Fuel prices continue to drop

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Fuel prices have dipped to almost a decade low owing to Covid-19 pandemic.   The petrol price in Thimphu has decreased to Nu 49.91 a litre. A litre of diesel now costs Nu 46.73. 

Directive on LPG cylinders leaves depots vacant

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LPG: The department of trade’s letter asking the Indian Oil Corporation Limited (IOCL) to not refill expired LPG cylinders from Bhutanese dealers has left the depots in Phuentsholing with no LPG cylinders to issue.

Council passes budget bills with some caveats

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NC: The National Council yesterday dissected the government’s annual budget report, pointed out flaws and made several recommendations.

Free internet in the pipe line

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ICT: An information access centre which will allow any individuals…

Poultry farms declining in Punakha

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Farm: In what could be a setback for the government’s plan to achieve self-sufficiency in poultry products, the trend of poultry farming over the years has declined in Punakha and farmers are opting out of the business.

Bhutan Telecom increases data tariff

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However the company recently reduced its call rate to India

Mobile: In response to more customers using mobile applications like WeChat and Viber, among others, Bhutan Telecom has increased the price of its mobile internet, last month.

Corporation files case against auction yard cashier

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FCBL: The Food Corporation of Bhutan limited (FCBL) recently filed a case with the Phuentsholing dungkhag court against its auction yard cashier, after the corporation learnt about a shortage of about Nu 3.2M (million).

Ferro silicon industries staring down the barrel

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Third and final power tariff revision might sound death knell for industrial sector

Electricity: With the third and the final power tariff revision that will come to effect from July this year, ferrosilicon industries in Pasakha are now facing a question of sustainability.

Indo-Bhutan trade transcends diplomatic ties

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Relation is most liberal and oldest free trade agreement, say officials from both sides

Commerce: With the ferro silicon industries facing stiff competition from those in China and Vietnam, the government has requested the Indian government to provide preference to Bhutanese ferro silicon.

Trade deficit at Nu 9B in the first quarter of 2015

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Deficit narrowed by about Nu 100M last year compared with 2013

Statistics: The country’s trade deficit, excluding trade in electricity, is estimated at around Nu 9B (billion) between January to March this year.  Balance of trade with India alone accounts for more than Nu 7B of deficit.

Dungsam to raise another Nu 1.5B in bond

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This is the third series of bond the company issued

Bond: The Dungsam Cement Corporation Limited (DCCL) has floated its third series of bond worth Nu 1.5B (billion) at eight percent coupon rate to prepay the company’s high interest bearing loans.

PAC recommends a debt management Act

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With external debt projected to reach Nu 258B by the end of 11th…

Bhutan ranks 87th in latest Human Capital Index

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WEF Report: Bhutan is placed 87th out of 124 countries in the…