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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Biogas proves a success in rural Bhutan

Firewood harvesting and use of Liquefied Petroleum Gas (LPG) has decreased significantly in the country’s rural pockets with the introduction of biogas. In 2011, the Bhutan Biogas Project introduced biogas plants in the country with an objective to provide a sustainable energy source for households with livestock and help them reduce their dependency on firewood and expensive fossil fuels. […]

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Online business: A threat to shopkeepers

A group of girls are engrossed in their phone. They browse the screen with great excitement as they do “online shopping” viewing photos of the products, along with product specifications, features and prices. Various online shopping websites such as Air BNB, Alibaba, eBay, Myntra and B-bay-buying and selling are increasingly becoming popular among the buyers. […]

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Income Tax Bill 2020 could impact nation’s economic self-reliance: NC

The National Council (NC) recommended that Income Tax (Amendment) Bill 2020 could seriously impact the national goal of economic self-reliance and create more deficits at this time. In this context, NC’s Economic Affairs Committee (EAC) proposed two options to the house, either not to pass the Bill in its entirety or to pass with amendments […]

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