The Asian Development Bank (ADB) and Japan are extending a $3 million grant to Bhutan to rebuild damaged schools using earthquake-resilient materials and designs which could potentially be replicated around the country. The grant from the Japan Fund for Poverty Reduction for the Upgrading Schools and Integrated Disaster Education Project will be used to reconstruct [...]

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Upon completing a four-day visit to Nepal, the President of the Asian Development Bank (ADB), Haruhiko Kuroda, reached Bhutan Friday to inquire activities of the projects funded by the bank. While in Bhutan on his three day official visit, Kuroda will speak to various top official and some cabinet ministers. He took an audience with [...]

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Mar 17: Bhutan and Nepal are set to hold bilateral trade talks Wednesday in Kathmandu. According to reports, the Joint Secretary level talks will be focused on a Bilateral Trade Agreement, proposed by Bhutan some eight years ago. Surya Silwal, Joint Secretary, Ministry of Commerce will head Nepal’s delegation whereas Sonam P Wangdi is leading [...]

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Jan 01: The International Monetary Fund (IMF) has commended the strong economic performance of Bhutan and said its interest rates should be appropriately adjusted to that of India to avoid unwarranted pressures on rupee reserves. At the conclusion of the Article IV Consultation with Bhutan on December 15, the Executive Board of the IMF said [...]

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Dec 28: The electrification in Tsirang is gaining momentum in the recent years, as government prepared for extension of power supply to rural areas as well.  The residents of Dunglagang and Shemjong blocks in Tsirang district are hiring electricians for internal wiring in their houses with hopes to receive power supply within next year.  This [...]

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Dec 22: Fiat India is mulling over selling its cars to the small Himalayan kingdom, at a time Bhutan is trying to keep away with the use of motor cards to keep environment clean. The company aims to the double the sales of Fiat cars in the coming year and identified Bhutan as a potential [...]

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Dec 11: The largest American bank, World Bank (WB), has nominated Mark F LaPrairie as its first representative to Bhutan, who presented his Foreign Minister Ugyen Tshering recently. The bank plans to open its branch in Thimphu by 2010. Bhutan became the member of the bank in 1981. Along with WB, its partner International Finance [...]

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Dec 04: The misuse of state treasury exemplified by the lavish style of board of directors of Druk Holding and Investments (DHI) and its companies while holding their meetings. According to reports, they spend Nu. 3.5 million annually as fees for them to attend the meetings of the board, which are generally held four times [...]

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Nov 24: Bhutan has started importing electricity poles and electrical equipment from three Nepalese manufacturers required for two of its hydropower projects. Bhutan had selected Mainabatti Steel Industries, Hulas Steel Industries and Bhagwati Steel Industries of Nepal to supply poles worth NRs. 1.11 billion in global tender. The three manufacturers had jointly bid to supply [...]

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Nov 23: Penden Cement Authority (PCA) beings initiative to downsize its employees’ size, especially targeting to lay off lower level staffs. The company says, lay-off of staffs was important for improving efficiency of the company and make it more economical. The company had formally decided to downsize last October however had not taken action. PCA [...]

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