BUSINESS

The biggest housing complex in Thimphu

Thimphu’s biggest housing complex will be constructed at Gangchay, a forestry land, little away from the Thimphu Gate. This 30 acre land which falls at the periphery of the municipality boundary is a National Housing and Development Corporation’s (NHDC) project; this complex will be larger than the current Changjiji housing …

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Pot-holed road wear travelers’ patience

The 60 km road which is the main road that enables Indo-Bhutan trade and connects Gomtu residents to other part of the region is plagued with giant potholes, but has not been repaired for a while. The Head of the Administrative section under Penden Cement Authority Limited (PCAL) Thinley Tenzin …

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Education and Agriculture sector prioritized

In the face of Indian Rupee (INR) shortfall and excessive consumer goods imports, the finance ministry has allocated a fair percentage of the total budget towards the agriculture sector. The maximum budget, as always was allocated for the education sector. The report presented by finance minister Wangdi Norbu to the …

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Entire nation is responsible for INR

Who should be held responsible for the INR shortfall? asked Opposition Leader (OL) Tshering Tobgay to the finance minister at the Q&A session in the National Assembly (NA). The OL said in the last session “When I said there is a problem, the government denied it”. Today, apart from selling …

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ATM eats our money,

Constant complications in the ATM (Automated Teller Machine) money transactions have left customers frustrated with the disorderly machines and the banks. Customers who have encountered such problems have grown annoyingly familiar with the computer generated message on the ATM screens in the event of failed transactions. The message either tells …

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Bhutan looks beyond India for hydropower business

The new service centre, BHSL once operational will cater to all hydropower projects in the country and beyond Bhutan will gradually open-up partnership and investment doors to other international companies. Earlier this month, Alstom and Druk Green Power Corporation (DGPC) announced that they will establish a state-of-the-art hydropower service centre, …

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Contractors remain unsatisfied

Issues remain far from solved after 130 contractors met the Prime Minister Lyonchen Jigmi Y. Thinley last May, to discuss solutions for problems faced in their line of work. The Construction Association Board (CAB) Secretary, Cheku Drukpa said they were helpless since none of the issues submitted were solved even …

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Environmental Education Camps to save the Tigers

The Royal Manas National Park (RMNP) under the support from project – Tiger Conservation in Greater Manas, is in a drive to provide Environment Education (through EE camp) to some 16 schools located in and around its jurisdiction. The EE camp is being conducted on the theme, “Educate Youth to …

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A Regulation to issue corporate bonds

To appraise concerns raised in light of limited access to finance the Bhutanese corporate bodies, the economic affairs ministry has developed the Regulations for Issue of Corporate Bonds, 2012 under the Companies Act of 2000. The regulation would also address the lack of securities in the market for the investors …

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