Boulder export from P’ling still on halt

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Export of boulders from Phuentsholing has not resumed after it was stopped on April 17, following the third lockdown in the town.
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.
The RICB head office in Thimphukuensel

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. 
The RICB head office in Thimphukuensel

Thinkers say tough road awaits Bhutan’s economic recovery

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Bhutan has a tough road post-Covid-19 economic recovery, as India is one of the hardest hit economies.
The RICB head office in Thimphukuensel

Trade deficit narrows by 32 percent in first half

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Bhutan’s trade deficit declined by 32 percent in the first half of 2020 compared to figures for the same period of last year, provisional statistics published by the finance ministry show. In absolute figures, the trade deficit decreased to Nu 12.84 billion (B) from Nu 19B.
Each dredging company has to have a containment zonekuensel

Boulder export resumes 

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Boulder export from Phuentsholing has resumed since September 15 after it was suspended on March 23 when the border gate was sealed as the nation responded to the pandemic. 
The RICB head office in Thimphukuensel

Bhutan’s first govt. bond, worth Nu 3B, well-received 

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The issuance of the first-ever sovereign or government bond worth Nu 3 billion (B) with a three-year maturity period has been well-received and fully subscribed.
The RICB head office in Thimphukuensel

Bhutan and Bangladesh to sign preferential trade agreement

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Bhutan and Bangladesh have finalised the draft terms and conditions for signing a preferential trade agreement (PTA) that is expected to increase trade between the two countries.
The RICB head office in Thimphukuensel

Nu 3B soft loans availed from ADB and WB for Covid-19 related activities

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The government wants to keep the economy ticking over during the Covid-19 pandemic by boosting public spending, but there are challenges as the strategy is faced with not only budgetary constraints but also lack of skilled labour.
A busy Goedoe Lam in Phuentsholing A busy Goedoe Lam in Phuentsholing

Small-time shopkeepers see a long way to recovery

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The local economy in Phuentsholing is expected to gradually heal from the shock it suffered during the lockdown but the small-time shopkeepers are doubtful. 
The RICB head office in Thimphukuensel

Bhutan imported Nu 1B worth of dairy products in 6 months

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If import substitution is seen as a means for reviving the local economy, there is a huge scope in the dairy production sector.
The RICB head office in Thimphukuensel

RICBL offers opportunity to renew lapsed life insurance policy

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Have you updated your life insurance policy? You need not worry if you have not. In view of the difficulties faced by policyholders due to the Covid-19 pandemic, the Royal Insurance Corporation of Bhutan Limited (RICBL) is offering the opportunity with two options to renew the policy until December 31, 2020.
The RICB head office in Thimphukuensel

There is still hope for the economy to bounce back: FM 

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The economy is bad, but all hope is not lost, according to Finance Minister Namgay Tshering. “We are experiencing an economic slowdown, but it (economy) has not crashed. If our economy collapsed, there would be no hope,” Lyonpo said.