BUSINESS

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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25 local govt officials head to Japan for leadership training

Around 25 Bhutanese officials will be sent to Japan in October this year for a leadership course in local governance. Since 2003, the Japan International Cooperation Agency (JICA) has been sending local government officials to Japan for leadership training courses to help enhance good governance skills and practices. “The Japanese …

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Labor ministry intent on creating own skilled workforce

There are 54,821 foreign workers with work permits and at the least 20,000 day workers in Phuentsholing, Gomtu, Samtse, Samdrup Jongkhar and other border areas. With 74,000 expatriates workers there is a rupee outflow of more than Nu 7bn a year. This was stated by the labor minister, Lyonpo Dorji …

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