Phuentsholing Thromde will relocate all the service centers, industries and workshops to Pekarzhing which is around seven kilometers away from the core town. Industries not only on the state land but workshops, factories, cement go downs and scrap yards operating on private land must be relocated from the main city area. The Pekarzhing Local Area […]
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For the last three years, Ap Dorji Drukpa, 61, has been following the same routine every week. He puts fresh cheese into leather bags and leaves them beside the bukhari to ferment. “The longer the fermentation, the higher the medicinal value of the zoedue,” he said. This is because zoedue (fermented cheese) has become a […]
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The financial institutions incurred a loss of Nu. 1.49bn in June 2019. This was mainly due to an increase in Non-Performing Loans (NPL) and subsequent increase in provisions for the bad loans. In June 2019, the total NPL stood at Nu 21.43bn. According to the financial sector performance report June 2019 the financial sector’s total […]
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Bhutan’s economic growth is expected to jump to 7.4% in the fiscal year 2020 with the commissioning of Mangdechhu power plant and the completion of maintenance work in Tala power plant. Released this week, the World Bank (WB) biannual report titled South Asia Economic Focus is an analysis of the economic situation of South Asian […]
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Vendors at the new integrated vegetable market in Phuentsholing are unhappy with the electricity bills that they have paid recently to the operator. The bill amount has reached Nu 630,000 since July. The amount is inclusive of penalty for delaying the payment to Bhutan Power Corporation (BPC). After division, each vendor at the vegetable counter […]
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Druna GhuCookies won the best sales pitch with a cash prize of Nu 25,000 at The Druk Tshongrig Gatoen (DTG). DTG is a celebration of different ideas and outlooks and a festival of innovation and enterprise. DTG festival started on October 17 and will end tomorrow. It is being held in Thimphu as well as […]
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Himalayan Food is the second enterprise to successfully raise Nu 4.5mn through Royal Bhutan Securities Exchange’s (RSEB)crowdfunding platform in two months. Himalayan Food produces varieties of agri-based snacks by adding value to raw materials collected from locally grown fruits and vegetables which are certainly nutritious and healthful. Himalayan Food currently produces potato crispy with unique […]
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Some financial institutions have been facing liquidity crunch over the past few months. They have claimed that they cannot meet the demand of lending in the market. Liquidity crunch is a state when cash resources are in short supply and demand is high. The financial sector performance review report, March 2019 of Royal Monetary of […]
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Bhutan’s import of food items from India increased by worth of Nu 144mn this year as compared to 2018. According to Renewable Natural Resources (RNR)statistics on import of major food items from India during January-June this year, the country imported food items worth Nu 2.9bn last year as compared to Nu 3.1bn this year. Rice, […]
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After five years of floating Initial Public Offering (IPO) in the market, the company, Sherza Ventures was criticized for floating the IPO in the social media. It is a first of its kind new generation company floating IPO in the market. Sherza Ventures Limited floated IPO raised an amount of Nu 247mn within a month […]
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