BUSINESS

GDP down to 4.63% in 2017 : NSB

According to the National Accounts Statistics 2018, released by the National Statistics Bureau, Bhutan’s economic growth plummeted by 3.39 percent last year with a total growth at 4.63 percent in 2017. The fall in the growth rate is attributed to a reduction in the generation of revenue by major sectors, …

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Man detained for battering his uncle and brother-in-law

Pasakha police under Chukha detained a 30-year-old man for battering his 53-year-old brother-in-law and 64-year-old uncle on 2 December at around 6:15 PM at Pana (c) under Sampheling gewog, Phuentsholing. The complainant informed police that the suspect absconded the crime scene after battering his uncle and brother-in-law. The police informed …

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Bhutan’s fuel consumption grew by 10% in 2017: NSB

According to the latest records published by the National Statistics Bureau (NSB), import of diesel grew by 10 percent in 2017, compared to 4 percent increase in 2016.  Import on petrol also increased by 8 percent as compared to 6 percent in 2016. Bhutan’s diesel import accounts for 78 percent …

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38 SOEs central to domestic revenue and government job creation

12 new SOEs had been established in the 11th plan State Owned Enterprises plays strategic roles in providing infrastructure and ensuring efficient public services and constitutes a major part of the economy. The SOEs in Bhutan are categorized into two groups- socially-oriented and commercially-oriented SOES. In the 11th FYP, the …

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New inclusive fiscal policy in line: Finance Minister

The new finance minister of Bhutan, Lyonpo Namgay Tshering, said that his top priority is tointroduce inclusive fiscal policies to gain self-sufficiency. “We plan to come up with inclusive fiscal policies with wide consultation with the public. As envisioned by His Majesty The King, we will be working towards promoting …

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