Sri Lanka, Nov. 11 -- The Cabinet of Ministers has granted approval to the proposal by the President in his capacity as the Minister of Finance, Plan Implementation and Economic Development to formulate a bill to ensure the prevention of nationalization of private properties and also guarantee policy stability related to investments.

In the 2025 Budget, a proposal was presented to introduce a new act to realize the objectives of prevention of capricious nationalization of private properties including enterprises and properties, establishment of an investment security board as a mechanism of solving disputes and ensuring the policy stability and forecasting for investors.

Accordingly, a committee of officers was formed to prepare a conce...