BUSINESS

Cabbages bought at Nu 19 per Kg from farmers and sold at Nu 5.5 per Kg According to the Chief Executive Officer (CEO) of Food Corporation of Bhutan (FCB) Limited, Naiten Wangchuk, the COVID-19 pandemic is severely affecting the export business. “Export is becoming difficult in the course of COVID-19. …

Thimphu Thrompon Kinlay Dorjee said that one of the main reasons why there is overflowing of drains is because of the waste being dumped in the drains. “People without even getting permission or asking anyone fit their pipe along the drain and the waste gets stuck around the pipe and …

As the country focuses on producing local vegetables amid COVID-19, the vegetables vendors at the Centenary Farmers’ Market (CFM) stated that their business has gone down due to absence of foreign labourers, people ordering the vegetables and fruits online and excess production. Dechen Dema, 38, said that most of her …

To address the unemployment issue in the country and to substitute for foreign laborers, the Build Bhutan Project (BBP) with a total budget outlay of Nu 1.040 bn was launched. The project intends to to mobilize, create and manage a pool of skilled workforce to meet the requirements in the …

A senior government official said that there is misunderstanding on the National Assembly not accepting the National Council recommendation to continue allocating mines (new mines and those mines whose leases expires) to SMCL till the process of amending the mines and minerals management Act is completed. He said, “The suggested …

Over production of local farm produce should not be an issue: Agriculture Minister Agriculture Minister Yeshey Penjor said FCBL is to implement the Buyback Scheme for farm produce and so the government has provided them with the overdraft (OD) facility. The OD from the bank is to ensure that the …

Economic Affairs Minister Lok Nath Sharma yesterday said that the relief measures provided to the small, cottage and medium and large companies in the form of working capital loans have so far ensured the production and operation for industries within Bhutan. He stated that the recommendation towards Financial Institutions and …

All the businesses in 20 dzongkhags whose closing time had been curtailed to 7 pm can resume with extension of closing time till 9 pm starting from July 1, 2020 except for those specified under later phases. Earlier the government imposed the 7 pm rule to prevent community transmission. Karaoke, …

Ministry of Agriculture and Forests (MoAF) is implementing a water flagship program to tackle the shortage of water for irrigation. According to the Agriculture Minister Yeshey Penjor, the government cannot assure 100 percent irrigation water supply due to the unreliable water sources. “Irrigation is dependent on water resources which measurably …

Shopkeepers and locals residing in border towns of the country were anticipating a shift in the market share as the borders are currently closed and locals who used to previously rely on the Indian border towns to get their shopping done had to avail the items from the internal market. …