Sri Lanka, Oct. 12 -- New laws to ensure transparency, stability in investment process FDI opportunities to be expanded No room for irregularities The Government will soon take steps to formulate and enact an Investment Protection Act (IPA) to reassure the security of investors and investments coming into the country, President Anura Kumara Dissanayake said yesterday.

There has been no single piece of legislation to ensure the security of local and Foreign Direct Investments (FDI) up to now. The IPA will address this anomaly and incorporate the features of separate laws and Acts such as the Board of Investment Law, Bilateral Investment Treaties with individual countries, Foreign Exchange Act and Strategic Development Projects Act, along ...