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Business

Market capitalisation increases to almost Nu 24B

Stock exchange: Price fluctuations, bonus issues and off-market transactions of shares of the 21 listed companies in the country has resulted in an increase in total value of shares in the economy to Nu 23.99 billion last year, from Nu 22.49 billion in 2014.

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BDBL launches new home loan

Banking: Kelzang, 25, landed a job at one of the corporate offices in Thimphu a month ago and along with his wife, have been putting up at a cousin’s place for quite some time.

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Credit grows by almost 17 percent

Consequently, the entire financial sector harvested a net profit of almost Nu 3 billion Economy: As of December last year, the economy absorbed about Nu 74.7 billion (B) in loans from the entire financial sector in the country. This is an increase from Nu 63.99B in December 2014, a rise by 16.86 percent.

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Debt to GDP ratio at 116%

Economy: The country’s debt to GDP ratio has reached 116.9 percent of the GDP while the debt service ratio of the country has reduced from almost 20 percent in 2014-15 to 9.7 percent as of March this year.

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External market factors affect local industries: DoI

The department recommends flexibility in electricity pricing

Industry: External market factors like economic conditions, change in market demand, change in government policy and the labour market, raw materials sourcing, foreign currency problem and change in the price of the electricity affected almost all local industries in the country.

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FCB auction yard records high potato turnover

Samdrupjongkhar’s auction yard is unusually busy at this time of the year

Agriculture:  It is the height of the potato season in Samdrupjongkhar with the Food Corporation of Bhutan’s (FCB) auction yard unusually busy unlike past years since the auction started in June 1.

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