E-commerce picks up, as Covid-19 discourage outing

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You name it— foods, clothes, books, drink and online fitness classes—global Covid-19 pandemic has created a massive demand for e-commerce and online shopping platforms in recent months within the country.
The export season lasts until late Februarykuensel

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. 
The export season lasts until late Februarykuensel

BIT and CIT deadline deferred to June 30

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Business Income Tax (BIT) and Corporate Income Tax (CIT) filing for 2019 has been deferred until June 30. As if they knew it was coming, not many paid the CIT or the BIT although the deadline to file the tax ends on March 31, two working days from today.
The export season lasts until late Februarykuensel

COVID-19: Immediate need to keep tourism employees economically engaged

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The two-week tourist ban due to the novel coronavirus (COVID-19) scare, which is expected to prolong, will hit the livelihoods of thousands of employees in the tourism and allied sectors. 
The export season lasts until late Februarykuensel

Seven percent GST across all board will eliminate 11 BST slabs

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Should the Parliament pass the GST law, tax regime in the country would be digitised and integrated through an on-line platform. During a consultative meeting with the members of the private sector at the Bhutan Chamber of Commerce and Industries (BCCI) office yesterday, Lyonchhen Dr Lotay Tshering said that GST is the way forward to institute a 21st-century tax regime.
In Toorsa: Labourers segregate orangeskuensel

Good quality, poor production

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Although the arrival of oranges at the depots in Phuentsholing this season has decreased, exporters in Phuentsholing said the quality has improved.
The export season lasts until late Februarykuensel

Govt. working to absorb short-term shocks and set an economic roadmap

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The 21st century economic roadmap must begin with the change in mindset and this new way of thinking should be ingrained in every Bhutanese mind, Prime Minister Dr Lotay Tshering said.
The export season lasts until late Februarykuensel

Share trading in the secondary market increases three-folds

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Share trading in the secondary market has hit the roof, with more than 23M shares being bought and sold by individuals and institutions amounting to more Nu 2.2B transactions.
The export season lasts until late Februarykuensel

High NPL in tourism and service incurs Nu 2.5B loss to FIs

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The financial sector in the country has suffered a loss of Nu 2.54B in September this year due to increased interest expense and non-performing loans (NPL).
A kilogram of onion costs Nu 140 in Thimphukuensel

Onion becoming increasingly unaffordable

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Never in her 15 years as a vegetable dealer did Sangay Bhuti see the price of onion go up so high. Price rise have hit the consumers, not least those low-income bracket.

Gross national savings at Nu 42B

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The country’s economy witnessed a Gross National Savings of Nu 41.9B in 2018 against Nu 41.6B in 2017, a slight increase by about Nu 351.74M.
The export season lasts until late Februarykuensel

Poor yield worries mandarin exporters in Gelephu

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There has not been enough supply this season at the orange depot above the sewerage treatment plant in Gelephu. 
The export season lasts until late Februarykuensel

GDP growth plunges to 3 percent in 2018

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Since the onset of democracy, one peculiar trend in the economic growth rate has been the plunging GDP growth rate towards the end of the elected government’s tenure or the Five Year Plan.