BUSINESS

The agriculture ministry signed a one-year Memorandum of Understanding (MoU) with Samden Group to initiate a joint research to propagate locally grown Sea-buck thorn (Hippophae spp. of Elaeagnaceae family). The MoAF Secretary said sea-buck thorn is a commercially viable operation. “This MoU will take us one-step closer to realize the …

The Rickety Debsi Bridge in Chang gewog in Thimphu is finally under renovation, and this time round funded from the gewog Budget. The budget allotted for the renewal of the bridge is above Nu 0.2mn. However, people have not forgotten the sour odyssey with the previous budget that was collected …

For a change, not necessarily in a good way, especially for Diesel-powered vehicle owners, the Indian PM Manmohan Singh told the ruling congress party to increase prices of heavily subsidized fuels such as diesel. The last increase in diesel prices for Bhutan was in February this year when it increased …

“I don’t see a country that’s totally reliant on single natural resource, I see a country that has taken very appropriate advantage of its natural resources in a sustainable way,” the new World Bank (WB) country director (CD) for Bhutan and Afghanistan, Robert J. Saum said in an exclusive interview …

This year, the price for Cordyceps has hit its highest and the collectors are highly hopeful to reap a lucrative earning from the select Fungus. A kilogram (kg) of cordyceps this year should fetch not less than Nu 400,000 and could fetch as much as Nu 1,400,000 depending on the …

The Ministry of Agriculture and Forests has made significant progress in its various sectors and programs. The PM’s state of the nation report shows that the overall cereal basket is currently 71% with the total estimated production of all cereals at 143,851 MT, therefore, the target of the 10FYP of …

Youth unemployment rate has declined from 9.3% to 7.3% this year according to the Labor Force Survey Report of 2012. The PM in his state-of-the-nation report credited it to good policies, good governance and sustained growth. It was found that jobseekers aspire d to take up white collar jobs and …

In a meeting held on last week with an Indian delegation, Chamkhar Chu, Kholong Chu, Bunakha and Wang Chu projects were accepted by the Indian delegation to be included under the joint venture project. The Bhutanese delegation was lead by the secretary of the economic affairs, Sonam Tshering for to …

The National Council unanimously ratified the Cape Town Convention on matters specific to Aircraft Equipment called the ‘Aircraft Protocol’ on June 5. Of the 22 members present, 17 voted for the convention while five abstained from voting. Briefing the council on the convention, Information and Communications Minister Nandalal Rai, said …

The Royal Insurance Corporation of Bhutan (RICBL) is offering additional designed products with complete coverage terms and conditions, including benefits designed to insure its customers. RICBL currently has about 30 schemes and services. With an array of attractive products in its kitty, the RICBL believes their new products will cover …