Thursday, 2 October 2014

Restrictions on land alienation to foreigners

President Mahinda Rajapaksa today instructed the Cabinet to enact the proposed bill restricting land alienation to foreigners as soon as possible, informed sources said.

The Government will present this Bill titled, ‘Land (Restrictions on Alienation)’ to Parliament and if enacted it will restrict the alienation of lands in Sri Lanka to foreigners, foreign companies and institutions with foreign shareholding.


(Source: Daily Mirror)

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