BBSCL

For generations, the people of Merak in Trashigang have relied heavily on firewood for cooking and keeping warm during the harsh winters. But since the village was electrified in late 2011, firewood consumption has seen a steady decline. Today, many households use electrical appliances and gas cylinders for their daily needs.  According to records maintained by the Sakteng Wildlife Sanctuary...

Farming is gradually turning out to be a lucrative venture for many farmers across the country, particularly for those willing to embrace change. This narrative is true for a middle-aged man from Trashigang’s Lumang Gewog who has been earning a substantial income since he started mixed farming around six years ago. 54-year-old Chedup from Riserboo in Lumang Gewog uses a...

The country’s foreign currency reserve stands at USD 860 M as of February this year, holding steady despite global uncertainties. The central bank attributes this to strong inflows from hydropower exports, loans and grants, and inward remittances from Bhutanese living abroad. The central bank stated that the current reserve level meets the constitutional requirement of covering at least one year’s...

The Asian Development Bank projected that the country’s economy will grow at 8.5 per cent this year. However, in its outlook report, the ADB says the country needs to strengthen its financial sector to achieve this growth. According to the report, currently, the country’s financial system lacks depth and inclusivity. Limited access to credit, especially for small businesses and rural...