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Business

SKW-Tashi Metals retrench 160 employees

The FDI company has shutdown for an indefinite period

Employment: SKW-Tashi Metals and Alloys Private Limited, a Foreign Direct Investment (FDI) business in Pasakha has retrenched 160 employees recently. The FDI firm is also shut at present.

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Exploring the spillover benefits

The central bank will carry out a research to study the benefits

Hydropower: The indirect benefits of the hydropower sector are overlooked and many other economic opportunities circling the sector remain unexplored, which otherwise could enrich the country’s economic output.

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Petrol price drops

Fuel: The price of petrol in the country has dropped by about Nu 1.07 beginning today. This is the second drop in price in less than two weeks.

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Limestone powder export to Bangladesh halted

Export: Export of limestone powder to Bangladesh has been halted since February 7. Bangladeshi customs at the Burimari border, it is learned, has issued a Statutory Regulatory Order (SRO) that limestone powder falls under the Harmonised System (HS) code 2517.

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Govt. clueless and economy in distress: Opposition

Opposition asks the govt. to work on the economy on a war footing

Economy: Contradicting the government’s claim of inheriting an “empty coffer” and making a vigorous improvement in the economic front, the opposition party claims that the government has put the economy in distress.

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What’s on the tree?

Yearender/Outlook: Pondering over the Sheep’s yield, the Monkey is likely to cart a wagonload of national fortune, at least on the economic front.

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Two economic indices, two different ranking

According to Heritage Foundation, Bhutan is one of the “mostly un-free economy”

Ranking: Three months after the Economic Freedom Network (EFN) declared Bhutan as the 87th freest economy among 157 countries, Heritage Foundation, a conservative research think tank based in Washington, labeled the country as ‘mostly un-free’ nation placed at 97th among 178 countries.

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