English | Dzongkha Tuesday, September 27, 2016

T Bank revises lending rates

t-bank-revises-lending-rates

T Bank Limited reduced lending rates by an average of 2.04 percent with effect today.

Bhutan hosts trade fair

bhutan-hosts-trade-fair

Bhutan is hosting the 13th SAARC Trade Fair in Thimphu, this year. Over 177 companies from Bhutan, Bangladesh, India, and Nepal are participating in the trade fair.

Overall inflation decreases

Overall inflation decreases--

The overall inflation rate in the country has decreased by 0.7 percent in the last one year. But the price of food items, both domestic and imported, has increased by around 4 percent, as per the consumer price index published by the National Statistical Bureau.

New interest rate policy to replace the old one

New interest rate policy to replace the old one--

A new interest rate policy, called the National Minimum Lending Rate, will soon replace the current base rate system of determining bank interest rates. The new policy is expected to generate more competition among financial institutions to offer interest rates in productive areas.

Consumer Inflation on a steady rise

Consumer Inflation on a steady rise-

After receding to an all time low, Bhutan’s consumer inflation has been on a steady increase since March this year. The inflation increased from 2.9 percent in March to 3.3 percent in May, this year.

Bhutan’s foreign currency reserve decreasing steadily

Bhutan’s foreign currency reserve decreasing steadily-

From September last year till date, Bhutan’s foreign currency reserve, including Indian rupee, has been averaging more than US$ 1 B which roughly translates to Nu 68 B.

RSEBL calls for economic reforms

RSEBL calls for economic reforms-

Besides the recommendations made by the World Bank to improve the financial sector, Bhutan’s stock exchange, the Royal Securities Exchange of Bhutan Ltd (RSEBL) is calling for reforms from within the economy.

Government requests RMA to lower interest rates on loans

Government requests RMA to lower interest rates on loans-

The government is requesting the central bank to review interest rates on loans and study the possibility of lowering it down to make it more affordable to the borrowers.

Local industries contributes more to economy than hydropower

Local industries contributes more to economy than hydropower-

Local industries in the country contributed more revenue to the economy than the hydropower sector last year. While industries earned Nu 15 B, total hydropower revenue was Nu 12 B.

Living Beyond Means?

Living Beyond Means-

When it comes to personal finance management, most Bhutanese are spending more than what they earn. In most cases, many borrow money from banks; spend on luxury items that further fuel expenses and land up being in debt for many years.

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