BNBL posts record Nu 237mn loss in first half of 2022

The loss dropped by Nu 925mn as compared to the loss of Nu 1,162mn, last year The financial statement of the first half of Bhutan National Bank Limited (BNBL) this year revealed a loss of Nu 237mn under Bhutanese Accounting Standards (BAS). The loss dropped by Nu 925mn as compared to the loss of Nu […]

Inflation is painfully high, but it should ease soon

The Consumer Inflation figure for July this year is 6.61%. The report is disquieting. Gasoline prices are seemingly breaking new record highs on almost a monthly basis, food costs are soaring, and housing is becoming increasingly unaffordable. The persistence of high inflation in Bhutan has been a surprise, certainly to me. Indeed, the quickly rising prices are due […]