Residents of Doksum town in Trashiyangtse will have to shift to the new township by year end. The residents were supposed to shift to the new township by October in 2018 but the deadline has been extended following a request from the people. They had previously extended the deadline from 2016 to October last year. […]
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The initiative has helped farmers gain access to the nearest market and they do not have to travel longer distances now The entry of Food Corporation of Bhutan’s (FCB) into cardamom trade is set to provide competition with local traders in the market. Now the farmers can use the opportunity to explore better prices. Till […]
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Around Nu 305.8mn was sanctioned for Priority Sector Lending (PSL) in 2018. Last year, dzongkhags collectively received 1,274 PSL applications of which 1,009 projects were approved. Thimphu, received the highest number of applications with 247 projects according to the fourth quarterly report of Royal Monetary Authority. The PSL initiative was launched on December 13, 2017 […]
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MagneSSa and Oriens are not ponzi schemes clarify RMA officials As new business ventures enter the market, the need for proper legal frameworks has become necessary. The two new entrants – MagneSSa and Oriens – both dealing in health supplement and cosmetic items, claiming health benefits, have lately raised eyebrows. Both these business ventures engage […]
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The country’s first instant noodle manufacturer, KP Noodle, has been shut for over five months now Local noodles and chips manufacturers are struggling to remain afloat amid stiff competition from imported products that have flooded the market. The domestic market is in fact saturated with imported instant noodles and chips from India, Thailand, Korea and […]
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The Chief Executive Officer of Bank of Bhutan (BoB), Pema Namgyel Nadik, took over the helm of the bank in April 2013. He joined BoB as a board director in 2007 and was the deputy CEO (business development) in 2010. He also worked with Drukair for 17 years. Having had served as the CEO of […]
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Works are carried out when no officials are seen at the sites Except at nights, river bed materials, especially boulders and sand, are dredged illegally from Amochhu and transported almost daily by people living in the Indian border town of Jaigaon. The practice has been going on for a long time and around 30 truckloads […]
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If need be, the Ministry of Finance will be devising means to improve compliance in taxing of rental income Except for business and commercial establishments, the practice of deducting Tax Deducted at Source (TDS) on rental payments for residential properties is virtually nonexistent in Bhutan. This could lead to possible manipulation of rental incomes by […]
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Hotel and restaurants have been drastically affected after the new Gyalpoizhing-Nganglam highway opened to traffic in May last year Business of hotels and restaurants at Wamrong town in Trashigang has shrunk after the 77-kilometer Gyalpoizhing-Nganglam highway was opened to traffic in May last year. Restaurants and hotels in Wamrong that cater to public transport buses […]
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Restructuring, it’s envisioned, would help RICBL become one of the best organizations in the country The Royal Insurance Corporation of Bhutan Limited (RICBL) has completed restructuring works of the organization in January this year by centralizing risk management and decentralizing operations. The Chief Executive Officer (CEO) of RICBL, Karma, said all the operations will be […]
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