The Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) has proposed to sign a memorandum of understanding (MoU) with Bhutan Chamber of Commerce and Industry (BCCI) on May 29. A 40-member business delegation led by A K Azad, president of the FBCCI will be in Bhutan from May 28 …
Read More »Bhutanese consumers pay more than export rate for power
While you will pay Nu 2.14 per unit from July 2012 for more than 300 units of power, Bhutan exports power at Nu 1.98 per unit to India. There is also concern that Bhutan’s export tariffs are too low in the context of the rupee crisis. Next time you …
Read More »BCCI study shows that government spending is main cause of rupee crisis
A government appointed taskforce compromising of civil servants said that the Private sector and private consumption are the main causes of the rupee crisis. This has led to a severe credit crunch especially for the private sector bringing the Bhutanese economy to a virtual halt. However, a study by …
Read More »RMA Governor slams media reports, said individuals fueled the rupee shortage not the private sector alone
Do not confuse private individual consumption and private sector consumption, said the central bank Governor Daw Tenzin stressed at a conference with the private sector yesterday, here in the capital. He was referring to the cause of Indian Rupee (INR) crunch exacerbating by the day for which the private sector …
Read More »Private sector hit hard with RMA’s credit crunch
In the aftermath of the Royal Monetary Authority’s (RMA) directive to stall all domestic loans, the majority of the businesses have been affected, and the ripples being felt by the construction industry and car dealers are the worst. The INR crunch makes it even worse. President of the Construction Association …
Read More »A scan for business opportunities in the east unveils economic potential despite hurdles
A high level scanning was carried out by the Druk Holdings and Investment (DHI) to identify business and economic opportunities in eastern Bhutan. The business opportunities identified are cement bonded particle board, Silicon Carbide, fruit processing, gypsum-based value-added product, industrial township development and maintenance, maize processing (Industrial Starch), dolomite refractory …
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