BUSINESS

84 drug arrests in June

Thimphu police made 84 arrests in June in connection with illicit trafficking of drugs and substance abuse. Of the total, 57 cases were forwarded to Bhutan Narcotic Control Authority (BNCA) for counseling    while 28 were held for Illicit trafficking of Narcotic Drugs and Psychotropic Substances (NDPS). Of the 57 cases …

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PM fires back on DNT’s allegations over FI

Not taking it lying down the Prime Minister accused the Druk Nyamrup Tshogpa (DNT) of effectively seeking attention from the media to show it is alive as the reason for its press release demanding the resignation of the PM and the Finance Minister over the Fiscal Incentives. Lyonchhen accused the …

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Cabinet talks of media access

During the meet the press conference yesterday in the capital the education minister in response to a question said the ministry did not issue any instructions disallowing central schools to speak to media. “I need to check what kind of instructions have been received by the central schools, there seems …

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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

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

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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