BUSINESS

First Degree in Mechanical Engineering in Bhutan from next year

The Royal University of Bhutan (RUB) will offer bachelor’s degree in mechanical engineering (ME) from July next year at the Jigme Namgyal Engineering College (JNEC) in Dewathang, Samdrup Jongkhar. As of now mechanical engineering is offered only at a diploma level. The first mechanical engineering diploma course was started in …

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PAC reviews five Performance Audit Reports

The Public Accounts Committee (PAC) reviewed five Performance Audit Reports (PARs) listed by Royal Audit Authority (RAA) during the 7th and 8th session of the second parliament that were issued from April to August 2016. The report also includes consolidated review reports submitted to the Committee by RAA dated 30 …

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Thimphu TechPark makes a profit for 2016

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The Thimphu TechPark Limited (TTPL) according to the company’s annual performance report, TTPL earned a modest profit of Nu. 5.035 mn in the year 2016 which is a huge increase compared to Nu.1.75 mn in 2015. The company which is categorized as a Special Economic Zone is currently under tax …

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Drukair’s goes from loss to profit

Drukair, the national carrier, made a profit of Nu 99.03 million in 2016, a vast financial improvement from 2015 when it suffered a loss of Nu 32.44 million, according to the airline’s annual performance report. Drukair operated 4,433 flights in 2016, an increase of 240 flights compared to the year …

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DHI sees 17% increase in income and profit for 2016

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The Druk Holding and Investments (DHI) itself earned an income of Nu. 7,383.740 million in 2016, a 17 percent increase from the previous year according to its annual report. A total of 97 percent of the income was dividend from its 20 subsidiaries in energy, manufacturing, trading, finance, communications and …

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Two killed, one injured in car crash

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Two men were killed on the spot and a third suffered back injuries when the car they were travelling fell 40 meters below the road near Toribari, 4 KM from the Pasakha police station on Thursday evening in Phuentsholing. The car was travelling to Pasakha from Phuentsholing when the mishap …

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29 arrested for gambling

Thimphu Police are cracking down on gambling, deemed illegal by law, and have so far arrested 29 people engaged in playing cards or rolling the dice for money, this month. Six people were arrested on May 9 from Dechencholing, five people on May 22 from Changzamtog and three people on …

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PM tells NC Tourism sector is vibrant and well directed

The Economic Affairs Committee of the National Council conducted a detailed review of the tourism sector and found several issues, which called for the government’s immediate attention. Nine recommendations were sent to the government and one to the Royal Audit Authority (RAA) to conduct a special audit and ascertain the …

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