BUSINESS

KS Garment: Country’s first mass garment producer

KS Garment, one of the country’s first mass garment production company produces quality casual wares and designer puffer jackets with a blend of the country’s culture and fabric with western fabric with its brand made in Bhutan. Hoping to slowly replace the imported products, KS Garment is popular with niche …

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BCCI requests RMA on 6-month NPL cooling period

The Bhutan Chamber for Commerce and Industry (BCCI) said that the Royal Monetary Authority’s (RMA) strict guidelines for non-performing loans (NPL) has impacted the business sector of the country and they will be appealing to the RMA to ease the guidelines on behalf of the business sector. An NPL is …

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Look back at the economy, business and finance in 2022

The COVID-19 pandemic continued with its onslaught on slowing down the economic growth. The economy is still in its recovery mode. In the month of May, labour import and use were made more liberal to help revive the economy. The Royal Monetary Authority (RMA) froze loans of BDBL, RICBL, and …

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Foreign reserves to last for a year and half: PM

In the State of the Nation Address (SOTN), Prime Minister Dasho Dr Lotay Tshering briefed the nation on the status of the foreign reserves currently, at USD 776.63 million (mn).  According to the SOTN, the net financial inflows which finances the current account deficits has been decreasing due to lower …

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Watching World Cup matches and winning prizes using MPAY

Bhutanese World Cup fans can take part in two World Cup events supported by BNB. They can firstly watch live world cup matches for free on a large screen at the volleyball ground in Changlimithang in a collaboration between the Bhutan Football Federation and the Bhutan National Bank. The facility …

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