Boulder exporters form collusion to evade payments

River boulder exporters to Bangladesh have formed a syndicate of corruption across the border, according to the Anti-Corruption Commission (ACC). ACC has discovered that there is an elaborate and systematic bribery and kickback schemes, referred to as MVI (Motor Vehicle Inspector) payments that Bhutanese exporters and transporters pay at various checkpoints across the Indian border […]

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Lemongrass oil business dying in Bartsham

Lemongrass oil business was once a thriving business in the eastern part of the country. However, as the yield dwindled and labor costs shot up, farmers in Bartsham, Trashigang involved in lemongrass oil extraction, decided to discontinue with the trade resulting in the disappearance of the decades-old practice. Today many households in Bartsham gewog in […]

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FCBL explores markets for cardamom export

The products are currently stored in a warehouse in Phuentsholing The Food Corporation of Bhutan Limited (FCBL) is currently exploring markets for export after having bought 50MT (Metric Tons) of cardamom through a buyback scheme from farmers of eight dzongkhags this year. The highest quantity of cardamom was bought from Dagana Dzongkhag with 20.66MT, followed […]

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Farmers disappointed with throwaway prices at auction yard

The vegetable season has begun but farmers who sold their first produce – peas – at the Food Corporation Limited (FCBL) auction yard in Phuentsholing were disappointed at the throwaway prices. A sack containing up to 40 kilogram of peas was auctioned at Nu 500 which comes to over Nu 12 per kilo. Farmers regretted […]

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Premium bus service in the offing

Two private public transport companies will start luxurious bus service to and from Phuentsholing to Thimphu Within this month, commuters along the Phuentsholing-Thimphu National Highway will have better choice to travel as premium buses are expected to hit the road. Two private public transport companies will start luxurious bus service unlike the normal bus service […]

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BoB launches additional fixed deposit scheme feature

Clients can now have greater flexibility with their FD accounts Bank of Bhutan (BoB) launched an additional feature under its Fixed Deposit (FD) scheme that allows clients holding FD with the bank to partially withdraw the required amount without having to close their entire FD account. In this feature, if a client requires any amount […]

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Replacing Indian day workers alarms local traders in Samdrup Jongkhar

Businesses across the southern border towns remained mostly closed during this week’s Assam and Bengal elections, which even saw the country’s bustling commercial hub, Phuentsholing, turn into a ghost town overnight Every time an election takes place across the border, it is a reminder of how hopelessly dependent Bhutanese traders are on the Indian day […]

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