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India, Pakistan, and the UK. One of the EDB's notable achievements during his tenure at the EDB, was hosting Sri Lanka's largest Export, Investment, and
Tourism symposium, EXPO 2012 that gave Sri Lankan exporters a platform to showcase their products to both potential foreign and local clients. Rallying many exporters together, he successfully managed to attract over 1000 delegates including several trade and commerce ministers from Israel, India, Pakistan and the Maldives to name a few With Sri Lanka still looking for a second branded export after Ceylon Tea, the EDB ensured that Sri Lanka secured a head-start with Ceylon Cinnamon which was registered and patented in all economically strategic locations worldwide as "Pure Ceylon Cinnamon" Along with the EDB, Janaka Ratnayake was tasked with serving on the board the Sri Lanka Gem and Jewellery Authority.
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finance company in Sri Lanka), City
Housing and Real Estate PLC (the oldest real estate company in Sri Lanka), Asian Finance PLC, Standard Credit, Ceylinco Savings Bank, Finance & Guarantee, Ceylinco Building Society, Fingara Country Club, Ceylinco Sussex Network of Colleges (the largest private school network in Sri Lanka) and ABC Insurance Ltd. In order to further strengthen the financial stability of the banking sector, MBSL acquired the Ceylinco Savings Bank (now MBSL Savings Bank) and ABC Insurance Company (now MBSL Insurance) with an infusion of capital.
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areas of
Colombo, and immediately diversified into the Commercial Property sector with very strategic acquisitions of historically significant buildings such as the Dasa Building in Borella. Trillium made its move into the luxury hospitality sector with the Trillium Hotel Colombo. Valued at $ 4.5 million, the Trillium Hotel Colombo is based in one of the most affluent parts of Colombo and is categorised as boutique city hotel.
203:
and finance industry. However, this was done within a time of economic recession (2008/2009) where Sri Lanka saw the collapse of one of the largest conglomerates, the
Ceylinco Group collapse causing much damage to the financial stability. Most of the financial institutions under the Ceylinco Group faced a high risk of collapsing due to the withdrawal of money by depositors and investors.
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appointment, the PUCSL approved Sri Lanka's largest power plant in over a decade, which will contribute 300MW to the national grid. Subsequently, the PUCSL launched the first phase of its program to provide
National Vocational Qualification (NVQ 3 Level) free to trained electricians islandwide in March 2021 with the aim of qualifying 45,000 electricians within the next two years.
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In the year 2010, Janaka was appointed as the chairman and chief executive officer of the apex body for promoting the Export Sector - the Export
Development Board of Sri Lanka (EDB). During his term at EDB he successfully restored many international trade related ties between countries such as Japan,
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In 2008, he was appointed the chairman of
Merchant Bank of Sri Lanka (MBSL) a financial services provider in Sri Lanka specialising in trade finance and investment banking. He was instrumental in leading an expansion strategy aimed at improving the banks strength within diverse sectors of the banking
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During his tenure as the
Chairman of Merchant Bank of Sri Lanka, he restructured and rehabilitated many of the financially distressed companies under the Ceylinco Group. MBSL took the responsibility of restructuring and reviving many financial institutions such as The Finance Company PLC (the oldest
172:
Janaka
Ratnayake entered into the real estate industry with Trillium Property Management and Services Limited which was valued by PriceWaterHouseCoopers at Rs. 1.7 Billion in 2016. The company began its operations by entering the luxury residential market with key properties in the most affluent
245:
In the year 2021, Janaka was appointed as the
Chairman of the Public Utilities Commission of Sri Lanka. Amidst rumors of an apparent abolishment of the commission, he was tasked with reinstating the importance of this entity as a power and water regulator. Within the first few months of his
138:
in the late 80s when he was briefly imprisoned for taking part in student activism activities. He graduated with a BSc Special degree in Public Administration from the University of Sri Jayewardenepura, gained a Master of Business Studies (MBS) from the
109:
from 2021 until he was ousted in 2023. He is the former chairman and chief executive of Export Development Board of Sri Lanka (EDB), Merchant Bank of Sri Lanka (MBSL), Merchant Credit Sri Lanka (MCSL), MBSL Savings Bank, and MBSL Insurance.
133:
in 1990. During his time as an undergraduate, he was able to obtain a scholarship to Moscow gaining a Diploma in Russian Language and International Relations from Russia. Janaka's graduation with his undergraduate degree was delayed during the
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In 1993, Ratnayake ventured into the information technology industry as an entrepreneur, with his pilot project, Computer Island Group Pvt Ltd (CIL) which won him the award for Entrepreneur of the Year in the year 2000.
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102:
is a Sri Lankan businessman currently serving as the Chairman of Trillium Property Management and Services Ltd, City Housing and Real Estate PLC, Trillium Residencies Pvt Ltd, and Rent A Comp Pvt Ltd.
1604:
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and during his tenure at Merchant Bank of Sri Lanka (MBSL), Ratnayake was able to attend a University of Harvard Executive Education program “Making Corporate Boards Effective”.
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Speaking at opening day press conference of the Expo2012 in Sri Lanka. Seated besides Former Minister Rishard Bathiudeen and the Former Minister for Economic Development.
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and moved on to working within sales and the information technology sector by joining Computer Link Pvt Ltd. and then later Precision Tech in 1990 after graduating.
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In 2022, he gained national attention with the Public Utilities Commission making commitments on maintaining the national power supply amidst the
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He was also appointed as a director on the committee responsible for organising the bid for Sri Lanka to host the Commonwealth Games in 2018.
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At a press conference at Expo2012 sitting beside Group Chief Executive Officer Ashroff Omar and Chairman of MAS Group Mahesh Amalean
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797:"DESPITE TURBULENT 2009 MBSL EXPECTS 30 PERCENT PROFIT GROWTH TROUBLED FINANCE COMPANIES TO RECOVER STRONGLY IN 2010"
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http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=41080
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Speech given at the swearing-in ceremony at the Public Utilities Commission of Sri Lanka
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1392:"Sri Lanka targets export revenue from Gem & Jewellery to top one billion in 2015"
1136:. No. Special Economic Reports. The Japan Times. The Japan Times. 11 October 2012
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Chairman and CEO Trillium Property Management & Services Limited (since 2014)
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Faculty of Management Studies and Commerce, University of Sri Jayewardenepura
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499:
1292:"Govt. looking towards exports for way out of balance of payments crisis"
981:"City Housing launches 10-unit housing project with Rs. 350 m investment"
848:"Trouble for Ceylinco Group finance firms, high exposure to real estate"
1512:"Over 45,000 electricians to get NVQ3 certifications within two years"
241:
Chairman of Public Utilities Commission of Sri Lanka (2021–2023)
216:
Chairman of Export Development Board of Sri Lanka (2011–2013)
1007:"Janaka takes over as Chairman of Trillium Residencies, CH&RE"
874:"Janaka takes over as Chairman of Trillium Residencies, CH&RE"
804:
FCCISL News Alert Weekly Business Highlight 11th–17th January 2010
551:"Janaka takes over as Chairman of Trillium Residencies, CH&RE"
223:
188:
180:
59:
1156:"Q&A: Janaka Ratnayake, Sri Lanka Export Development Board"
655:"Trillium Property Management to invest Rs 1 b on two projects"
198:
Chairman of Merchant Bank of Sri Lanka PLC (2009–2011)
129:, Kandy, Ratnayake graduated from the management faculty of
900:"TFC, MBSL take over crisis-ridden Ceylinco Sussex College"
277:
Trillium Residencies shows real estate still hot investment
1557:"NEWSMotion to remove PUCSL Chairman passed by Parliament"
1238:"Sri Lanka mulls convention centre near airport: official"
1109:"Kate's Sapphire Gives Royal Boost to Sri Lanka's Exports"
699:"Trillium unveils Trillium Tower, new head office complex"
629:"Trillium unveils Trillium Tower, new head office complex"
421:
113:
On 24 May 2023, Ratnayake declared his candidacy for the
1615:
Candidates in the 2024 Sri Lankan presidential election
1534:"U turn : One hour Islandwide power cut on Monday"
906:. Sunday Observer. sundayobserver.lk. 27 September 2009
1348:
Press Communique – Ministry of Industry & Commerce
1181:"Sri Lanka crosses the $ eight billion export mark"
90:
Chairman, Merchant Bank of Sri Lanka PLC (2007–2009)
1372:. Financial Times. Financial Times. 8 November 2013
1062:. Sunday Observer. Sunday Observer. 17 January 2010
303:"Global launch of Ceylon Cinnamon today in Cologne"
70:
42:
23:
1211:"Sri Lanka Expo 2012 fair expects 1,000 delegates"
1082:"Rs. 700 Mn infusion to MBSL Insurance – Reports"
347:"Janaka Ratnayake says he will run for president"
1190:. Vol. 1, no. 1. April 2011. p. 1
1605:Alumni of the University of Sri Jayewardenepura
1514:. Sunday Observer. Sunday Observer. 30 May 2021
87:Chairman, Export Development Board (2010–2013)
1315:"EDB campaign ahead of 'Sri Lanka Expo 2012'"
1265:"EDB campaign ahead of 'Sri Lanka Expo 2012'"
1013:. No. 18 March 2011. Daily FT. www.ft.lk
880:. No. 18 March 2011. Daily FT. www.ft.lk
8:
1370:"Sri Lanka plans expansion for gem industry"
954:"Jaffna's first share issue thro' new hotel"
826:"MBSL to manage two more Ceylinco companies"
557:. No. 18 March 2011. Daily FT. Daily FT
425:. The Ceylon Chamber of Commerce. 6 May 2021
397:. The Ceylon Chamber of Commerce. 6 May 2021
146:He began his career as an audit trainee for
854:. Sunday Times. Sunday Times. 8 March 2009
828:. The Nation. The Nation. 1 September 2009
31:
20:
1444:"PUCSL to remain as regulator: Ratnayake"
1034:"MBSL takes over Ceylinco Sussex College"
1032:De Silva, Charumini (16 September 2009).
325:"PUCSL to remain as regulator: Ratnayake"
292:. Newswire.lk. Retrieved on May 25, 2023.
290:"123 MPs vote to remove Janaka Ratnayake"
1490:"PUCSL approves PPA for 300MW LNG plant"
1467:"PUCSL will not be abolished – Chairman"
107:Public Utilities Commission of Sri Lanka
82:Public Utilities Commission of Sri Lanka
1488:Jayasinghe, Uditha (15 February 2021).
1236:KOVILAGODAGE, Jayantha (8 March 2012).
748:"Trillium Group unveils Trillium Hotel"
722:"Trillium Group unveils Trillium Hotel"
609:. Ada Derena. adaderena.lk. 21 May 2010
509:. The Island. theisland.lk. 25 May 2010
265:
256:In 2023, he was removed by parliament.
1341:"Sri Lanka's second Global Brand born"
1107:Ondaatjie, Anusha (18 November 2011).
925:Perera, Harshini (15 September 2009).
363:Perera, Harshini (15 September 2009).
1446:. Daily FT. Daily FT. 9 February 2021
979:Perera, Maheshi (14 September 2012).
927:"MBSL helps failed finance companies"
445:"Alumni Directory (Updated May 2018)"
365:"MBSL helps failed finance companies"
327:. Daily FT. Daily FT. 9 February 2021
305:. Daily FT. Daily FT. 11 October 2011
275:: (print edition 23 September 2007):
115:2024 Sri Lankan presidential election
7:
750:. Daily FT. Daily FT. 2 October 2018
1610:Alumni of the University of Colombo
1313:Hewage, Indunil (7 December 2011).
1263:Hewage, Indunil (7 December 2011).
1131:"Sri Lanka: Asia's Emerging Wonder"
677:"Work starts on Trillium Colombo 7"
454:. University of Sri Jayewardenepura
16:Sri Lankan entrepreneur (born 1964)
1465:Gamage, Ishara (9 February 2021).
1424:. Daily FT. Daily FT. 25 June 2011
1060:"MBSL regains investor confidence"
603:"New EDB chairman assumes duties…"
529:"New EDB chairman assumes duties…"
14:
131:University of Sri Jayewardenepura
1555:Indrajith, Saman (25 May 2023).
795:Devan Daniel (15 January 2010).
776:. dailynews.lk. 13 February 2008
583:. dailynews.lk. 13 February 2008
1290:Andree, Mario (15 March 2012).
952:Samath, Feizal (4 April 2010).
770:"New Chairman of Merchant Bank"
720:Malik, Safna (2 October 2018).
635:. dailynews.lk. 9 December 2016
577:"New Chairman of Merchant Bank"
417:"Janaka Ratnayake - Biography"
391:"Janaka Ratnayake - Biography"
1:
701:. Daily News. 9 December 2016
207:Managing the financial crisis
105:He served as Chairman of the
1600:Alumni of Dharmaraja College
1469:. Ceylon Today. Ceylon Today
1088:. Ada Derena. 9 January 2019
960:. Sunday Times. Sunday Times
679:. Daily FT. 12 December 2014
657:. Daily FT. 10 November 2014
353:. Retrieved on May 25, 2023.
1215:www.lankabusinessonline.com
480:. dailynews.lk. 22 May 2010
279::Retrieved 31 December 2019
233:Commonwealth Games 2018 bid
1636:
251:Sri Lankan economic crisis
121:Education and early career
1620:Sri Lankan businesspeople
30:
1294:. The Island. The Island
1244:. Lanka Business Online
1217:. Lanka Business Online
1209:LBO (6 December 2011).
1188:Karmantha-Vanija Kirula
422:https://invest-srilanka
1111:. Bloomberg. Bloomberg
229:
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159:Information technology
1242:Lanka Business Online
728:. Daily FT. www.ft.lk
227:
192:
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141:University of Colombo
1492:. Daily FT. Daily FT
1418:"Big guns for Games"
987:. Daily FT. Daily FT
500:"New Chairman EDB"
474:"New EDB Chairman"
230:
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127:Dharmaraja College
64:Dominion of Ceylon
1398:. 8 December 2012
154:Business ventures
97:
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37:Ratnayake in 2019
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80:Chairman of the
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