Pasakha industrykuensel

Ferrosilicon price hits a record high 

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The ferrosilicon export price has hit a record price with a metric tonne (MT) earning as high as Nu 107,000 today. The lowest price for 1MT of ferrosilicon is Nu 102,000. 
Traders from across the border deposit the Ngultrumkuensel

Govt. expects strong economic recovery next fiscal year

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The government is optimistic that the economy will see significant improvement and rebound strongly after the completion of the Covid-19 vaccination drive.
Traders from across the border deposit the Ngultrumkuensel

Inflation slows in the third quarter

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Inflation has slowed down as of November after a record high in September 2020 when commodity prices were sent ratcheting by the Covid-19-induced disruptions in food supplies. 
Traders from across the border deposit the Ngultrumkuensel

Share prices of major players fall despite active trading 

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The economic slowdown caused by the pandemic did very little to hurt the stock market enough. The stock market in the country remained active as ever recording a trading of shares worth Nu 863 million (M) in the secondary market last year.
Traders from across the border deposit the Ngultrumkuensel

Remittance inflow grows despite Covid-19

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Inward foreign remittance grew significantly last year despite the Covid-19 pandemic effecting the global economy badly. The Royal Monetary Authority (RMA) in one of its latest reports revealed that the country received a total USD 159.24 million (approximately Nu 11.7 billion) remittance in 2020.
Traders from across the border deposit the Ngultrumkuensel

Hydropower generation increased by 31 percent in 2020

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While almost all the sectors of the economy took a severe hit in 2020 due to the Covid-19 pandemic, hydropower saw a significant growth with energy generation increasing by 31.45 percent.
Traders from across the border deposit the Ngultrumkuensel

Food prices drive inflation amid Covid-19

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Prices of goods rose by 7.75 percent in October 2020 compared to the same month in the previous year, the National Statistics Bureau (NSB) reported in its latest CPI report released on December 31, 2021.
Traders from across the border deposit the Ngultrumkuensel

RMA records more digital transactions in second lockdown

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The Royal Monetary Authority (RMA) has recorded a significant increase in mobile payments during the second lockdown as compared to the records of the first lockdown, indicating an increasing preference for digital payments.
Traders from across the border deposit the Ngultrumkuensel

Govt. focusing on minimising impact of lockdown

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The government is trying to minimise the impact of the second nationwide lockdown as the number of Covid-19 cases continues to increase.
Traders from across the border deposit the Ngultrumkuensel

Strong dollar makes external borrowings meaningful

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The appreciation of the US dollar (USD) against the ngultrum has come as some relief to the economy, which has been affected by the COVID-19 pandemic.
Traders from across the border deposit the Ngultrumkuensel

Trade deficit improves by -32.42 percent in 2019

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A National Statistics Bureau report shows that Bhutan’s trade deficit improved by -32.42 percent last year. The trade balance in current prices was recorded at a deficit of Nu 29.124 billion (B) in 2019, which accounted for 16.34 percent of the GDP.
Traders from across the border deposit the Ngultrumkuensel

Nu 843M remitted to Jaigaon merchants

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The Royal Monetary Authority (RMA) has remitted Indian Currency (IC) Rs 843.45 million (M) for the merchants in Jaigaon. The remittance programme, the seventh this year, initiated on October 24, concluded yesterday.
Traders from across the border deposit the Ngultrumkuensel

Inflation slows in August

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In what could be read as a positive sign, the inflation rate decreased in August after a record high commodity prices in July that were sent ratcheting up by the Covid-19-induced disruptions in food supplies.