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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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Wood Craft Centre plans to expand

DHI: The Wood Craft Centre Ltd (WCCL) is making headway on gaining a commercial footing.

The company is on the verge of completing a detailed project report to set up a new production plant and move to another location.

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DHI to divest shares of non-strategic companies

A successful year for DHI in terms of achieving their targets

DHI: The Druk Holding and Investments (DHI) will off-load its shareholdings in “non-strategic companies to the public in a phased manner, the chairman Dasho Sangay Khandu said during its annual press conference yesterday.

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