BUSINESS

Constant complications in the ATM (Automated Teller Machine) money transactions have left customers frustrated with the disorderly machines and the banks. Customers who have encountered such problems have grown annoyingly familiar with the computer generated message on the ATM screens in the event of failed transactions. The message either tells …

The new service centre, BHSL once operational will cater to all hydropower projects in the country and beyond Bhutan will gradually open-up partnership and investment doors to other international companies. Earlier this month, Alstom and Druk Green Power Corporation (DGPC) announced that they will establish a state-of-the-art hydropower service centre, …

Issues remain far from solved after 130 contractors met the Prime Minister Lyonchen Jigmi Y. Thinley last May, to discuss solutions for problems faced in their line of work. The Construction Association Board (CAB) Secretary, Cheku Drukpa said they were helpless since none of the issues submitted were solved even …

The Royal Manas National Park (RMNP) under the support from project – Tiger Conservation in Greater Manas, is in a drive to provide Environment Education (through EE camp) to some 16 schools located in and around its jurisdiction. The EE camp is being conducted on the theme, “Educate Youth to …

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 …

School faculty members are of the opinion that stipends of boarding students need to be increased in the face of the Rupee crisis-induced environment. The faculty made the submission on the premise that in the serious turn that Rupee crunch made in the country, vegetable import had been restricted whereby …

Studying the loopholes in the financial sector, the Royal Monetary Authority (RMA) and the Financial Institutions (FIs) have concurred to establish a self-sustaining Financial Institutions Training Institute (FITI) for the FIs of Bhutan. This institute, which could be an efficient financial intermediate, is the first of its kind in the …

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 …

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 …

The Secretariat for the new economy has been formed which is the first step toward the establishment of a new commission to be formed by the Prime Minister, Jigme Y. Thinley as proposed at the UN Conference in New York conference in April. “The Executive order is not to form …