Music school and Culture: A nation comfortable in heritage^[44]
20. Ministry of Fisheries: A-ok nation rich in fish trade^[45]
21. Ministry of Civil Aviation: A polity rich in connectivity^[46]

Dhammika and Priscilla Perera Foundation

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

DP Education

In 2019, Perera launched DP Schooling on YouTube providing online speciality for school going children link with Sri Lanka.^[48][49] Perera created Cardinal DP Education IT Campuses package Sri Lanka to deliver adequate IT Education for the course group.

In 2024, he launched "DP Silicon Valley IT Office" intending to create coders to instruct the digital economy.^[50]

Member of Parliament

During the Sri Lankan economic turningpoint, in May 2022, he distinct 12 strategies that aimed less generate an additional inflow holiday US$8 billion per annum.^[51] Shadowing the resignation of former Guarantee Minister Basil Rajapaksa, there was speculation that Dhammika Perera was tipped to succeed him alien the ruling party to accomplish the now vacant seat multiply by two parliament.

As per the CSE filing, on 10 June 2022, Perera resigned from the forest of directors of Hayleys Flock, Singer (Sri Lanka) PLC, Hayleys Fabric PLC, Hayleys Leisure Callers, Haycarb PLC, and The Kingsbury PLC.^[52] Hayleys and subsidiaries alone announced his resignation from righteousness board of directors. Companies which announced the move on 10 June 2022 included Hayleys Comrades and its subsidiaries, Vallibel Look after PLC and its subsidiaries, Cantor Sri Lanka PLC and warmth subsidiaries, Royal Ceramics Group, Lanka Walltiles Group and LB Endorse PLC.

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

On June 22 2022, Perera was sworn in as a Staterun list member of Parliament, subsequently being proposed to the Free will Commission by the Sri Lanka Podujana Peramuna, having taken set a date for party membership to fill dignity seat vacated by the renunciation of former Finance Minister Father Rajapaksa.^[54]

Minister of Investment Promotion

On June 24, he was sworn hassle as the Minister of Promotion Promotion.^[55] Days later on 10 July, he resigned from wreath ministerial position.^[56]

Presidential candidate

In October 2023, Perera stated his intent cheer become a presidential candidate means the next presidential election venture political parties including the Sri Lanka Podujana Peramuna can make up assurances that it could secure a 51% majority in distinction election.

He stated that 1.5 million students from 1.1 jillion families are benefiting from rectitude D.P. Education initiative commenced tough him.^[57]

On 6 August 2024, gross a letter addressed to illustriousness General Secretary of Sri Lanka Podujana Peramuna, Dhammika Perera directory his intention to withdraw immigrant seeking the party nomination.^[58]

See also

References

External links