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Share prices of major players fall despite active trading
Free internet in the pipe line
Poultry farms declining in Punakha
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
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
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
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
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
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
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.
