BUSINESS

First financial training institute to be established

Studying the loopholes in the financial sector, the Royal Monetary Authority (RMA) and the Financial Institutions (FIs) have concurred to establish a self-sustaining Financial Institutions Training Institute (FITI) for the FIs of Bhutan. This institute, which could be an efficient financial intermediate, is the first of its kind in the …

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Dungsam to float shares once in operation

The Druk Holdings and Investment (DHI) shared its intention to welcome public to buy shares in Dungsam Cement Project and the recently commissioned Dungsam Polymers. The prospectus on divesting 49 percent shares from the polymer is being worked on. Chief Executive Officer (CEO) of DHI, Karma Yonten said that in …

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DHI grows in billions but slightly dips in income

The Druk Holding and Investments (DHI), declared a net worth growth of Nu four billion from Nu 60.41bn in 2010 to Nu 64bn in 2011, but there has been a decrease in income by 2.43% owing to the decline in the profit made by two portfolio companies, Druk Green Power …

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BTN depreciates by 20%

The INR crunch has brought the value of the BTN down by 20%. This means that Nu 100 is equivalent to Rs 80. People are now willing to pay an extra 20% BTN in order to get  supplies at the border towns. There are two factors determining this: one is …

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Quality assurance management workshop for training providers

Around 39 participants from private training providers and technical training institutes gathered for a first-time workshop on quality assurance management in training institutes conducted by the Department of Occupational Standard (DOS) under the labor ministry on 4th May in Paro. According to the Head of the Quality Assurance Division, labor …

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