The Natural Resources Development Corporation Limited (NRDCL) has over 200,000 cubic feet (cft) of timber still unsold in their depots in different Dzongkhags. In a monthly timber allotment conducted in Bumthang, yesterday, only a handful of sawmill owners turned up.
May 18 2013 | Posted in Business
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Most small-scale hoteliers and restaurant owners in Paro, say the setbacks while using the BIG (Bhutan Industrial Gas cylinders) outweigh the benefits.
A year before, at this time, Bhutanese vegetable market used to be flooded with imported vegetables. This year, local vegetables are replacing the imported ones, even if it means in small scales.
The import of vehicle in the country has come down by half, compared to last year, making the automobile dealers the worst hit by the Rupee shortage. The transportation loan was suspended by mid-March last year as a measure to address the Rupee crunch in the country.
Thirty five employees of Zimdra Automobiles have been laid off beginning last month. Most of them were working in the sales department.
The commercial spaces of Thimphu TechPark are still vacant even after its first phase became operational nine months ago.
After eight months since the suspension of loan facilities by all the financial institutions in the country, Bank of Bhutan (BoB) has finally started accepting applications for loans.
Unlike in the past, this time the Regional Revenue and Customs Office in Phuentsholing has been seeing an increasing number of bogus import declaration cases. This, the Customs officials say has been triggered by the Indian National Rupee crunch in the country.
Standards help promote the trade and business, was one of the key messages, to Bhutanese industry and business community participating at the World Standards Day, today. October 14 is identified to create awareness on the need for standards and standardisation.
Automobile agencies say their situation is critical. They say without a single import since March this year, their very survival is at stake.