News
Woman of Lankan descent wins top business award in UK
By Sujeeva Nivunhella reporting from London
Lushani Kodituwakku, Founder and Managing Director of Luminii Consulting, was recently awarded the Women in Business/Entrepreneurship award at the Women in Management UK Professional & Career Women Awards 2024.
In November 2023, she was named Chief Executive Officer of the Year in Market Research and Intelligence in the UK. In April 2023, she received the award for Commercial Due Diligence Provider of the Year at the European Private Equity Awards.
Since its inception in 2017, Luminii Consulting has established itself as a leading advisory firm, delivering complex strategy, Commercial Due Diligence (CDD), value creation, market research, and intelligence projects. Kodituwakku’s extensive experience spans over 25 years, assisting private equity, venture capital, large corporates, SMEs, and banks in their investment, market-entry, and strategic initiatives. Her expertise has solidified her reputation as one of the foremost CDD and strategy advisors in the UK.
Kodituwakku’s career trajectory includes founding Luminii after spearheading the Grant Thornton Strategy and CDD team since 2008. She also launched and led the UK operations for Neovian Partners, a French strategy provider, serving as their UK Managing Partner. Her earlier roles included Directorship at PMSI Consulting and contributions to the strategy and market intelligence teams at KPMG and Frost & Sullivan.
Throughout her career, Kodituwakku has supported over 500 businesses across various sectors, including technology, media & telecoms, B2B products and services, manufacturing, retail, healthcare, property, construction, education, energy, and financial services. Her strategic and entrepreneurial acumen, combined with a unique skill set, has driven significant growth and investment strategies for her clients.
In addition to her professional achievements, Kodituwakku is a Non-Executive Director on the board of Judges Scientific plc., a leading AIM-quoted group specializing in scientific instruments. She holds a Bachelor of Science in Economics with first-class honours and a Master of Research in Management and Organizational Behaviour.
Kodituwakku’s contributions extend beyond the business realm. She has been teaching mindfulness to children for 15 years and has initiated mindfulness programmes at Grant Thornton and Luminii, along with a Women’s Wellness group. Her community involvement includes supporting two registered charities, fundraising, and mentoring undergraduates.
Her early achievements in drama also highlight her versatility. Kodituwakku won Best Actress at the All Island Shakespeare Competitions in Sri Lanka in 1992 and the All Island Royal Interact Drama Competitions in 1993. She appeared in a Canadian movie with Ryan Reynolds in 1993, a German TV series, and a Sinhala movie directed by Gamini Fonseka. Recently, she performed in the stage play Kelani Palama in London and Nottingham.
Kodituwakku’s multifaceted career and dedication to both business and community service make her a distinguished figure in the professional world. Her recent award underscores her significant impact and ongoing contributions to various fields.
News
Amendment of the Inland Revenue Act No. 24 of 2017
Approval of the Cabinet of Ministers has been granted at their meeting held on 19.05.2025 in order to introduce amendments to the Inland Revenue Act No. 24 of 2017 including the proposed tax revisions to enhance the tax structure paving way for state financial integrity based on revenue.
Accordingly, the revised draft bill has been prepared by the legal draftsman and clearance of the Attorney General has been received.
Therefore, the Cabinet of Ministers has granted approval for
the resolution furnished by the President in his capacity as the Minister of Finance, Policy Planning and Economic Development to publish the aforementioned draft bill in the government gazette notification and subsequently, forward the same to the Parliament for its concurrence.
News
Cabinet nod for “National Mineral Policy” – 2026
The National Mineral Policy was prepared for the first time in the year 1999, and the aforementioned policy has been amended in 2023 to cover matters such as preparing an updated data system related to mineral resources, adding value to the export of minerals, encouraging mineral-related industrialists, extracting mineral resources and managing the environment sustainably, and resolving the issues related to the ownership of the land arising in extracting mineral resources.
The revised National Mineral Policy has been reupdated in line with the manifesto “A Sustainable Resource Utilization – Generation of the Highest Benefit” under the policy statement of the current government” A Thriving Nation – A Beautiful Life.”
Accordingly, the Cabinet of Ministers has approved the resolution presented by the Minister of Industries and
Entrepreneurship to implement the so-formulated “National Mineral Policy—2026.”
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