Category archives for: Business

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.

Imported furniture starts entering Bhutan again

Imported furniture starts entering Bhutan again

As soon as the Regional Revenue and Customs Office (RRCO) formally lifted the import ban yesterday, furniture worth over Nu.300,000 were imported in two transactions.

India agrees to expedite works related to trade transit points

Bilateral-meeting-on-trade-and-transit

India has agreed to expedite works to increase the number of trade transit points along the Bhutan-India border.  This was one of the major outcomes of the bilateral meeting on trade and transit between the two countries, which was held yesterday in Thimphu.

Construction sector displeased with revised rates

Revised rates-sand and boulders

The Construction owners, builders, contractors and local sand and boulders agents in Gelegphu are troubled by the recently announced rates for sand and boulder. They say the revision is almost 100 percent.

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