Contractors appeal to PM to solve stone shortage crisis
31 August 2010
Contractors in Trongsa have recently appealed to the Prime Minister to help solve the dire shortage of boulders and aggregates in the dzongkhag. According to the contractors, the shortage became acute after Natural Resources Development Corporation Limited (NRDCL) took over mining authorities from the Department of Forests (DoF). Dawa, a contractor from Trongsa, said that when DoF was the controlling... Read the story »
Finance ministers take stock of Saarc economies
27 August 2010
Finance Minister Wangdi Norbu address the meeting The finance ministers of Saarc exchanged views on the overall outlook of Saarc economies and the impact of global economic recession on the region at the fourth meeting of the Saarc finance ministers this week in Thimphu. They reviewed the progress made after their last meeting in the Maldives in May 2009 and assessed the current status of economic... Read the story »
Road show to attract foreign investors
26 August 2010
G4S, the world's leading security services company, is one of the seven operational FDI projects in Bhutan Ministry of Economic Affairs is planning to conduct road shows abroad to promote Foreign Direct Investment (FDI) and Economic Development Policy (EDP) to attract investors. Economic Affairs Minister Khandu Wangchuk, during a press briefing this month, said that a team from the ministry would... Read the story »
Little efforts for greater good
20 August 2010
Greener Way, a small upcoming company in Thimphu, has combined business with social responsibility. The company’s manager, Dorji Wangc huk, talks to our reporter Namgay Tshering on how they do it Q. What is Greener Way and how did the idea strike you? A. Greener Way is an optimistic company aimed at saving our environment in our little ways by collecting wastes. The concept is similar to nature... Read the story »
Passakha flood damages assessed
19 August 2010
Lhaki Steels and Rolling Pvt. Ltd. has made the highest estimates worth Nu .9 million to 1 million among the industries damaged by the flash flood on July 21 and 22 this year, according to the preliminary findings of Royal Insurance Corporation of Bhutan Ltd’s. (RICBL) flood damage assessment of Passakha industrial estate in Phuentsholing. Five companies had reported damages due to the flash... Read the story »
Vendors do brisk business
13 August 2010
Fruit and vegetable vendors along Narzin Lam in Thimphu are doing brisk business, making higher profit than the vendors at Centenary Farmers’ Market (CFM) by selling the same products at a much higher price. A couple, who buys apples from CFM and sells them on the streets, said that they buy apples from CFM at Nu 300 for a box and sell on the streets, where they earn Nu 200 as profit from a single... Read the story »
Apple export bleak this season
11 August 2010
With apple export for this year commencing from August 15, exporters are worried that Bhutanese apples might not fetch good prices in the market, especially in India, where Jammu and Kashmir are reported to have bumper apple harvest. According to Indian media reports, apple growers in Jammu and Kashmir are happy as they received good rainfall with moderate temperature favoring a bumper harvest.... Read the story »
Petty contractors not happy with combining works
7 August 2010
During the annual meeting of the Construction Association of Bhutan (CAB), petty contractors showed concerns on the government’s recent decision to combine smaller works to make bigger packages. This, they said would choke petty contractors in the country. Contractors said that some government departments have already started combining smaller works, which could be awarded to petty contractors,... Read the story »
Cabinet approves auditing board
30 July 2010
The 69th session of the Lhengye Zhungtshog approved the Accounting and Auditing Standards Board of Bhutan (AASBB) to strengthen accounting and auditing practices in Bhutan. The board has nine members from various stakeholders, including representations from private, corporate, education and government sectors with the Auditor General of Bhutan as the chairperson. Ugyen Tshewang, the auditor... Read the story »
Inflation reaches 3.3 percent
30 July 2010
The price of fish items has increased by 5.66% in the second quarter of 2010 Inflation has increased to 3.33 percent from 1.57 percent as of June 30 in the second quarter of 2010, according to National Statistics Bureau’s consumer price index (CPI). The increase has been attributed to the increase in the cost of non-food items by 4.15 percent, and fuel and gas by 2.89 percent. Housing and... Read the story »
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