Archives for: Business

Lemongrass business, not lucrative anymore

Lemongrass business, not lucrative anymore-

The lemongrass cooperative in Monggar is finding it difficult to retain its members. Members have been leaving the group to work in construction sites, where they are paid more. From 170 members in 2007, the cooperative group is now left with only 45 members.

Over hundred million Ngultrum fetched from potato yields

Over hundred million Ngultrum fetched from potato yields-

It is the height of potato auctioning season at the Food Corporation of Bhutan’s auction yard in Phuentshogling. Unlike last year, the farmers are fetching better returns this year.

Aspiring entrepreneurs in Lhuentse have their hands tied

Aspiring entrepreneurs in Lhuentse have their hands tied

Some of the aspiring entrepreneurs in Lhuentse are frustrated with the criteria required for setting up entertainment centres. While people are ready to invests, Dzongkhag says they do not meet the required criteria.

300 highlanders bring in Cordycep for auction

300 highlanders bring in Cordycep for auction

Around 300 highlanders from three Gewogs of Paro and Thimphu brought in their Cordycep harvest for sale in the first Cordycep auction of the year. More than 45 buyers took part in the two-day auction.

Cost of inflation?

Cost of Inflation

The Economic Professor at the Royal Thimphu College, Sanjeev Mehta, said the average inflation rate has been over nine percent, annually. He added inflation over and above 10 percent is considered alarming in any economy.

Farmers try exporting soft brooms

SoftBroom-Gakidling Gewog-Sarpang

For the first time, farmers of Gakiling Gewog in Sarpang are exporting soft brooms to India. Nearly 3000 brooms worth about Nu. 70,000 was taken yesterday.

More organic growers, not much takers

OrganicFarming-Bumthang

Many farmers in Bumthang are turning to commercial organic vegetable cultivation. From two groups in 2008, there are currently nine organic vegetable farmers’ group in the dzongkhag. Now, the problem is market. The groups say lack of market to sell their produce has become a challenge now.

Sales of locally produced ice cream picks up

Bhutan Ice Cream

As summer sets in, the sale of locally produced ice cream in Samtse is gradually picking up. It has been just three months since the country’s first ice cream manufacturing unit was established.

Business Council to be created

Business Council to be created

A Better Business Council will be established soon to create better business climate in the country. The announcement was made by the Economic Affairs Minister, Norbu Wangchuk, at the closing of the Business Summit, yesterday.

150 leaders meet for Better Business Summit

BetterBusinessSummit

Over 150 leaders from across the globe and Bhutan have come together in Thimphu to raise awareness on Bhutan as an investment destination and private sector development.

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