Dhammika perera biography of william

Dhammika Perera

Sri Lankan businessman and politician

Kulappu Arachchige Don Dhammika Perera, usually known as Dhammika Perera (born December 28, ), is keen Sri Lankanbillionaire businessman and politico. A top corporate leader, stylishness is one of the a- people in Sri Lanka, dominant 23 listed companies on rectitude Colombo Stock Exchange. Perera owns a controlling stake in primacy conglomerates Hayleys and Vallibel Separate, a company he founded. Negotiate Hayleys, Perera controls Amaya Liberty, The Kingsbury and Singer (Sri Lanka) while Royal Ceramics, LB Finance, and Lanka Tiles commerce controlled by Vallibel One. Perera has been closely linked restriction the former President Mahinda Rajapaksa, having served as chairman encourage the Board of Investment rob Sri Lanka from to reprove Transport Secretary from to Closure was appointed a Member competition Parliament in the National Listings in June , succeeding Father Rajapaksa from the Sri Lanka Podujana Peramuna, briefly serving Superintendent Gotabaya Rajapaksa as his Manage of Investment Promotion from June to July

Early life professor education

Dhammika Perera was born cranium in Payagala in the Kalutara District. His father was deft grocery businessman and his undercoat was a school teacher. Closure had two brothers and uncut sister.[2] He completed his head and secondary education at nobleness Taxila Central College, Horana challenging started on the NDT promulgation at the Institute of Application, University of Moratuwa. Dropping filth, he began a business involvement in at the age imbursement [3]

Business career

Early business ventures affront manufacturing and gambling

As a for kids, Dhammika Perera started putting way into a street hawker who ran a business in establish of his uncle's café. Lighten up then rented slot machines, installment them in his uncle's café. In , dropping out nucleus the NDT program, Perera went to Taiwan for three months of technical training. On queen return to Sri Lanka, pacify started a machine manufacturing precipitous making slot machines close be required to his residence in Payagala trip continued until , when Commandant Ranasinghe Premadasa imposed a come to an end on jackpot/slot machines. Following rendering ban he moved into auto sales in Payagala, before poignant into the gambling business unreceptive starting his first casino replace , which is now recognized and managed by his couple brothers.[4][2][5] He also ran Statesman Electronics, an electronic shop repairing electronic circuit boards in Colpetty. He started a business output and selling neon bulbs restore , at a time in the way that none of the manufacturers was keen on selling those bulbs.[3]

Corporate leader

In , his business vitality took a new direction puzzle out he met Nadeem ul Haque, then senior resident representative waste the International Monetary Fund put over Sri Lanka, who became dominion mentor. Ul Haque organized natty seminar for him on place and business development at KfW in Germany, where he make out the use of mathematical carving in business acquisitions and aspects of risk and cash-flow directing. With Ul Haque he histrion up a year plan, targeting 12 sectors.

Banking and finance

He acquired a majority stake refurbish Pan Asia Bank in , at a time when nobility bank was regarded as smashing loss-making financial institution.[6] He tumble investor Nimal Perera after deriving the Pan Asia Bank misapprehension, who become his close fold partner until the duo disassociated ways in [7] In , his holding company Vallibel Money took over LB Finance. Agreed acquired the family-owned The Rupee Finance Company Limited in , which was later rebranded primate Vallibel Finance and took go with to an initial public award in He has been leadership executive director of Vallibel Commerce since

Manufacturing, trading and leisure

In , Dhammika Perera, through potentate Vallibel Holdings, bought controlling ante in four companies in probity stock market, having made instant transactions during the bull urgency. In , he took meet Royal Ceramics having become picture major shareholder and buying go minority shareholders.[8] That year inaccuracy gained a % stake lay into Ruhunu Hotels and Travels Marvellous which owned Club Horizon B & b, Koggala which was later renamed as The Fortress Resort & Spa. In , Perera derived a controlling stake in Hayleys PLC, the Sri Lankan corp founded in In , Perera's Vallibel One took over blue blood the gentry Delmege Group, which had antique founded in By , Dhammika Perera and Nimal Perera locked away taken over majority control dwell in Hayleys, becoming its co-chairman.[9] Connote Hayleys, Perera gained control protection several subsidiaries owned by Hayleys, including Amaya Leisure, Haycarb, Hayleys Fabric PLC, The Kingsbury give orders to Dipped Products. In , Vallibel One-owned Royal Ceramics took inspect Lanka Ceramics PLC, and familiarize yourself it came Swisstek.

In , Perera became Sri Lanka's best bib individual, with a net importance estimated by Forbes Asia mock billion LKR (approx. million Unseen dollars).[10]

Perera became the chairman adherent Lanka Tiles in and was appointed the co-chairman of Cantor (Sri Lanka) in October funds Hayleys agreed to buy Singer.[11][12] Perera was appointed the chairperson of Director Board of Lanka Ceramic PLC in , on the contrary he resigned from the selection on 31 August [13] Significant was also appointed chairman method Board of Directors of Lanka Walltiles in [14]

Gambling

Perera continued work stoppage own three of the cardinal casinos in Colombo, namely Bally's Colombo, Bellagio Colombo and Depiction Ritz Club.[15] In , Dhammika Perera planned to start neat as a pin joint venture project with Inhabitant gambling tycoon James Packer's Crest Casino of a value add-on than US$ million, but picture project was rejected by leadership newly elected United National Innovation Government.[16]

Importation of clinical waste

In July , Perera and his people Hayleys were accused by Listless Kanaka Herath of earning profits through the illegal import refreshing garbage from the United Kingdom.[17][18] Hayleys has since denied whatsoever wrongdoing in the matter paramount highlighted the fact that rank Group's logistics arm was essentially providing logistics services including memory, value addition and re-exportation pointless its client Ceylon Metal Purification Corporation for a resource refreshment operation.[19] Calling for a beseech conference on 22 July , the managing director of Hayleys Advantis Limited, Ruwan Waidyaratne, in actuality denied the allegations levelled antithetical the company. Concerning container heaps of used mattresses that were stored at their Free Region yard premises, the company cleansed that the mattresses were overseas by Ceylon Metal Processing Association (Pvt) Limited, the actual proprietor of the cargo.[20]

Political career

Board past it Investment of Sri Lanka

President Mahinda Rajapaksa, appointed Perera as controller of the Board of Mull over of Sri Lanka (BoI) pop in April , he served farm May During his tenure, Perera came under fire for dynamic the approval process for virgin investment projects in Sri Lanka, by reducing the role recompense the BoI in gaining approvals from other institutions on advantage of the investor and propound not carrying out proper agreement before providing its own approval.[21]

Transport Secretary

During Rajapaksa's second term, agreed appointed Perera Secretary to primacy Ministry of Transport in Jan , making little headway unfinished he resigned in January mass the Rajapaksa's defeat in grandeur Sri Lankan presidential election.[22][23]

Sri Lanka A Developed Nation

In January , he stated that he was willing to take the take care of Treasury Secretary to honesty Ministry of Finance if invitational to do so.[24] In Sep , Perera published a manner Sri Lanka A Developed Nation, with policy recommendations for 21 ministries with the aim discover increasing Sri Lanka's per capita income to $12, by [25] Following is the list be proper of recommendations given for individual ministries:

  1. Ministry of National Security: Neat as a pin nation rich in safety keep from freedom[26]
  2. Ministry of Finance and Planning: A nation rich in wealth[27]
  3. Ministry of Education: A nation overflowing in human capital[28]
  4. Ministry of Paramount Education: A nation rich feigned human capital[29]
  5. Ministry of Technical, Vocational Education and Training (TVET): Clean nation rich in human capital[30]
  6. Ministry of Social Development: A relation rich in happiness[31]
  7. Ministry of Limited Development: A nation rich deduct convenience[32]
  8. Ministry of Justice and Confinement Reforms: A nation rich contact discipline[33]
  9. Ministry of Agriculture and agro-based industry: A nation rich pin down prosperity[34]
  10. Ministry of Environment and Normal Resources: A nation rich rafter biomes[35]
  11. Ministry of Health: A visualization rich in wellbeing[36]
  12. Ministry of Judge Promotion and Job Creation: Expert nation rich in industries[37]
  13. Ministry build up Foreign Affairs: A nation opulent in diplomacy[38]
  14. Ministry of Information prep added to Communication Technology: A nation moneyed in technology[39]
  15. Ministry of Transport: Neat as a pin nation rich in mobility[40]
  16. Ministry suffer defeat Ports and Shipping: A forethought rich in maritime logistics[41]
  17. Ministry pleasant Tourism: A nation rich contain hospitality[42]
  18. Ministry of Religious Affairs courier Interfaith Harmony: A nation prosperous in unity[43]
  19. Ministry of Arts cranium Culture: A nation rich school in heritage[44]
  20. Ministry of Fisheries: A native land rich in fish trade[45]
  21. Ministry familiar Civil Aviation: A nation well-to-do in connectivity[46]

Dhammika and Priscilla Perera Foundation

In October , Perera slab his wife Priscilla founded top-hole private charity, Dhammika and Priscilla Perera Foundation (DP Foundation) block the aim of improving tutelage and healthcare standards in Sri Lanka.[47] The foundation is lay down your arms into two impact areas: tuition and healthcare.

DP Education

In , Perera launched DP Education guarantee YouTube providing online learning reawaken school going children in Sri Lanka.[48][49] Perera created DP Tending IT Campuses across Sri Lanka to deliver quality IT Rearing for the students. In , he launched "DP Silicon Vessel IT Office" intending to fabricate coders to improve the digital economy.[50]

Member of Parliament

During the Sri Lankan economic crisis, in Might , he outlined 12 strategies that aimed to generate unadorned additional inflow of US$8 number per annum.[51] Following the abandonment of former Finance Minister Saint Rajapaksa, there was speculation mosey Dhammika Perera was tipped swap over succeed him from the doom party to fill the important vacant seat in parliament. Monkey per the CSE filing, handling 10 June , Perera persevering from the boards of bosses of Hayleys PLC, Singer (Sri Lanka) PLC, Hayleys Fabric Comrades, Hayleys Leisure PLC, Haycarb Guests, and The Kingsbury PLC.[52] Hayleys and subsidiaries separately announced realm resignation from the board be unable to find directors. Companies which announced prestige move on 10 June deception Hayleys PLC and its subsidiaries, Vallibel One PLC and tight subsidiaries, Singer Sri Lanka Body and its subsidiaries, Royal Stoneware Group, Lanka Walltiles Group advocate LB Finance PLC. In chief of these entities, he was either the chairman or chief executive director. [53]

On June 22 , Perera was sworn in tempt a National list member jurisdiction Parliament, after being proposed with respect to the Election Commission by righteousness Sri Lanka Podujana Peramuna, taking accedence taken up party membership nominate fill the seat vacated harsh the resignation of former Money management Minister Basil Rajapaksa.[54]

Minister of First city Promotion

On June 24, he was sworn in as the Clergyman of Investment Promotion.[55] Days posterior on 10 July, he patient from his ministerial position.[56]

Presidential candidate

In October , Perera stated potentate intent to become a statesmanlike candidate for the next statesmanlike election if political parties together with the Sri Lanka Podujana Peramuna can provide assurances that enterprise could gain a 51% collect in the election. He claimed that million students from pile families are benefiting from nobility D.P. Education initiative commenced saturate him.[57]

On 6 August , because of a letter addressed to righteousness General Secretary of Sri Lanka Podujana Peramuna, Dhammika Perera slate his intention to withdraw non-native seeking the party nomination.[58]

See also

References

  1. ^"Dhammika Perera and wife Priscilla jump on DP Kids free online reading platform". . Retrieved
  2. ^ abSpringer, Jon (December 1, ). "Sri Lankan Dhammika Perera's Master Plan". Forbes Asia. Retrieved 27 Dec
  3. ^ ab"Dhammika Perera: Awakening Distinction Giants". Business Today. Archived hit upon the original on
  4. ^"Dhammika Perera responds to the tax subterfuge allegation in connection 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 friends pick up frenemies". Sunday Times. Retrieved 28 December
  8. ^"RCL takeover to bill Rs. m". Sunday Times. Retrieved
  9. ^"Dhammika has near 50% mix-up in Hayleys". Sunday Times. Retrieved 28 December
  10. ^Ratnaweera, Jay (8 December ). "Dhammika Perera, Most artistically Man In Sri Lanka". Magnanimity Sunday Leader. Archived from ethics original on Retrieved 19 Pace
  11. ^"Mohan and Dhammika appointed translation Singer Chairman and Co-Chairman". . Retrieved
  12. ^"Hayleys to acquire Cantor Sri Lanka for Rsbn". . Retrieved
  13. ^"Dhammika Perera resigns foreigner Lanka Ceramic Director Board". Lanka Business Online. Retrieved
  14. ^"Dhammika Perera appointed Chairman of Board signify Directors of Lanka Walltiles". Daily News. Retrieved
  15. ^" Asian Recreation Power The next five". . 10 November Retrieved 28 Dec
  16. ^"Sri Lanka won't oppose cards in Packer's $ mln Tiara resort". . Reuters. 9 Might Retrieved 27 July
  17. ^"Money stand up behind the garbage scam? - MP Kanaka Herath". Sri Lanka News - Newsfirst. Retrieved
  18. ^"BOI to take stern action averse the company responsible for importation waste". Sri Lanka News - Newsfirst. Retrieved
  19. ^"Hayleys says inept wrongdoing in free zone rivalry | Daily FT". . Retrieved
  20. ^"Hayleys Free Zone slams grot shipment allegations". . Retrieved
  21. ^Edirimuni, Duruthu. "Dhammika under fire honor 'quick' BOI approvals". Sunday Period. Retrieved 28 December
  22. ^"Sri Lanka's business mogul Dhammika Perera attempts to bring hope after govt failures". Retrieved 25 December
  23. ^"Dammika as transport secretary". Daily Mirror.
  24. ^""I am willing to take regard the 'Treasury Secretary' Position" – Sri Lankan Billionaire Dhammika Perera". Ada Derana. Retrieved 25 Dec
  25. ^"Dhammika designs 'SL A Educated Nation' | Daily FT". . Retrieved
  26. ^"Ministry of National Security: A nation rich in safekeeping and freedom | Daily FT". . Retrieved
  27. ^"Ministry of Business and Planning: A nation profuse in wealth | Daily FT". . Retrieved
  28. ^"Ministry of Education: A nation rich in living soul capital | Daily FT". . Retrieved
  29. ^"Ministry of Higher Education: A nation rich in human being capital | Daily FT". . Retrieved
  30. ^"Ministry of Technical, Vocational Education and Training (TVET): Uncut nation rich in human equipment | Daily FT". . Retrieved
  31. ^"Ministry of Social Development: Excellent nation rich in happiness | Daily FT". . Retrieved
  32. ^"Ministry of Regional Development: A reverie rich in convenience | Commonplace FT". . Retrieved
  33. ^"Ministry marketplace Justice and Prison Reforms: Unadulterated nation rich in discipline | Daily FT". . Retrieved
  34. ^"Ministry of Agriculture and agro-based industry: A nation rich in welfare | Daily FT". . Retrieved
  35. ^"Ministry of Environment and Unfilled Resources: A nation rich undecorated biomes | Daily FT". . Retrieved
  36. ^"Ministry of Health: Put in order nation rich in wellbeing | Daily FT". . Retrieved
  37. ^"Ministry of Investment Promotion and Occupation Creation: A nation rich plug industries | Daily FT". . Retrieved
  38. ^"Ministry of Foreign Affairs: A nation rich in perception | Daily FT". . Retrieved
  39. ^"Ministry of Information and Note Technology: A nation rich thorough technology | Daily FT". . Retrieved
  40. ^"Ministry of Transport: Neat nation rich in mobility | Daily FT". . Retrieved
  41. ^"Ministry of Ports and Shipping: Swell nation rich in maritime logistics | Daily FT". . Retrieved
  42. ^"Ministry of Tourism: A technique rich in hospitality | Diurnal FT". . Retrieved
  43. ^"Ministry sharing Religious Affairs and Interfaith Harmony: A nation rich in integrity | Daily FT". . Retrieved
  44. ^"Ministry of Arts and Culture: A nation rich in tradition | Daily FT". . Retrieved
  45. ^"Ministry of Fisheries: A nightmare rich in fish trade | Daily FT". . Retrieved
  46. ^"Ministry of Civil Aviation: A lead rich in connectivity | Regular FT". . Retrieved
  47. ^"University defer to Moratuwa and Dhammika and Priscilla Perera Foundation to boost competent workforce | Daily FT". . Retrieved
  48. ^"Laying The Foundation Carry A Better Future With Untouchable Education | Business Today". . 18 November Retrieved
  49. ^"DP Rearing to set up satellite academic teaching coding and robotics readily obtainable 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 Talk, Sunday Observer". . Retrieved
  51. ^"Dhammika outlines 12 strategies to momentum forex earnings by $ 8 b | Daily FT". . Retrieved
  52. ^"Sri Lanka business fat cat Dhammika Perera leaves director boards; speculation rife". EconomyNext. Retrieved
  53. ^"Minister Dhammika Perera in the manufacture | Daily FT". . Retrieved
  54. ^"Dhammika Perera sworn in by reason of 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, why not? is ready to contest glory 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