BUSINESS

  BoBL takes a major chunk of the T-bills for the second time in a row The government’s 30-day Treasury bills (T-bills) worth Nu 1 billion was oversubscribed by Nu 210 million. It was sold at a discount rate of 3%. The T-bills floated by the Royal Monetary Authority on …

Despite ongoing works to light up the Gelephu international gateway, the country’s second internet gateway which was supposed to be lit last year has still not been operationalised. Bhutan Telecom Limited (BTL) confirmed that the prolonged rental negotiations with Bharti Airtel in India were finalized by the end of last …

This is a key policy change as earlier private sector investment and FDI was not allowed in the hydropower sector.   In a departure from its past policy the government will now allow Private firms to construct, own and operate small hydro power projects. This is as per the latest …

About 18 potential bidders from big and powerful  Indian companies like Tata, Mahendra, Lanco, Ambuja and Hindustan Construction were amongst others who had shown interest to start the Education City project, but at the end its just one bidder, Infinity InfoTech Parks Ltd which is now collaborating with Infrastructure Leasing …

The project Helping Environment, Health and Economy (HEHE),  initiated with much enthusiasm by the Ministry of Agriculture and Forests (MoAF) in August 2008 has made little impact, with the number of car users continuing to  shoot up in recent years, even posing threats to pedestrians. The MoAF staff headed by …

Despite efforts made by the Intellectual Property Division (IPD) to create awareness on the Intellectual Property (IP) Rights, Bhutanese artists, mainly musicians, are least interested in exercising their rights. On February 1, the IPD office encouraged interested parties to apply for the voluntary deposit and registration of their copyrights with …

Tshering Chonzom, head of the Radhi weavers group, saw the Dorjibi weaving center in Bumthang on BBS TV and wondered why she was still waiting. Today she is in Thimphu (again), seeking funds for her own geog’s weaving center, whose growth, so far, has been rickety at best. “I am …

The Department of Roads (DoR) will soon start boundary works for the proposed Education City even while the project is still in its infancy and has not seen any serious interest from developers. Apart from the boundary works, the developer has to bear the costs for technical designing, survey and …

After the formation of a jersey group in this gewog, villagers were told milk would be collected from houses for sale, creating a good economic opportunity. Sixteen households joined the group and each member has a jersey cow or two. The members were given a loan of Nu 50,000 to …

With the new Road Safety and Transport      Authority( RSTA) rule, all taxis in the country will be either red or white with a dash of yellow atop.  “When we have so many colors it becomes so colorful and it is difficult a layman to identify a taxi,” said Karma Pemba, …