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Bhutan among fastest growing economies in Asia: ADB

But youth unemployment remains an issue With an economic growth rate of 7.5 percent in 2017, Bhutan is the fastest growing economy in the developing Asia region, according to the Asian Development Bank (ADB). The bank’s Asian Development Outlook 2018, states that the outlook is for continued, strong, stable growth, …

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Financial institutions fuel Nu 103B domestic loan

Financial institutions in the country lent Nu 103B in the domestic market as of December last year. The economy saw domestic credit swell by Nu 13B in a span of 12 months. In January last year, the cumulative figure of domestic credit stood at Nu 90B. This is according to …

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Stock exchange spots Nu 17M in unclaimed dividends

The Royal Securities Exchange of Bhutan (RSEBL) has found a total of around Nu 17M unclaimed dividends with the respective listed companies accumulated till date. During an interactive session between interested individuals and the exchange officials yesterday, it was pointed out that many shareholders invest in company shares without comprehension …

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BAIL buys apples from farmers as export market shrinks

Labourers load apples after grading in Phuentsholing in August 2017

The apple export market was not good this season. According to apple growers and exporters in the country, the export season started on a low scale in terms of rate and ended without them benefitting much. Exporters in Phuentsholing said that the quality of grading and apple maintenance had deteriorated …

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Domestic credit at Nu 97B

The Royal Monetary Authority’s (RMA) financial inclusion initiative is expected to fuel domestic credit to almost 50 percent of the GDP in the medium term.

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GST impact to cost Nu 14B in 12th Plan

While the Goods and Services Tax (GST) in India will have a revenue implication of Nu 14B in the 12th Plan, the trading sector is to benefit the most. For this to materialise, the retailers have to pass the benefit to consumers and import commodities from the GST registered suppliers in India.

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