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Business

Free internet in the pipe line

ICT: An information access centre which will allow any individuals of the public to use the internet for free will be established at the Royal Institute of Management (RIM), later this year. “Providing free access to individuals who want internet at any point of time,” Department of Information Technology and ...

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Poultry farms declining in Punakha

Farm: In what could be a setback for the government’s plan to achieve self-sufficiency in poultry products, the trend of poultry farming over the years has declined in Punakha and farmers are opting out of the business.

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Bhutan Telecom increases data tariff

However the company recently reduced its call rate to India

Mobile: In response to more customers using mobile applications like WeChat and Viber, among others, Bhutan Telecom has increased the price of its mobile internet, last month.

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Ferro silicon industries staring down the barrel

Third and final power tariff revision might sound death knell for industrial sector

Electricity: With the third and the final power tariff revision that will come to effect from July this year, ferrosilicon industries in Pasakha are now facing a question of sustainability.

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Indo-Bhutan trade transcends diplomatic ties

Relation is most liberal and oldest free trade agreement, say officials from both sides

Commerce: With the ferro silicon industries facing stiff competition from those in China and Vietnam, the government has requested the Indian government to provide preference to Bhutanese ferro silicon.

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Trade deficit at Nu 9B in the first quarter of 2015

Deficit narrowed by about Nu 100M last year compared with 2013

Statistics: The country’s trade deficit, excluding trade in electricity, is estimated at around Nu 9B (billion) between January to March this year.  Balance of trade with India alone accounts for more than Nu 7B of deficit.

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Dungsam to raise another Nu 1.5B in bond

This is the third series of bond the company issued

Bond: The Dungsam Cement Corporation Limited (DCCL) has floated its third series of bond worth Nu 1.5B (billion) at eight percent coupon rate to prepay the company’s high interest bearing loans.

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PAC recommends a debt management Act

With external debt projected to reach Nu 258B by the end of 11th Plan RAA Report: The country’s total debt reached Nu 118.5B (billion), constituting more than 95 percent of the gross domestic product, as of March this year, the Public Accounts committee’s (PAC) report to the Parliament stated. The ...

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Bhutan ranks 87th in latest Human Capital Index

WEF Report: Bhutan is placed 87th out of 124 countries in the Human Capital Index 2015 that the World Economic Forum (WEF) based in Geneva published recently. The index measures how a country deploys its human resources for its economic development, and evaluates the levels of education, skills and employment ...

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