BBSCL

The country’s foreign currency reserve stands at USD 860 M as of February this year, holding steady despite global uncertainties. The central bank attributes this to strong inflows from hydropower exports, loans and grants, and inward remittances from Bhutanese living abroad. The central bank stated that the current reserve level meets the constitutional requirement of covering at least one year’s...

The loan deferment period for hotels is set to end in June. According to the Hotel and Restaurant Association, nearly 70 per cent of hotels are still not in a position to begin repaying their loans. The association is now urging the government to provide Economic Stimulus Programme (ESP) loans to affected hotels and to grant an additional one-year deferment...

The cultivation of pineapples is steadily rising each year in Pema Gatshel. Traditionally, farmers have focused solely on selling the fruit in local markets and factories, making it a vital source of income for many in the region. However, an innovative graduate from Durungri is preparing to transform pineapple leaves into a valuable textile fibre. Durungri village, located in Dungmin...

The Asian Development Bank projected that the country’s economy will grow at 8.5 per cent this year. However, in its outlook report, the ADB says the country needs to strengthen its financial sector to achieve this growth. According to the report, currently, the country’s financial system lacks depth and inclusivity. Limited access to credit, especially for small businesses and rural...