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 its [...]

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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 has benefited [...]

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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 market. The [...]

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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 Corporation [...]

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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 a [...]

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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 [...]

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Nov 21: The Bhutan Telecoms has started working on expansion of its mobile servies to the remote parts of Laya and Lingzhi by next year. The telecom delegation after returning from 10-day tour to this district has prepared their B-Mobile Laya Project. This will benefit 300 households, the total population of the locality. The company has received [...]

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Nov 20: Bhutan is recovering quickly from the global economic crisis, said World Bank economist Eliana Cardoso in her new article entitled ‘South Asia Rebounds’. She said Pakistan, Nepal, Sri Lanka and Afghanistan face a more difficult situation because of bitter conflicts. He mentioned that India and Bangladesh are als making progress.  “Food price inflation is a [...]

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Nov 20: Dust and soot produced by factories in Pasakha have dwindled the orange yield year after year in Rangetung village of Phuentsholing. Some farmers are abandoning orange farming failing to get their return. Most of the orange orchards have now become dry despite several efforts of the villagers to keep them alive.  Fungal disease called powdery [...]

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