Himalayan Food is the second enterprise to successfully raise Nu 4.5mn through Royal Bhutan Securities Exchange’s (RSEB)crowdfunding platform in two months. Himalayan Food produces varieties of agri-based snacks by adding value to raw materials collected from locally grown fruits and vegetables which are certainly nutritious and healthful. Himalayan Food currently produces potato crispy with unique […]
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Some financial institutions have been facing liquidity crunch over the past few months. They have claimed that they cannot meet the demand of lending in the market. Liquidity crunch is a state when cash resources are in short supply and demand is high. The financial sector performance review report, March 2019 of Royal Monetary of […]
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Bhutan’s import of food items from India increased by worth of Nu 144mn this year as compared to 2018. According to Renewable Natural Resources (RNR)statistics on import of major food items from India during January-June this year, the country imported food items worth Nu 2.9bn last year as compared to Nu 3.1bn this year. Rice, […]
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After five years of floating Initial Public Offering (IPO) in the market, the company, Sherza Ventures was criticized for floating the IPO in the social media. It is a first of its kind new generation company floating IPO in the market. Sherza Ventures Limited floated IPO raised an amount of Nu 247mn within a month […]
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Promoters who have applied for plots in Dhamdum Industrial Park can now start with their industries. Applicants who have completed the approval procedures can start in pocket A. Once the National Land Commission (NLC) completes the procedure by allotting the plots, they can start operation, according to Project Manager Sonam Zangmo. However, the Industrial Infrastructure […]
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The Department of Geology and Mines (DGM) under the Ministry of Economy Affairs (MoEA) has lifted the moratorium on mining that was announced on 17th February 2014. The ministry lifted the moratorium and issued notification of the new development on September 6 this year. According to the ministry, there are changes in the application process […]
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As Samtse town develops, businesses in town are not doing very well. With increasing number of shops and other services, daily sales are on a decline. Most businessmen in town said that the opening of Phuentsholing-Samtse National Highway has prompted people of northern Samste like Dorokha, Denchukha Dungtoed, Panbari and Khempagaun to travel to Phuentsholing. […]
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With a kilogram of cordyceps fetching Nu 2.04mn and lowest Nu 0.251mn per kg in Lunana last month, this year saw an increase both in terms of volume and value of cordyceps compared to last year. A report from thr Department of Agriculture Marketing and Cooperatives (DAMC) states that this year saw an increase of […]
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The construction of public office buildings during the10th and 11th Five Year Plan (FYP) involved huge investment. The offices are Election Commission of Bhutan (ECB), Anti-Corruption Commission (ACC), Office of Attorney General (OAG), Supreme Court and Center for Bhutan Studies (CBS) which are located in the capital. Most of the office constructions were funded by […]
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Local apple exporters and farmers are not hopeful from earning much from the crop as the price of apple has slumped due to limited market. The price in the beginning was better but it is currently at a low. Royal apple comes in four different sizes; the extra-large size fetches Nu 750 per box while […]
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