BDBL temporarily suspends MSE loans for seven dzongkhags

The Bhutan Development Bank Limited (BDBL) has temporarily suspended Micro and Small Enterprise (MSE) loan scheme for seven dzongkhags because of high Non-Performing Loans (NPL). The dzongkhags include Bumthang, Thimphu, Paro, Punakha, Trongsa and in   the areas of Gelephu and Mongar town. The highest NPL is in Bumthang. The bank has stopped giving loan from […]

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S/Jongkhar gets potato grading machine

The farmers in the east will now have better income with the launch of online auctioning service at Samdrup Jongkhar. Food Corporation of Bhutan Limited (FCBL) and Royal Securities Exchange of Bhutan Limited (RSEBL) have installed potato grading machine and online auction portal in FCB’s auction yard aimed at rendering faster, efficient and convenient auctioning […]

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Only four companies ISO certified

Bhutan Standard Bureau (BSB) has certified only four companies for International Standard Organizations (ISO) certificate so far. They include Phuentsholing Thromde, Karma Feeds, Bhutan Bitumen Industries Private Limited and Bank of Bhutan (BoB). These companies got certified in 2017. The Director General of BSB, Sonam Phuntsho said that these companies were certified for meeting the […]

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Sherza floats IPO to raise Nu 247mn

Sherza Ventures Limited (SVL), an e-commerce and trading company that deals with hyper retail and wholesale plus provides a platform of a common marketplace for young entrepreneurs and farmers’ products, has floated initial public offering (IPO) to raise Nu 247mn. The company has floated Nu 19mn equity shares at Nu 13 per share. The shares […]

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Meat import from India shoots up by 16%

Meat worth Nu 4,573.8mn was imported last year compared to Nu 3,940.24mn in 2017, according to the Department of Agricultural and Marketing Cooperatives’ annual report, 2018-2019. Meat recorded the highest increase of 16%, while rice import decreased by 5%. Import of dairy recorded 1% decline, edible oil and vegetables, including potato by 4%. The report […]

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Bhutan Alternatives raises Nu 8.34mn through crowdfunding

Bhutan Alternatives is the first successful entrepreneur to raise Nu 8.34mn through Royal Securities Exchange of Bhutan’s (RSEBL) crowdfunding platform within four weeks. Bhutan Alternatives is a ‘Social Entrepreneur’ with the motto of attaining “Zero-Waste” through maximizing resource recovery for creating sustainable waste management system. Bhutan Alternatives collects e-waste and recycles and refurbishes printer cartridges. […]

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Identifying entrepreneurial challenges

Entrepreneurial challenges were identified and solutions were discussed at the two-day Druk Entrepreneurial Challenge that ended on Thursday. The entrepreneurial challenge focused on designs to solve real world problems posed by startups, scale ups, government, Non-Government Organizations and education.               In response to business challenges and concerns that entrepreneurs face in Bhutan, it opens up […]

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AAC brick users on the rise

Autoclaved Aerated Concrete (AAC) Brick users in the country have increased overtime. The concrete block company started supplying in the Bhutanese market since January, this year. Based in Pasakha, Phuentsholing, Bhutan Ecolite Brix Private Limited (BEBPL) started manufacturing AAC blocks and launched the product this January. It is an FDI and has two Bhutanese shareholders […]

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Bhutan Hyundai Motors unveils Hyundai Venue

Bhutan Hyundai Motors (BHM) launched subcompact Sport Utility Vehicle (SUV) Hyundai Venue at the clock tower square in Thimphu on Tuesday. Hyundai Venue is a well-designed, smart urban SUV, and comes with attractive pricing as the lowest variant (E 1.2 petrol) of Hyundai Venue costs Nu 0.637mn with 0.8mn vehicle quota and Nu 0.9mn without […]

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Raw material security, the biggest challenge for industries

Securing raw materials for heavy and medium industries in the country is one of the major challenges that they currently face. Industries feel that securing raw materials is paramount for their survival. Most of the industries are mineral-based, and except for cement industries, no other industries are secure about their raw materials. Except for electricity […]

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