Sri Lanka lift foreign investor curbs on land-owning listed firms, apartments

ECONOMYNEXT – Sri Lanka will lift foreign investor curbs on listed companies owning land, Finance Minister Mangala Samaraweera said.

Sri Lanka will also liberalize some restrictions on foreigners buying apartments, he said, presenting a budget for 2018.

Existing restrictions were a block to foreign direct investments, he said.

Sri Lanka will also review existing foreign direct investment processes and benchmark them on developed nations, he said.

Sri Lanka at the moment did not attract enough, FDI, he said. (Colombo/Nov09/2017)
 

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