The Bhutanese Leading the way.
An REDD+ section will be set up under the Watershed Management Division (WMD) as an immediate follow-up to the National Workshop on Reducing Emissions from Deforestation and Forest Degradation (REDD+). The agriculture ministry is yet to approve the proposal. REDD is an effort to create a financial value for stored …
Read More »Bumdeling and Khotokha designated as Ramsar sites
The Watershed Management Division (WMD) under the Department of Forest and Park Services (DoFPS) has designated Khotokha and Bumdeling as Ramsar site and it currently awaits approval from the Ramsar Secretariat. The Convention on Wetlands of International Importance is called the Ramsar Convention which deals with a particular ecosystem. It …
Read More »Thromde’s solution hits the dumpster
Close to 200 truckloads of soil dumped into the Thimchhu between the sewerage plant and the disposal site of Greener Way at Babesa encroached almost 20 meters into the river, and has nearly altered the flow of the river. The National Environment Commission (NEC) recently issued a letter to Thimphu …
Read More »The risk lies with the authority
The two contractors of the Punatsangchhu Hydropower Project (PHPA) II, Gammon (India) Ltd and Jaiprakash Associates, after having been awarded the work has insured with Royal Insurance Corporation of Bhutan (RICB). However, the Contractors All Risk (CAR) Policy which involves the basic civil structure works has not been insured by …
Read More »GoI approves 10bn Credit Line
Kuenzang Choden / Thimphu The economic affairs minister, Khandu Wangchuk who recently visited the Indian Capital to follow-up on the increase in the Line of Credit announced that the Indian Government has assured the increase from Rs 3bn to 10bn, in a press conference yesterday. “India itself is going through …
Read More »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 …
Read More »Government yet to close accounts with DCAL for mitigation works
The Dungsam Cement Authority Ltd (DCAL) which has spent more than Nu 16mn to mitigate damages caused by an artificial lake expects more disturbances at the site. This means more works to contain the situation. The amount spent to contain live-threats from the artificial lake was to be refunded by …
Read More »A strategy for carbon-neutrality
The pedestrian day took birth within a strategy that would guide the country to remain carbon neutral. The National Environment Commission (NEC) launched the National Strategy and Action Plan for Low Carbon Development- a document on carbon neutral strategy coinciding with the National Environment Day on June 5. The strategy …
Read More »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 …
Read More »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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