Daily life may have become for many routine, although it is for most still not free of its share of hassles. Now imagine that in a scenario where one has to sort out the usual daily activities at home, as well as doing an entirely different job as caring for …
Read More »145 acre Montanga SEZ to take off soon while 500 acre Dham Dhum stuck in land issues
The government will start work on the 145 acres Motanga Special Economic Zone in Samdrup Jongkhar by mid 2013. Unlike Jigmeling the government will own and operate the SEZ as DHI Infra will pump in Nu 100 mn of the equity while the government will put in another Nu 100 …
Read More »Bhutan to soon get Rs 5.5 bn from SAARC currency swap arrangement
Just as Bhutan’s rupee borrowings are about to touch the ceiling there could soon be some major relief as Bhutan will be entitled to get USD 100 mn or Rs 5.5 bn from the Reserve Bank of India for a period of six months. This is under the SAARC currency …
Read More »Thimphu Tech Park turns into a White Elephant
The management is optimistic but with little or no commercial takers at all the country’s first IT Park continues to remain vacant The future of the thirteen month old Nu 285mn worth Thimphu TechPark Pvt. Ltd. (TTPL) still looks bleak as it has failed to attract big companies from …
Read More »BKP and DCT formally registered on the first day of the New Year
The election commission announced that both parties though registered have to fulfill a few more obligations to take part in the 2013 race The Election Commission of Bhutan (ECB), yesterday formally announced the approval of the registration of Druk Chirwang Tshogpa (DCT) and Bhutan Kuen-Nyam Party (BKP) as political parties. This …
Read More »STCBL goes into five new businesses to avoid downsizing
STCBL says that downsizing will happen if the economic environment does not improve this year The much speculated and dreaded downsizing of staff at the State Trading Corporation Limited (STCBL) will not take place for now. The company instead has decided to transfer its 26 sales staff into five new …
Read More »Government’s austerity measures hits the economy
The cost cutting measures adopted by all government agencies as notified by the finance ministry in the wake of the country’s Indian Rupee (INR) shortfall and liquidity crisis has had a visible impact across the country, particularly in the private sector. In the fiscal year (FY) 2012-2013 budgets, provisions for …
Read More »First NC candidate from Ramjar is a corporate employee
Ramjar gewog of the Thongkozor village in Trashiyangtse Dzongkhag has its first National Council (NC) candidate for the 2013 elections. Backed by more than two decades of service with the State Trading Corporation of Bhutan Limited (STCBL) Karma Gyeltshen, 44 popular among friends as Dotula retired from his post as …
Read More »National Talent Hunt returns to pick fresh ones fresh
The live realty TV show with the youngest contestants in the country has hit the screen again with a bang Back by huge popular demand and believed to be the most popular of its kind, the National Talent Hunt (NTH), now into its third season is and has turned out …
Read More »A crisis that may go beyond the Rupee and Credit shortfall
While the current economic situation hasn’t shown any signs of abating, it could give birth to a much more severe financial predicament. With all the banking institutions closing their accounts for the year, banks are finding increased numbers of non-performing and defaulting loans. Commercial banks have already alerted their customers …
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The Bhutanese Leading the way.