News
Swiss team of experts due today to study SL’s agricultural landscape
A renowned team of experts from Switzerland will arrive today (1) to study the country’s agriculture ecosystem. During the 10-day visit, they will meet with key industry stakeholders, visit various sites and facilities, and provide comprehensive training in composting and organic farming.
The team will meet with senior members of the Ministry of Agriculture and related State Ministries, Department of Agriculture, Centre of Excellence for Organic Agriculture (CEOA), National Fertilizer Secretariat, Sri Lanka Council for Agricultural Research Policy (SLCARP), Faculty of Agriculture of the University of Peradeniya, State Ministry of Skills Development, Vocational Education, Research & Innovation, Coconut Research Institute (CRI), Sri Lanka Tea Board, and Tea Research Institute (TRI).
They will visit and observe conventional and organic farmers in Kalpitiya, Thambuttegama, Weliweriya, Radawana, Belihuloya, and Nuwara Eliya. They will also tour markets, poultry farms, dairy farms, tea factories, tea estates and garbage collection centres, where garbage is collected from hotels to process organic manure.
This entire initiative is by A. Baur & Co. (Pvt.) Ltd (Baurs), a leading diversified business group and a name synonymous with pioneering scientific manuring in Sri Lanka, in partnership with two of the world’s leading institutions in organic agriculture based in Switzerland, a country that has the sixth highest penetration of organic farming in the world, with 16.5% of agriculture land being organic farmland.
The Research Institute of Organic Agriculture (FiBL) is one of world’s leading organic farming research and technology transfer centres dedicated towards sustainable agriculture. The School of Agricultural, Forest and Food Sciences (HAFL) of Bern University of Applied Sciences offers bachelor’s and master’s degrees including continuing education programs.
HAFL uses applied research to address contemporary issues and futuristic challenges and provides tailored consultancy across Switzerland and globally.
Further, these experts will also conduct two training sessions; one to various teams at the Baurs Fertilizer Factory (CMW) in Kelaniya and the other to Baurs’ staff, agents, dealers, key farmers and compost producers at the Baurs’ site in Anuradhapura. These will be with strict adherence to prevailing Covid-19 health guidelines.
The expert team brings with them years of both academic as well as practical experience, and includes Dr. Christoph Studer, professor of natural resources management at HAFL and Dr. Gurbir S Bhullar, senior scientist in tropical agroecosystems at HAFL, Paul van den Berge, senior consultant at FiBL and Dr. Jacques G. Fuchs, senior scientist in plant pathology and soil quality at FiBL.
With Sri Lanka’s transition to organic agriculture, this is a timely initiative and a need of the hour. The expert team will put together a detailed, practical and scientific plan that will help support Sri Lanka to successfully identify issues and constraints and overcome future challenges.
News
Report on the Final Budgetary Condition (Annual Report) – 2025 submited to parliament
As per the provisions of section 51 of the Public Finance Managaement Act No. 44 of 2024, the public should be issued with a report on the final budgetary situation for each year and, the report is then published in the official website of the Ministry of Finance, Planning and Economic Development.
Thereby the report has to be submitted to the Parliament. The final budgetary situation report (Annual Report) – 2025 has been prepared by the Ministry of Finance, Planning and Economic Development and published. The report contains the Public Finance Policy, strategies and challenges, economic trends in 2025, macro – economic and socio – economic indicators covering all sectors of the economy as well as description on the global economic growth.
Furthermore, it accompanies a detailed description government revenue and expenditure, cash flow management, financing the budget deficit and the loan structure.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the Report on the Final Budgetary Condition (Annual Report) – 2025 to Parliament.
Business
Cabinet nod to accept increased Loan Grant provided by the Asian Development Bank under Policy Based Loan Facilities – 2026
Approval of the Cabinet of Ministers was granted at their meeting held on 16.03.2026 to obtain United States Dollars 380 million from the policy – based loan facilities of the Asian Development Bank in the year 2026.
United States Dollars 100 million out of it is allocated for Trade, Investment and Industries Development Programme – Sub Programme 1. However, amidst the economic uncertainty resulting from the current Middle East crisis and the climatic tragedies, the Asian Development Bank has agreed to assist
by increasing a supplementary financing package of United States Dollars 100 million so that it will beMincreased up to United States Dollars 200 million.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to take further measures to obtain the said loan grant.
News
Submission of Revenue Protection Order Prepared under the Provisions of the Revenue Protection Act No. 19 of 1962 to the Parliament for its approval.
Approval of the Cabinet of Ministers was given at the meeting held on 23.02.2026 to impose the custom import duty amounts under four (04) categories as 0%, 10%, 20%, and 30% which had been executed only under three (03) categories in order to increase the target export income of the country, to execute the
recommendations of the national customs duty policies committee, and to implement new national sub division customs codes for promoting the local agricultural and industrial sector.
Imposing provisions in relation to the above, the Revenue Protection Order – No. 01/2026 under the Revenue Protection Act No. 19 of 1962 has been published in the extraordinary gazette notification No. 2478/03 of 03.03.2026.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the said revenue protection order to Parliament for its concurrence.
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