The Government will soon introduce laws to prevent the sudden nationalization of private properties including enterprises and properties.
For this, the government hopes to introduce a new Investment Security Act as proposed in the 2025 budget.
“The aim of the act is to prevent the arbitrary takeover of private properties including enterprises and properties, to establish an investment security board to solve disputes and to ensure policy stability and forecasting for investors'', a note to the Cabinet said.
Accordingly, a committee of officers had been formed to prepare a concept paper for a draft bill.
The Cabinet has approved the proposal.
President in his role as the Minister of Finance, Plan Implementation and Economic Development furnished the proposal and Cabinet of Ministers granted approval to move forward.
My acquittance with Chula goes back to 1976, 77 where Ananda Under 15 Soccer practices had in Cambel place, Chula was a brilliant mid fielder could kick the ball from both legs
Former Speaker and NPP MP Asoka Ranwala was arrested today following a road accident in the Denimulla area of Sapugaskanda last night, police said.
Read this week’s Sunday Times for your interesting articles
Read this week’s Sunday Times for your interesting articles
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