BUSINESS

Fleeing laborers is a chronic problem among local contractors. Foreign laborers absconding from the country has delayed projects and eventually resulted in penalties for missing the deadlines. A businesswoman Jambay even went to Cooch Bihar in India frisking for her absconded thikadar whom she had paid Nu 0.6 mn initially …

  Financial services, hydropower projects,advanced mining, and construction of  international airports dominated the discussions between a top Canadian delegation and local agencies here last week. Led by the Canadian Ambassador, Stewart G. Beck, a 21 member team from 14 world renowned companies were in the country on a five days …

  Bhutan could have more education city centers in different dzongkhags if the education city project in Thimphu takes off. This could come as an incredible statement as the first education city project is still in its infancy. But DHI believes that if the concept takes off then it will be …

The porous border along Samtse has unwittingly invited a lot of unfavorable issues concerning illegal felling of timber; illegal collection of sand, boulders and river bed materials, firewood, fishing and grazing of cattle. While there are efforts in place to resolve these issues amicably through regular dialogues between the two …

The ministry is planning to construct two 180 mw pilot wind turbines at Tsimalakha in Chukkha but this may or may not be implemented as the logistics are unclear.   The Wind Power Pilot Project was initiated in 2009 by the Ministry of Economic Affairs (MoEA) but the National Environment …

  In the past, the Druk Green Power Corporation (DGPC) floated ideas of setting up a hydropower construction company but it failed to see the light of day. However, DGPC managing director Dasho Chhewang Rinzin, said that setting up a hydropower construction company is not a major mandate for the …

A high level scanning was carried out by the Druk Holdings and Investment (DHI) to identify business and economic opportunities in eastern Bhutan. The business opportunities identified are cement bonded particle board, Silicon Carbide, fruit processing,  gypsum-based value-added product, industrial township development and maintenance, maize processing (Industrial Starch), dolomite refractory …

  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 …