FCB’s entry into cardamom market creates competitive prices

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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Nu 305mn sanctioned for PSL

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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Proper legal framework required as new businesses enter the market

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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Local noodle manufacturers lose out to imported products

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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‘We have to focus more on technology and make our system more robust’

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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Business not as usual in Wamrong town

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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RICBL restructured to improve process, system and profitability

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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