Govt. to observe fiscal prudence to meet the recurrent expenditure

While the government has sufficient budget for capital expenditure, there is a concern regarding the recurrent expenditure as the government has proposed major changes in the Financial Year (FY) 2020-2021 annual budget since revenue generating sectors are being affected by the pandemic. During the meet the press session on Friday, finance minister Namgay Tshering said […]

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Entrepreneurs can sell their products and get paid online

Now entrepreneurs and start-ups can sell their products online and get online payment from international cardholders. To promote and the use of digital payments and to reap the advantage of digital economy, the Royal Monetary Authority (RMA), in collaboration with the banks has initiated the international payment gateway (IPG) facility. The facility can accept payments […]

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Business at Taktsang base comes to a halt after COVID-19

The once bustling handicraft and fast food market at the base of Taktsang Monastery at Paro is seeing just a trickle of vendors and customers after the COVID-19 was confirmed in the past weeks. The businesses include vendors who sell walking sticks, handicraft products and jewelry. Fast food business had also been soaring in the […]

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BNB opens bank agent in collaboration with Bhutan Post

Bhutan National Bank (BNB) launched its bank agent called BNB Ngotshab, a first of its kind in collaboration with a corporation, Bhutan Post. BNB launched Ngotshab in coordination with Bhutan Post since its offices and outlets are available in almost every corner in the country. Chief Operations Officer of BNB, Hem Kumar Acharya said that […]

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Pandorabiz opens way for online promotion of businesses

In a world of fast everything driven by technology and modernization, an entrepreneur has innovated an online marketing and advertising platform on Facebook. PandoraBiz.com, launched by Sandeep Rai Chamling on January 1, 2020 is a marketing and advertising agent that helps business owners within and outside the country to advertise and promote locally and internationally. […]

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Comprehensive policy direction for micro-finance development needed

Micro-finance institutions (MFIs) in the country have no policy objectives although there are rules and regulations governing operations of institutions and no clear linkage between microcredit distribution and poverty incidences. According to the performance audit report of the Royal Audit Authority (RAA) on microfinancing findings pointed out there are only about 5% of total loans […]

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