English | Dzongkha Wednesday, March 21, 2018

Aspiring entrepreneurs have dreams halted by funding

Upcoming entrepreneurs, who come up with business ideas, are facing challenges in availing loans from the financial institutions. This is mainly due to requirement of collateral to avail loans. As a result, entrepreneurs said without the required money, it is difficult to establish a business even if they have brilliant business ideas.

Entrepreneurship culture gains ground

The entrepreneurship culture has seen a significant growth in the recent years. This is evident from the fact quite a number of young Bhutanese now run their own business and many others are seeking to follow suit.

Exporters can get to market limestone in Bangladesh from December

Exporters can now look forward to market limestone in Bangladesh once again from December, this year.

Betel nut farming giving farmers a major economic boost

Betel nut or locally termed as Doma has become a new source of income for people of Soonkosh under Rangthangling Gewog in Tsirang.

Central bank frames Priority Sector Lending guidelines

Recognising the potential growth of the Cottage and Small Industry (CSI) of the country, the Royal Monetary Authority (RMA) has developed Priority Sector lending guidelines which will mainly focus on providing loan at the preferential rate for the growth of both agriculture and non-agricultural CSI sectors in the country. As part of the preparation towards implementation of the guidelines, the first batch of ‘Capacity Building Training on Priority Sector Lending’ was held recently in Thimphu.

Bhutan gets GST exemption on services imported from India

Goods and Services Tax or GST on import of services from India to Bhutan are now exempted. This is as per the recent notification issued by the Central Board of Customs and Excise of India, upon Bhutan’s request to grant an exemption on import of services.

Bhutan drops two places in ease of doing business

Bhutan has dropped two places to 75th among 190 countries in terms of ease of doing business. This was reflected in the World Bank’s recently released report on ‘Ease of doing business.’

Tourism growth boosts handicrafts business

The rise in the number of tourists visiting the country in the recent years has helped the handicrafts shops along Thimphu’s main street, Norzin Lam, gain stronghold.

More shopkeepers registered with BoB for QR Code facility

An overwhelming number of shopkeepers have registered with the Bank of Bhutan (BoB) Quick Response or QR code facility. First of its kind, the “Scan to Pay” was launched last month to make payments seamless and easy.

Norgaygang farmers to tune into online auctions soon

Farmers in Norgaygang Gewog under Samtse will no longer have to worry for not having a proper auction yard to sell their main cash crop-cardamom. The Food Corporation of Bhutan (FCB) in collaboration with Royal Security Exchange of Bhutan (RSEB) is planning to launch an online auction for cardamoms.  

Copyright © 2018 BBSC.