BUSINESS

Coinciding with the auspicious day of Lord Buddha’s parinirvana, the government launched the logo commemorating the 40th birth anniversary of His Majesty The King on friday. The turning of the thousand-spoked golden wheel denotes secular and spiritual sovereignty protected by a universal Buddhist monarch. Equally the wheel symbolizes a beneficial …

In the capital, the Prime Minister, Leytsho Lopen, Cabinet ministers, opposition leader and representatives from other agencies attended the ceremony at the Guru Lhakhang in Tashichhodzong early morning. They offered prayers and lit a thousand butter lamps, Karme tongchoe. Greeting everyone on the auspicious day, Prime Minister Dr Lotay Tshering …

With India revealing the SOP for ‘Lockdown 5’ or ‘Unlock 1’ from 1 June 2020, the Minister of Economic Affairs, Lok Nath Sharma, is hopeful that there will be furthermore access to other items that are currently limited in the market due to operational production at sources or due to …

At the Meet-the-Press held on Friday, the Prime Minister (PM) and the Finance Minister (FM) shared some current insights into the government’s budgeting plans which will be delivered with much more detail on Monday when the National Assembly resumes. FM said the economic transformation was a hurdle that he and …

The Economic Affairs Minister yesterday said that the lockdown in India followed by some external factor had stopped the import of the non-essential items. He added that currently due to easing of the lockdown in India, the government is now in a position to facilitate the import of non-essential items. …

Meat shops in Thimphu are running low on meat stock ever since the ban of import of meat by the Ministry of Agriculture and Forests to reduce the possibility of COVID-19 coming into Bhutan. The steady supply of 300 kilograms (kgs) of local beef once in a week has stopped …

In order to promote healthy competition and protect consumers from being deceived through various malpractices in the market, the Office of Consumer Protection (OCP) under the Ministry of Economic Affairs (MoEA) signed a ‘Memorandum of Understanding’ (MoU) with the Bhutan Standard Bureau (BSB) on Thursday in Thimphu. This will also …

A report on acceleration and reprioritization of works in the agriculture sector for the 12th Five Year Plan (FYP) was released by the Economic Contingency Plan (ECP) Delivery Unit on 13 May. ECP’s committee focal officer said that the works had to be reprioritized due to the COVID-19 situation, with …

A tour guide could earn a minimum of Nu 30,000 per month during the peak tourist season in Bhutan. The income made was sufficient to support the family, make loan repayments, and save for the off-season months as well. Except for the Royal Kidu relief tour guides now make zero …

NPL interest waiver will benefit the banks too says PM With the economy coming to an effective halt due to COVID-19 and the hurt spreading to many sectors, one concern is many companies and individuals being unable to pay back their loans with no business or revenue. His Majesty’s interest …