Although the government claims that it is yet to understand the impact of India’s shift to the Goods and Services Tax (GST) regime on Bhutan, the move is expected to impact Phuentsholing differently.Read More »
At a time when commissioning of mega power projects is being deferred, correcting the trade deficit could remain an uphill task because many economic projections has already been made based on the earning from these projectsRead More »
Even as the GST regime in India has already affected many sectors of the Bhutanese economy, the government is yet to thoroughly understand the system before making any move. Some industrialists and traders have received notifications from Indian counterparts that prices of goods would increase after the application of GST.Read More »
Two weeks after the new Goods and Services Tax (GST) regime that was initiated in India, Bhutanese industries have not been able to export to India due to unclear directions and confusions among the parties of the two countries.Read More »
Despite a revenue implication of about Nu 57M from the revised interest rate towards the last quarter of the year, the Bank of Bhutan Limited (BoBL) recorded 17.5 percent increase in profit after tax, last year.Read More »
Taxes and dividends from Druk Holding and Investments (DHI) and its subsidiaries contributed more than 30 percent to the total domestic revenue of in the last fiscal year.Read More »
Finance Minister Namgay Dorji has said that economic self-reliance is a common goal and that the government’s fiscal measures are designed to achieve the same.Read More »
Increased demand in both domestic and international markets has hiked the price of cement.Read More »
The price of goods and services in February this year increased by 5.64 percent compared to February last year, showing an increasing trend since October last year.Read More »
The new recurring scheme of the Bank of Bhutan (BoB) will allow its customers to make multiple deposits (subject to total deposit of Nu 20,000 per month) of varying amounts in a month.Read More »
Export of electricity contributed Nu 13.03B
The government’s export promotion drive and import substitution did not so much result in improving the country’s trade balance, which began deteriorating since 2013.Read More »
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.