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Business

Indian traders to avail INR

...from Bhutanese exchange counters Rupee: Royal Monetary Authority’s (RMA) two exchange counters at Phuentsholing will start catering to Indian traders of Jaigaon from next month.

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Will fuel price drop further?

Revisions in Indian excise duty could withheld significant drop

Fuel: The fuel price globally has been sliding since 2014. Yet, after more than 20  fuel price revisions in the country last year, petrol got cheaper only by about Nu 2 and diesel by Nu 5 till date.

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ADB to finance Nyera-Amari projects with USD 320M

Hydropower: The Asian Development Bank (ADB) would finance the 442-megawatt (MW) Nyera-Amari hydropower project with USD 320M. The project will be developed on a multi-tranche financing modality, which is similar to the Dagachhu and Nikachhu projects.

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Bad business for Bumthang hotels this year

Tourists arrivals are expected to further decline as a result of the road widening works

Tourism: Despite the government’s decision to re-schedule road widening works at night for the convenience of travellers, tourist arrivals in Bumthang fell to a record low of 15,482 in 2015 according to the Hotel Association of Bumthang (HAB).

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