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.
Posted on Jul 21 2016 | Read More »
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.
Posted on Jul 4 2016 | Read More »
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.
Posted on Jun 24 2016 | Read More »
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.
Posted on Jun 8 2016 | Read More »
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.
Posted on May 17 2016 | Read More »
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.
Posted on Apr 4 2016 | Read More »
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.
Posted on Mar 31 2016 | Read More »
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.
Posted on Mar 14 2016 | Read More »
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.
Posted on Feb 2 2016 | Read More »
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.
Posted on Dec 1 2015 | Read More »