Business

Overseas drift shoves market to lackadaisical

… π‘Ίπ’‰π’“π’Šπ’π’Œπ’Šπ’π’ˆ 𝒐𝒇 π’Žπ’‚π’“π’Œπ’†π’• π’Šπ’ 𝒕𝒉𝒆 π’„π’π’–π’π’•π’“π’š 𝒄𝒐𝒖𝒍𝒅 π’‘π’π’•π’†π’π’•π’Šπ’‚π’π’π’š 𝒍𝒆𝒂𝒅 𝒕𝒐 π’Žπ’π’“π’† π’ƒπ’–π’”π’Šπ’π’†π’”π’” 𝒄𝒍𝒐𝒔𝒖𝒓𝒆𝒔 Tenzin LhadenAs it is, the Business owners were crying foul because their businesses have been affected by the pandemic. Post-pandemic, their hopes remain high that the road to recovery and normalcy would offset what they lost. But the road ahead had stored something else. Just as …

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Unregulated E- Commerce business a heaven for defrauders

By Sonam Deki According to the Regional Trade Office, Department of Trade, Ministry of Economic Affairs (MoEA), there are 111 E-commerce businesses registered with the department as of September 2, 2022.But this is not the only one; there are numerous unidentified online businesses that defraud customers and vendors alike.Online commerce (also known as electronic trade) is the exchange of goods …

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Uncertainity ahead for boulder market amidst global economy quandary

By Tenzin LhadenBoulders export to Bangladesh and India picked up in November and December of last year with over 15,000 metric tonnes and 21,000 metric tonnes of boulders exported in two months, according to the record with the BEA. The expectations of exporters remain unsure with global economy situation which has hit the country’s potential boulder and aggregate market with …

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STCBL’s focus is on Service Delivery: STCBL CEO

Q&A with Tshering Wangchuk, STCBL CEO By Puran Gurung Question 1: As the country’s main trading arm – what are some of your plans for State Trading Corporation Limited of Bhutan (STCBL) in the coming years? One focus that the STCBL will undertake over the next few years is setting up Fuel Retail Outlets (FPO) in the 20 Dzongkhags. Apart …

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GOVERNMENT CEASE OPERATIONS OF DRAYANGS, OWNERS SEEK COMPENSATION AND EMPLOYEES SEEK JOB REPLACEMENT

Articulating the drayang businesses compromising norms and values, the government through an executive order ceases operations of all the drayangs in the country with immediate effect. This was done through a series of reviews and consultations for over a year, and the decision comes after research, meetings, and intense consultations with various stakeholders – it came to the validation β€˜drayang …

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Piloting the Digital Ngultrum

The move is driven by Bhutan’s desire to enhance digital and cross-border payments. By Staff Reporter The Royal Monetary Authority (RMA) has partnered with Ripple to use its infrastructure to pilot a central bank digital currency. According to an announcement from Ripple, the move is set to expand the country’s financial inclusion efforts and extend its commitment to sustainability as it aims to become …

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