English | Dzongkha Friday, May 29, 2015

STCB to export boulders and vegetables

STCB to export boulders and vegetables--

The State Trading Corporation of Bhutan Limited (STCBL) is exploring the possibility of large-scale export of vegetables and boulders to India and Bangladesh. This follows after the government hinted on taking away its explosive business, which is its second largest revenue-earning portfolio.

Green tax, detrimental to economy: BCCI

SalesTax-

The Bhutan Chamber of Commerce and Industry (BCCI) has submitted a paper to the government studying and recommending impacts, of the five percent fuel tax, on the country’s economy.

Cottage and small industries sees impressive growth

Cottage and small industries sees impressive growth-

Cottage and small industries saw an impressive growth of 21 percent, last year. Cottage and small industries now make up 96 percent of the country’s total industries.

Electric vehicles still not picking up popularity

Electric vehicles still not picking up popularity-

Not many Bhutanese are keen to purchase electric vehicles despite zero tax imposed. Since its introduction last February, only 45 electric vehicles have been imported as against 6,000 fuel based vehicles imported in the same period of time.

Dungsam Polymers suffers a loss of Nu 28M

Dungsam Polymers suffers a loss of Nu 28M-

The Dungsam Polymers Limited, a subsidiary of Druk Holding and Investments that manufacture cement bags recorded a loss of Nu 28 M last year according to their latest financial statement. It also made a loss of Nu 24 M in 2013.

DCCL to float another bond

Dungsam to float another bond-

The Dungsam Cement Corporation Limited (DCCL) will float another bond anytime soon to meet its debt obligation according to Druk Holding and Investments (DHI), its parent company.

ABI and BCCI seek government’s intervention to salvage industries

ABI and BCCI seek government’s intervention to salvage industries-

The Association of Bhutanese Industries (ABI) and the Bhutan Chamber of Commerce and Industry (BCCI) are looking for an intervention from the government to prevent industries from crashing headlong into a recession.

Betting on better tourism prospect

Betting on better tourism prospect-

Bhutan is seeing an increasing number of people building tourist hotels. Between 2013 and 2014, 28 hotels were established. Today over 48 hotels are being constructed and another 13 has been proposed for construction according to records maintained by the tourism council.

Inflation at 6.3 percent

Inflation at 6_3

After a continuous drop since September last year, Bhutan’s consumer inflation slightly increased to 6.3 percent in February, this year. In the previous month, inflation was recorded at 6.2 percent.

A ready market for farmers

A ready market for farmers

The agriculture ministry will no longer provide free seeds and fertilisers to the farmers. Instead, the ministry will be initiating a new programme through which, it will directly buy rice grains from farmers and sell it in the market.

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