BUSINESS

Public Debt projected to increase over the years

bhutan-nu

The total debt projection for the period 2013-2014 and 2017-2018 shows an increasing trend. By the end of the period, the public debt figure is projected to be Nu 258.78 bn. The debt to GDP ratio will be over 120 percent, according to the report of the Royal Audit Authority …

Read More »

His Majesty graces the opening of 5th Parliament Session

His Majesty the King graced the opening session of the fifth session of the second Parliament yesterday. His Majesty was accompanied by Her Majesty the Gyaltsuen and Members of the Royal Family. His Majesty and Her Majesty were received in traditional chipdrel ceremony by the Prime Minister, National Council Chairperson, …

Read More »

The economy is improving: Economic Affairs Minister

During the 16th Meet-the-Press session, the Minister, Ministry of Economic Affairs, Norbu Wangchuk, said the economy is beginning to show signs of robustness. He said that the government had inherited an empty coffer, made worse by a debt of INR 5.4bn. He further said that they had inherited a growth …

Read More »

Blue kewa datshi anyone ?

w

If the on-going study by the Research and Development Centre (RDC) at Yusipang is successful, Bhutanese farmers, in addition to the current potatoes variety, will be soon able to cultivate one more variety called the Adirondack Blue potatoes. The Adirondack Blue is distinguished by its blue flesh as well as …

Read More »

IT Park down but not out

Setting up an IT park is one of three components of the Bhutan Private Sector Development Project, which was initiated by the Royal Government of Bhutan. Its main objective is to support the private sector-led economic growth that is capable of combating youth unemployment and to help to diversify the …

Read More »

More wildlife trespassing into human domain

The increasing incidences of wildlife encroaching into human territories and coming in direct confrontation with humans, even in urban areas, is evidence enough that the line of separation between human settlements and animal habitats are closing in. A general reason for the trend is due to the wildlife habitat fragmentation …

Read More »

From traditional to improved methods of oil processing

traditional

The Agriculture Machinery Centre (AMC), with support from the Jigme Dorji National Park (JDNP), has developed an improved method of oil extraction, in order to keep the organic oil production going. The traditional practice was found to be labour intensive and time consuming, discouraging the farmers from the oil extraction …

Read More »