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Business

CIT grows by touch too small

Revenue:The combined corporate income tax (CIT) of 10 state-owned enterprises (SOEs), excluding the Druk Holding and Investment (DHI) companies, have grown by about 2 percent on an average annually since 2008.

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DHI puts brake on BEGIN programme

It will support Loden Foundation that has similar programmes

Entrepreneur: The Druk Holding and Investments (DHI) has decided to do away with its Business Entrepreneurship Growth and Innovation (BEGIN) Programme, to avoid recurring initiative.

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Demand for vehicle rises despite tax

Since 2009, the number of vehicles has increased by 51 percent 

Import: The lift on the ban of import of vehicles drove the State Trading Corporation of Bhutan (STCBL) to hike its profit by about 800 percent in the last six months.

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Lucrative start for apple export season

But export quantity is likely to drop by half of what was exported last year

Trade: The apple export season this year started on a lucrative scale. Market rate, exporters say is USD 700 a metric ton (MT), more than the season’s floor price of USD 650. A floor price is the minimum price prearranged for the fruit.

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