Dorji Choden

Initiatives to attract Foreign Direct Investment

The recent FDI Report 2023 reveals a total of 108 approved Foreign Direct Investment (FDI) projects in Bhutan, with 12 new projects sanctioned this year alone. Despite these positive numbers, the country still faces challenges with relatively low levels of FDI. In response, the Ministry of Industry, Commerce and Employment …

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Government working on simplifying ESP loan process

The Economic Stimulus Program (ESP) has received 422 applications totaling Nu 1,604.65 million from Participating Financial Institutions (PFIs) as of October 2024. So far, 41 proposals have been approved, amounting to Nu 29.72 million, marking an encouraging start for the initiative. ESP is designed to provide concessional loans at a …

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Finance Secretary lists measures to deal with NPLs

According to Ministry of Finance, the Non-Performing Loans (NPLs) in the trade and commerce sector are approximately 7.7 percent. In contrast, NPLs in the tourism and housing sectors are relatively low, at 1 percent and 2.2 percent. During the Meet-the-Press, the Finance Secretary, Leki Wangmo, shared, “This issue is largely …

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