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...

Lingzhi Gewog in Thimphu is struggling with increasing waste. Without a proper disposal facility, residents and local leaders said they are left with no choice but to bury the waste. They are worried that this practice could have long-term environmental consequences. The trail from Naro to Lingzhi Gewog centre takes three days on foot. It winds through snow-covered passes and...

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...

Factory owners in Phuentshogling’s Damdara industrial area are calling for a deadline extension to relocate their factories to Dhamdum Industrial Park in Samtse. The Phuentshogling Thromde has set a relocation deadline for mid-next year. Worried about the time frame, business owners are planning to appeal to the prime minister. They are also asking for a freeze on the land lease...