Boulder export from Gelephu comes to a halt

It has been more than a fortnight since boulder exporters have halted their consignments to Bangladesh. The halt according to the exporters are due to harassment the transporters face from the locals and an official order from District Commissioner of Meghalaya government in India citing weigh bridge issues. The vehicles are parked without load and […]

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REDCL turns first CSI bank in the country

Royal Monetary Authority (RMA) has issued in-principle approval for Rural Enterprise Development Corporation Limited (REDCL) to be the first CSI bank to operate in the country. The approval was issued during the Bhutan Economic Forum for Innovative Transformation (BEFIT) 2019 summit which was held last week for three days at Royal Thimphu College. Minister for […]

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Access to finance, main constraint for CSIs

Access to finance is the main constraint that Cottage and Small Industries (CSIs) face, according to entrepreneurs. This includes collateral requirement, cumbersome loan procedures and security valuation. During the second day of Bhutan Economic Forum for Innovative Transformation (BEFIT) 2019, during the panel discussion on “access to finance: financing CSIs”, Matthew Saal, lead financial sector […]

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Wholesale and retail trade sector make up 60% of business establishments

Of the 74,000 persons employed in various establishments, 47,000 are male and 26,000 female Wholesale and retail trade sector that comprises more than 60% of total business establishments employs the highest share of people at 24.1%, reveals the first Economic Census of Bhutan, 2018-19. The construction sector follows at 18.5% although it accounts for about […]

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Operating unlicensed accommodation for tourists is illegal: TCB

Residential properties like buildings, apartments and bungalows are being operated as tourist accommodation and catering tourist services in the country. However, the Tourism Council of Bhutan (TCB) maintained that operating unlicensed accommodation for tourists is illegal. Most of these accommodations are listed on online travel booking sites called Airbnb which is used globally. Airbnb is […]

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Nu 15bn allocated for flagship programs in 12th Plan

In the 12th Five Year Plan (FYP), a total budget of Nu 15bn is allocated for flagship programs from the capital outlay, according to the Gross National Happiness Commission (GNHC) Annual Report 2018-19. Flagship program is one of the new features in the 12th FYP. Flagship programs are aimed at addressing national level issues requiring […]

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Govt. assures to look into lowering power tariff for industries

The government is keen to look into all the issues that the biggest industrial hub in Pasakha currently faces including reducing the power tariff or maintaining status quo, according to economics affairs minister Loknath Sharma during his recent visit to Pasakha. The industries in Pasakha grapple with numerous internal and external obstacles have considered power […]

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