BUSINESS

Unemployment down beyond set-target, PM

Youth unemployment rate has declined from 9.3% to 7.3% this year according to the Labor Force Survey Report of 2012. The PM in his state-of-the-nation report credited it to good policies, good governance and sustained growth. It was found that jobseekers aspire d to take up white collar jobs and …

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Meeting for hydropower joint-venture a success

In a meeting held on last week with an Indian delegation, Chamkhar Chu, Kholong Chu, Bunakha and Wang Chu projects were accepted by the Indian delegation to be included under the joint venture project. The Bhutanese delegation was lead by the secretary of the economic affairs, Sonam Tshering for to …

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RICB puts-up more insurance offerings

The Royal Insurance Corporation of Bhutan (RICBL) is offering additional designed products with complete coverage terms and conditions, including benefits designed to insure its customers. RICBL currently has about 30 schemes and services. With an array of attractive products in its kitty, the RICBL believes their new products will cover …

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Showroom employees pray for more customers

Most employees in vehicle showrooms have been in fear since the Rupee crunch that their jobs are treading the thin line. With sales still stagnated due to the  wait for a confirmed status on the revised vehicle taxes, and the customers put-on wait for banks to lift the suspension on …

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Improving the domestic payment system

The Royal Monetary Authority (RMA) will tie-up with the Reserve Bank of India sometime between the third or fourth quarter of this year, on the cross border connectivity to enable the shared payment network. This plan falls under the Bhutan Financial Switch (BFS) project, which is being done in collaboration …

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Government of Bhutan invited Benninger, says PRO

The representative for Christopher Benninger defended the legality and legitimacy of the Indian-American architect on grounds that the government of Bhutan invited the ‘unregistered foreign consultant’ to design the new Pemagatshel dzong. In an e-mailed response to The Bhutanese, Benninger’s Public Relations Officer (PRO), Ramprasad Akkisetti said they were not …

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NC in favor of RTI but not in haste

Majority for a more comprehensive one that comes through consideration and discussion The private member draft RTI bill sponsored and proposed by National Council (NC) member Sangay Khandu failed to garner the required-support to be tabled as an urgent bill in the 10th parliamentary session following discussions in the NC …

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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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