Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» Will ACME touch the peak in this week.?
by sanjulanka Today at 1:07 pm

» Look PAP Amazing company
by Nuwan Samarawickrama Today at 12:29 pm

by EquityChamp Today at 9:36 am

» Plantation sector
by EquityChamp Today at 9:31 am

» CBSL to reduce lending rates further to help SMEs
by EquityChamp Today at 6:54 am

by EquityChamp Today at 6:49 am

» Time for BFN -ACME - LDEV -BALA
by EquityChamp Today at 6:47 am

» Guys Look for DPL@5.20
by fireshelter Yesterday at 10:53 pm

» LLUB Pattern reversed. Good buy @60, target +20%
by EquityChamp Yesterday at 8:37 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 8:33 pm

» Look APLA its trending to 98LKR
by EquityChamp Yesterday at 11:56 am

» SLTL should touch 30/-
by Teller Sat Jul 20, 2019 9:29 pm

» Sri Lanka Dialog Axiata net profits up 21-pct in June quarter
by EquityChamp Sat Jul 20, 2019 9:14 pm

» RCL.N0000 - Trading at a discounted prcice.
by EquityChamp Sat Jul 20, 2019 9:07 pm

» SFIN.N will hit Rs 15.50 today
by Teller Sat Jul 20, 2019 5:15 am

by Yahapalanaya Fri Jul 19, 2019 9:34 pm

» AEL lovers good news..Rusi again back on the track to AEL....
by samansilva Fri Jul 19, 2019 12:25 pm

» TKYO.X0000 will it move furthur?
by MarketRambo Fri Jul 19, 2019 10:24 am

» Softlogic Eyes Asia, Africa For Expansion
by Capton KIng Cool Fri Jul 19, 2019 9:02 am

» Tommorow's winning encounters
by Winner123 Thu Jul 18, 2019 9:19 pm

» lOFC definitely will hit 6/-
by fireshelter Thu Jul 18, 2019 5:29 pm

» BFN BFN BFN ගොන් කම අත ඇරල ටික කාලයක් අල්ලන් හිටියනම් ඔක්කොමලා ගොඩ BFN BFN BUY AND HOLD -
by sanjulanka Thu Jul 18, 2019 3:38 pm

» Market will test 4700
by Promoney Thu Jul 18, 2019 10:38 am

» NEXT RUN People's leasing and Finance WAIT AND WATCH ENJOY RIDE..
by karuna2 Thu Jul 18, 2019 1:07 am

» SFIN.N will be the next bull run
by Bakka1988 Wed Jul 17, 2019 4:33 pm

» Next super star SINGER FINANCE..
by samansilva Wed Jul 17, 2019 9:49 am

» LOFC -XR big transaction
by Promoney Tue Jul 16, 2019 10:03 am

» Momentum will begin after 5400
by prabath Tue Jul 16, 2019 8:12 am

» WATA future looks good
by Teller Tue Jul 16, 2019 3:36 am

» RICH is not bad @ 9/-
by Teller Tue Jul 16, 2019 3:33 am

» NEXT GEM.. HNB Non voting (HNB X)..
by samansilva Sat Jul 13, 2019 11:20 pm

» LIOC upward curve
by samansilva Sat Jul 13, 2019 11:17 pm

by samansilva Sat Jul 13, 2019 10:15 am

» No Confidance motion against the Government was defeted by 119 and 92 against. 13 Absent
by Capton KIng Cool Fri Jul 12, 2019 9:28 am

» Contact us for your bank instruments such as SBLC/BG/LC/MTN 100% Protected
by summitplc Thu Jul 11, 2019 10:04 pm

» Contact us for your bank instruments such as SBLC/BG/LC/MTN 100% Protected
by summitplc Thu Jul 11, 2019 10:00 pm

by Nuwan Samarawickrama Thu Jul 11, 2019 9:58 pm

» Today JVP's No confidance motation in the Parliment is Very cruicial .WHY?
by Yahapalanaya Thu Jul 11, 2019 9:33 pm

» Sri Lanka’s Royal Ceramics group expands contract manufacture in India
by shameen Thu Jul 11, 2019 11:53 am

» CIND , 10% guaranteed return
by Teller Thu Jul 11, 2019 2:45 am

» BUY AEL Few crossings on the way..
by rukshan1234 Wed Jul 10, 2019 11:51 pm

» Unisyst Engineering Known as(Alufab) have annouced a right issue
by Capton KIng Cool Tue Jul 09, 2019 3:43 pm

» what is the future of KHL (JOHN KEELES HOTELS)
by shameen Tue Jul 09, 2019 1:48 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Harry Jayawardena is the best expert to ‘Turnaround’ SriLankan Airlines – Dhammika

Harry Jayawardena is the best expert to ‘Turnaround’ SriLankan Airlines – Dhammika

Go down  Message [Page 1 of 1]


Stock Analytic
Stock Analytic

News from:
January, 16, 2019

Harry Jayawardena is the best expert to ‘Turnaround’ SriLankan Airlines – Dhammika Harry-SriLankan
Harry Jayawardena is the best expert to turnaround Sri Lankan Airlines according to business leader and billionaire Dhammika Perera’s observations. Speaking at Derana 360 Monday Billionaire Dhammika Perera said that during the time when another Billionaire Harry Jayawardena served as the Chairman of Sri Lankan Airlines the airlines was not making huge losses and the authorities kept appointing various Chairman that had not proved that they could do the job.
Billionaire Dhammika Perera when asked on whether State owned enterprises could be brought backed to profit said “The only expert to turn around enterprises such as SriLankan Airlines could be Harry Jayawardena. During the time he was Chairman it never made huge losses, but without keeping him as the Chairman they have appointed various people as Chairman.”
“It is like how a plane is not given to a pilot but to a bus driver to run” Dhammika Perera said. However according to reports Harry Jayawardena who is not been a pilot by profession told reporters earlier in 2012 at a time when he was opening the head office for Melsta Regal Finance (Now owned by a different consortium after a sale in April 2018) that he started his career as a Tea Boy at a British owned tea firm in an office closed to Park Street and Baybrook place in Colombo 02. He has earlier taken over country’s largest state owned insurer Sri Lanka Insurance but later it was reversed by a judicial verdict and according to several media reports in past and analysts Harry Jayawardena has became a Liquor Baron after a hostile takeover of country’s largest distillery - Distilleries Companies of Sri Lanka (DCSL) in the past controls another distillery Periceyl (Pvt) Ltd. and a larger Milk Producer in the country – Lanka Milk Foods, Plantations, a travel, leisure, logistics and a hotelier group Aitken Spence, only Sri Lankan completely owned telco operator Lanka Bell under Melstacorp (which was earlier named as Beruwala Distilleries) and Milford Exports and Stassen Exports groups. Jayawardena also indirectly controls country’s largest three licensed commercial banks Commercial Bank, Hatton National Bank and DFCC Bank via cross shareholdings through his business empire of subsidiaries and Sri Lanka’s Financial Market Regulator Central Bank lead Monetary Board in past brought in rules for ownership limits of Licensed Commercial bank ownership when Harry Jayawardena owned business empire was virtually controlling ownership of several Licensed Commercial Banks in the country.
On the other hand Sri Lanka’s Billionaire Dhammika Perera – is Sri Lanka's leading Casino and Finance Mogul who has investments in three Casino Licenses, three Finance Companies, two licensed commercial banks and country’s two largest colonial era conglomerates - Hayleys and Singer and also owns Vallibel One group that controls ownership of key hotel properties in the country.
According to analysts, in Sri Lanka's 70 year post independence era owning a controlling stake in a bank or a finance company had enabled several businessmen who had become billionaires to be provided with unlimited access for credit to start new ventures and businesses and had provided opportunities to bailout or takeover ailing business of others. Further according to experts of financial and business world having a Central Bank, Commercial Bank, Insurance Company or a Current Account is the only way to create money whilst owning a Casino can help to move wealth from another to Casino owner that could diverse into many business ventures. In the latest history of the world Casino Mogul and a Real Estate Mogul Donald Trump became world's largest Economy - United States of America's President whilst in Sri Lanka several Billionaires or Millionaire in last seven decades had ventured into several other businesses in a fast phase after they either reached political influential level of becoming a consultant to a politician, or campaign funding or then having a position in a state owned business or a government ministry.
Speaking to Derana 360 again Dhammika Perera further affirmed his willingness to take up the country’s most influential position in the Government’s ‘Policy Maker’ level if invited – which is the ‘Position’ of Treasury Secretary to the Ministry of Finance.
- Reporting by Devendra Francis

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum