BBSCL

The deadline to apply for loans under the Economic Stimulus Programme, ending tomorrow, will not be extended. However, for the Window I Concessional loans, if funds remain, the Bhutan Development Bank will reopen applications. Same applies to Window-II Reinvigoration Fund, but will be announced by all seven Participating Financial Institutions. The ESP loan which started receiving its application beginning September...

The Bhutan Chamber of Commerce and Industry or BCCI, has raised concerns regarding the government’s recent decision to disburse Economic Stimulus Programme loans through the Bhutan Development Bank. At a recent Private Sector Press Conference, the BCCI shared challenges such as the loans not covering many in the private sectors. Earlier this month, the government mandated that loans under the...

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...

The news of a shortage of wooden boxes to pack oranges was rife last year. However, it is a different story today. The orange season has just begun, and exporters no longer worry about a lack of packaging boxes. The local sawmills are now making enough boxes.  After the government stopped the import of boxes from India in 2022, production...