English | Dzongkha Wednesday, May 25, 2016

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.

Local steel industries hope to gain from Indian budget

Local steel industries hope to gain from Indian budget-

The recent Indian union budget has provided new hopes to the local steel industry, which has so far been experiencing one of the worst slowdown in their business for over a year.

Share trading still not able to pick up pace

Share trading still not able to pick up pace-

Despite reducing share prices from Nu 100 to Nu 10, share trading in the country is yet to pick up pace. In 2014, shares worth Nu 181 M were traded in the market and last year, it had marginally increased to Nu193 M.

Inflation climbs to 3.56 percent

Inflation climbs

After reaching its lowest point at 3 percent in August, Bhutan’s consumer inflation climbed to 3.56 percent in October this year. Both food and non-food prices increased between September and October.

Inflation remains the same

Inflationp

Bhutan’s consumer inflation remained more or less the same between August and September this year. Inflation rate registered marginal increase from 3.10 percent to 3.14 percent in the same months.

Remarkable progress in ease of doing business

Remarkable progress in ease of doing business

Doing business in Bhutan has become easier compared to past years. The World Bank’s ease of doing business report, ranked Bhutan 71 out of 189 countries worldwide. Bhutan emerged the highest ranked country in South Asia.

Economy grows by 5.4 percent in 2014

Economy grows by 5

Bhutan’s economy grew by 5.4 percent last year showing an improvement from the previous year when GDP was recorded at its lowest at 2 percent in 2013. The growth in GDP was contributed mostly by the services sector related to tourism and hotels.

Tariff policy, expected to be out this year end

Tariff policy, expected to be out this year end-

The draft power tariff policy that went through a successful meeting between the private sector and task force members from the hydropower sector could mean changes in the economy, but to what extent, remains to be seen once the policy is adopted.

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