BBSCL

The country’s balance of payments for the first quarter of the 2024-25 financial year has been revised down by four per cent to Nu 12.5bn, primarily due to a growing trade deficit driven by rising imports. The balance of payments measures the net flow of money into and out of the country over a given period. Despite this revision, the...

Despite Bhutan’s goal of boosting the digital economy to contribute USD 300M to GDP by 2029, the IT sector remains ineligible for loans under the Economic Stimulus Programme. The Finance Minister explained that ESP loans are focused on sectors that directly support production and import substitution, categorizing the IT sector as part of the excluded services. As of last month,...

The country’s orange exporters are seeking to diversify their markets beyond Bangladesh and India, seeking better prices for their produce. The Industry, Commerce, and Employment Minister said Thailand could be a potential market. And the government is working to expand the market for local oranges. Orange exporters in the country have expressed dissatisfaction with the pricing they are receiving. However,...

In the highland communities such as Merak and Sakteng in Trashigang, where livelihoods rely heavily on livestock, the Sakteng Nyingje Jam Chong Tshogpa has become a lifeline. The centre has saved more than 1,500 calves from being culled, over the past six years, offering hope to herders and a future for the low-yielding cattle. These two types of calves are...