Tuesday , March 28 2017
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Stabilising the economy

Can the bird fly high with the monkey’s fortune in the coffer?
Yearender |  Economy: The Monkey has built its fortune by bolstering the humble coffer it inherited. As the time approached for the Monkey to   pass its heirloom to the bird, a trifling bug seems to have infested the coffer.

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Spouting structural imbalance in the economy

Economy: Having realised economic growth of 7.6 percent in the past three decades, Bhutan is the one of the most successful countries, said senior economist and resident representative of the World Bank, Yoichiro Ishihara, at a panel discussion following the Launch of economic early warning system yesterday.

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Economic growth could hit 10.2 percent: RMA

Debt level, however, increased by 42 percent

Report: Should the new hydropower construction and commissioning of ongoing hydropower projects ensue as scheduled, the country’s economic growth between this and the next fiscal year, is projected to grow at an average of 10.2 percent. This is according to the Royal Monetary Authority (RMA).

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GDP expands to Nu 132B

GDP: While hotels and restaurants are identified as the fastest growing slice of the economy, the construction sector has experienced a noteworthy growth in double digits. Consequently,  country’s economy experienced a growth of 6.5 percent in 2015, as Gross Domestic Product (GDP) expanded from Nu 119.5 billion to Nu 132 billion.

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3.92 percent CPI registered in November

…this is the highest year-on-year inflation in the last 16 months

Inflation: The price of goods and services between November 2015 and November last year has increased by 3.92 percent, the highest monthly inflation last year, as revealed by the consumer price index (CPI).

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Ngultrum value falls in P’ling

Currency: Indian Rupees (INR) are once again being illegally sold across the border. Both Bhutanese and Indian nationals in need of INR are paying between Nu 108-112 for INR 100. The commission depends on the amount being exchanged.

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Lack of policy obstructs banks from financing start ups

Finance: The lack of a policy or regulation in financing start up projects is limiting banks from funding projects, the Financial Institutions Association of Bhutan’s president, Kipchu Tshering, said during a panel discussion during the Global Entrepreneurship Week held in Thimphu.

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