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 [...]
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Posted in Economy on 23 November 2009
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 [...]
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Posted in Economy on 20 November 2009
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 [...]
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Posted in Economy on 20 November 2009
Nov 18: The increased production of the hydropower from the country has substantially increased income for the government and raised the GDP rate as high was 21 percent. However, the expanding power industry has nothing to do with the local people. Even after seven months Tala hydropower project was handed over to Druk Green Power [...]
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Posted in Economy on 18 November 2009
Around 1,700 unemployed, young and old, participated the one-day employment promotion function held in Thimphu on Tuesday in their effort to sharpen their skills for employment.
Organized by Ministry of Labor and Human Resource, the function aimed at providing opportunities to unemployed people. The country has over 5 percent employed population
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Posted in Economy on 06 May 2009
Gelephu,April 09, 2009: The export of Bhutanese cement to India began to dwindle as demand in internal market grows. The Penden Cement Authority plans to reduce the export by more than 15 percent. The domestic demand has swelled up only due to the construction of hydropower plants, which are likely to go unprecedented in the [...]
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Posted in Economy on 09 April 2009
Thimphu, April 09, 2009: With suggestions form the World Bank to lessen duplication of services, Micro, Small and Medium Enterprise (MSME) division under Department of Industry is set to test Regulatory Impact Analysis (RIA) as a pilot project. World Bank said the network of ministries and agencies with regulatory and control functions in Bhutan is [...]
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Posted in Economy on 09 April 2009
Thimphu: The government will implement the strategies formulated by Druk Holdings and Investments (DHI) in 63 public agencies shortly to lay off ‘unnecessary’ officials recruited by the former governments. The plan named Administration Burden Reduction Program aims at cutting down the bureaucracy for reducing recurrent expenditure and provide fast and quality public services. Monitored by [...]
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Posted in Economy, Nation on 21 March 2009
Thimphu: Druk Air has cut its air fare for the months between May and August, what it said a response to the declining tourism industry due to global slowdown. In a notice, the only airlines of the country said it has reduced 25 percent in all published US dollar fare for travel between May 15 [...]
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Posted in Economy, Nation on 04 March 2009
Gelehu: A seven-inch long statue of Shabdurng Ngawang Namgyal has been looted from a Chorten in Bumthang recently. The cost of the statue is estimated to be around Nu 600,000. The officials from the Culture Department of the district visited the site shortly after the looting report and taken snaps of the situation. They also [...]
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Posted in Economy on 06 February 2009