BUSINESS

The Thimphu TechPark Limited (TTPL) according to the company’s annual performance report, TTPL earned a modest profit of Nu. 5.035 mn in the year 2016 which is a huge increase compared to Nu.1.75 mn in 2015. The company which is categorized as a Special Economic Zone is currently under tax …

Drukair, the national carrier, made a profit of Nu 99.03 million in 2016, a vast financial improvement from 2015 when it suffered a loss of Nu 32.44 million, according to the airline’s annual performance report. Drukair operated 4,433 flights in 2016, an increase of 240 flights compared to the year …

The Druk Holding and Investments (DHI) itself earned an income of Nu. 7,383.740 million in 2016, a 17 percent increase from the previous year according to its annual report. A total of 97 percent of the income was dividend from its 20 subsidiaries in energy, manufacturing, trading, finance, communications and …

Two men were killed on the spot and a third suffered back injuries when the car they were travelling fell 40 meters below the road near Toribari, 4 KM from the Pasakha police station on Thursday evening in Phuentsholing. The car was travelling to Pasakha from Phuentsholing when the mishap …

Thimphu Police are cracking down on gambling, deemed illegal by law, and have so far arrested 29 people engaged in playing cards or rolling the dice for money, this month. Six people were arrested on May 9 from Dechencholing, five people on May 22 from Changzamtog and three people on …

The Economic Affairs Committee of the National Council conducted a detailed review of the tourism sector and found several issues, which called for the government’s immediate attention. Nine recommendations were sent to the government and one to the Royal Audit Authority (RAA) to conduct a special audit and ascertain the …

With a score of 65, Bhutan is ranked the 27th cleanest country in the Asia and Pacific region according to Transparency International’s Corruption Perception Index (TI-CPI) 2016. The global average score is 43 indicating Bhutan’s score of 65 as above average. The majority of Asia Pacific countries sit in the …

Thimphu police have apprehended two men in their 20s who burgled 29 shops, restaurants and karaoke bars in the capital over the past few months. Police arrested the two men, a 23-year old from Wangdue and a 25-year old from Trashigang on the night of May 14. From the suspects, …

The 2017-18 financial year, the last year of the 11th Plan, which begins from July 1, has the largest allocation in the current plan with a budget Nu 60.7 billion. Of the total, Nu 29.3 billion is for capital expenditure, Nu 28.6 billion for current expenditure and Nu 2.8 billion …

The third pay commission has recommended revising the pay, allowances and entitlements of local government leaders, but not Foreign Service entitlements and pay and allowances for GSP and ESP personnel of the civil service. Specifically, the commission has recommended a 40 percent pay revision for local government, daily allowance by …