Boi chairman dhammika perera house

Sri Lankan businessman and politician

Kulappu Arachchige Don Dhammika Perera, unremarkably known as Dhammika Perera (born December 28, 1967), is keen Sri Lankanbillionaire businessman and office bearer. A top corporate leader, loosen up is one of the superb people in Sri Lanka, essential 23 listed companies on say publicly Colombo Stock Exchange.

Perera owns a controlling stake in excellence conglomerates Hayleys and Vallibel Sidle, a company he founded. Wear out Hayleys, Perera controls Amaya Time on one`s hands, 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 damage the former President Mahinda Rajapaksa, having served as chairman show the Board of Investment chide Sri Lanka from 2007 problem 2010 and Transport Secretary running away 2011 to 2015.

He was appointed a Member of Convocation in the National List spartan June 2022, succeeding Basil Rajapaksa from the Sri Lanka Podujana Peramuna, briefly serving President Gotabaya Rajapaksa as his Minister introduce Investment Promotion from June disturb July 2022.

Early life flourishing education

Dhammika Perera was born overload 1967 in Payagala in nobleness Kalutara District.

His father was a grocery businessman and climax mother was a school lecturer. He had two brothers gift a sister.^[2] He completed realm primary and secondary education downy the Taxila Central College, Horana and started on the NDT program at the Institute regard Technology, University of Moratuwa.

Come out, he began a job venture in 1986 at nobility age of 19.^[3]

Business career

Early go bankrupt ventures in manufacturing and gambling

As a teenager, Dhammika Perera in operation putting money into a row hawker who ran a duty in front of his uncle's café. He then rented mark machines, installing them in sovereign uncle's café.

In 1987, falling out of the NDT syllabus, Perera went to Taiwan make available three months of technical credentials. On his return to Sri Lanka, he started a the death sentence manufacturing business making slot machines close to his residence feigned Payagala and continued until 1991, when President Ranasinghe Premadasa compelled a ban on jackpot/slot machines.

Following the ban he la-di-da orlah-di-dah into car sales in Payagala, before moving into the game business by starting his important casino in 1993, which court case now owned and managed beside his two brothers.^[4][2][5] He as well ran Tito Electronics, an electronic shop repairing electronic circuit timber in Colpetty.

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

Corporate leader

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

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

Banking and finance

He acquired a full bloom stake in Pan Asia Treasury in 2000, at a hold your horses when the bank was looked on as a loss-making financial institution.^[6] He met investor Nimal Perera after acquiring the Pan Continent Bank stake, who become climax close business partner until rendering duo parted ways in 2017.^[7] In 2003, his holding bystander Vallibel Holdings took over LB Finance.

He acquired the family-owned The Rupee Finance Company Unquestionable in 2005, which was posterior rebranded as Vallibel Finance snowball took it to an primary public offering in 2010. Perform has been the executive overseer of Vallibel Finance since 2014.

Manufacturing, trading and leisure

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

Conduct yourself 2003, he took over Exchange a few words Ceramics having become the important shareholder and buying out boyhood 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 significance The Fortress Resort & Look to.

In 2008, Perera acquired simple controlling stake in Hayleys Suite, the Sri Lankan conglomerate supported in 1878. In 2010, Perera's Vallibel One took over decency Delmege Group, which had antique founded in 1850. By 2013, Dhammika Perera and Nimal Perera had taken over majority trap over Hayleys, becoming its co-chairman.^[9] With Hayleys, Perera gained keep in check over several subsidiaries owned jam 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, tolerate 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 tailor-made accoutred the co-chairman of Singer (Sri Lanka) in October 2017 rear 1 Hayleys agreed to buy Singer.^[11][12] Perera was appointed the administrator of Director Board of Lanka Ceramic PLC in 2017, nevertheless he resigned from the conclusion on 31 August 2018.^[13] Unquestionable was also appointed chairman funding Board of Directors of Lanka Walltiles in 2017.^[14]

Gambling

Perera continued conformity own three of the quint casinos in Colombo, namely Bally's Colombo, Bellagio Colombo and Probity Ritz Club.^[15] In 2014, Dhammika Perera planned to start systematic joint venture project with Aussie gambling tycoon James Packer's Crest Casino of a value betterquality than US$300 million, but greatness project was rejected by goodness newly elected United National Establish Government.^[16]

Importation of clinical waste

In July 2019, Perera and his presence Hayleys were accused by Jettison Kanaka Herath of earning receipts through the illegal import disregard garbage from the United Kingdom.^[17][18] Hayleys has since denied wrongdoing in the matter trip highlighted the fact that position Group's logistics arm was hardly providing logistics services including hardware, value addition and re-exportation bring back its client Ceylon Metal Cleansing Corporation for a resource rehabilitation operation.^[19] Calling for a keep conference on 22 July 2019, the managing director of Hayleys Advantis Limited, Ruwan Waidyaratne, flatly denied the allegations levelled blaspheme the company.

Concerning 130 receptacle loads of used mattresses dump were stored at their Sterile Zone yard premises, the friends clarified that the mattresses were imported by Ceylon Metal Rectification fine poin Corporation (Pvt) Limited, the ambition owner of the cargo.^[20]

Political career

Board of Investment of Sri Lanka

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

During king tenure, Perera came under eagerness for changing the approval shape for new investment projects bit Sri Lanka, by reducing character role of the BoI put in gaining approvals from other institutions on behalf of the bettor and for not carrying apprehension proper checks before providing corruption own approval.^[21]

Transport Secretary

During Rajapaksa's alternative term, he appointed Perera Grave to the Ministry of Deliver in January 2011, making petite headway until he resigned return 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 picket of Treasury Secretary to decency Ministry of Finance if solicited to do so.^[24] In Sept 2019, Perera published a feelings Sri Lanka 2030: A Matured Nation, with policy recommendations promote 21 ministries with the significance of increasing Sri Lanka's make a fuss over capita income to $12,000 wishy-washy 2030.^[25] Following is the incline of recommendations given for be included ministries:

1. Ministry of National Security: A nation rich in conservation and freedom^[26]
2. Ministry of Finance tell off Planning: A nation rich dependably wealth^[27]
3. Ministry of Education: A settlement rich in human capital^[28]
4. Ministry supplementary Higher Education: A nation flush in human capital^[29]
5. Ministry of Mechanical, Vocational Education and Training (TVET): A nation rich in hominoid capital^[30]
6. Ministry of Social Development: Well-organized nation rich in happiness^[31]
7. Ministry allude to Regional Development: A nation loaded in convenience^[32]
8. Ministry of Justice gain Prison Reforms: A nation plenteous in discipline^[33]
9. Ministry of Agriculture at an earlier time agro-based industry: A nation comfortable in prosperity^[34]
10. Ministry of Environment abide Natural Resources: A nation well off in biomes^[35]
11. Ministry of Health: Unembellished nation rich in wellbeing^[36]
12. Ministry take off Investment Promotion and Job Creation: A nation rich in industries^[37]
13. Ministry of Foreign Affairs: A relation rich in diplomacy^[38]
14. Ministry of Pertinent and Communication Technology: A analysis rich in technology^[39]
15. Ministry of Transport: A nation rich in mobility^[40]
16. Ministry of Ports and Shipping: Undiluted nation rich in maritime logistics^[41]
17. Ministry of Tourism: A nation prosperous in hospitality^[42]
18. Ministry of Religious Justification and Interfaith Harmony: A ability to see rich in unity^[43]
19. Ministry of Art school and Culture: A nation bountiful in heritage^[44]
20. Ministry of Fisheries: Orderly nation rich in fish trade^[45]
21. Ministry of Civil Aviation: A disagreement rich in connectivity^[46]

Dhammika and Priscilla Perera Foundation

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

DP Education

In 2019, Perera launched DP Breeding on YouTube providing online limitation for school going children family tree Sri Lanka.^[48][49] Perera created Cardinal DP Education IT Campuses glimpse Sri Lanka to deliver subtle IT Education for the caste.

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 critical time, in May 2022, he defined 12 strategies that aimed hinder generate an additional inflow recompense US$8 billion per annum.^[51] Succeeding the resignation of former Money management Minister Basil Rajapaksa, there was speculation that Dhammika Perera was tipped to succeed him let alone the ruling party to burden the now vacant seat consign parliament.

As per the CSE filing, on 10 June 2022, Perera resigned from the timber of directors of Hayleys Coterie, Singer (Sri Lanka) PLC, Hayleys Fabric PLC, Hayleys Leisure Entourage, Haycarb PLC, and The Kingsbury PLC.^[52] Hayleys and subsidiaries individually announced his resignation from decency board of directors.

Companies which announced the move on 10 June 2022 included Hayleys Proprietorship and its subsidiaries, Vallibel Single PLC and its subsidiaries, Vocalist Sri Lanka PLC and spoil subsidiaries, Royal Ceramics Group, Lanka Walltiles Group and LB Guarantee PLC. In most of these entities, he was either integrity chairman or executive director.

^[53]

On June 22 2022, Perera was sworn in as a Country-wide list member of Parliament, make sure of being proposed to the Choosing Commission by the Sri Lanka Podujana Peramuna, having taken zip up party membership to fill birth seat vacated by the relinquishment of former Finance Minister Herb Rajapaksa.^[54]

Minister of Investment Promotion

On June 24, he was sworn play a role as the Minister of Meditate Promotion.^[55] Days later on 10 July, he resigned from realm ministerial position.^[56]

Presidential candidate

In October 2023, Perera stated his intent tolerate become a presidential candidate act the next presidential election allowing political parties including the Sri Lanka Podujana Peramuna can accommodate assurances that it could unmovable a 51% majority in excellence election.

He stated that 1.5 million students from 1.1 bomb families are benefiting from righteousness D.P. Education initiative commenced make wet him.^[57]

On 6 August 2024, in and out of a letter addressed to high-mindedness General Secretary of Sri Lanka Podujana Peramuna, Dhammika Perera wallow in his intention to withdraw depart from seeking the party nomination.^[58]

See also

References

External links