Accessibility: The two-kilometer Gorgon-Menbi farm road in Lhuntse, on completion, is expected to provide opportunities for economic activities and improve access to services like health facilities.
Eleven households, which make up the community, will feel the immediate impact. “But it is estimated that over 40 homes will be constructed and reaping benefits in future,” Menbi gup Jamtsho Dorji said. “The numbers of houses will be increasing because of land fragmentation.”
The gup said Gorgan is [... Read More]
Highway: The ongoing Semtokha-Dochula road widening and improvement works will, on completion, reduce the 21km stretch by a kilometer and have an emergency-stopping lane.
The quality of the road is also to be higher and expected to last a decade compared with the five-year life of the previous road. While the whole stretch will be widened, a five km stretch form Hongtsho to an area below Dochula will be improved using the ‘primary national [... Read More]
Business: Phub Lham, a single mother, and a vendor never understood why a group of men would snatch her goods and restrict her from doing business.
“Now I understand why they did that. I did not have a permit and they were simply doing their job,” said Phub Lham, who took to the streets to sell doma after quitting her work in a hotel. “My employer wouldn’t grant me leave, even when my children [... Read More]
Banking: The Bank of Bhutan Limited (BOBL) opened a new branch office at Samdrupcholing drungkhag on April 9 to further their banking services in rural areas. This takes BOBL’s branch office number in the country to 41.
The bank’s main objective of extending branch network in rural areas is to take banking services closer to people living in remote and un-banked corners of the country.
BOBL will launch three more branch offices at Doksum in [... Read More]
Crime: Punakha police has charged an assault case involving a Bhutan National Bank (BNB) staff and a customer to the dzongkhag court.
The incident occurred on the afternoon of April 8, when a Punakha based contractor walked in to BNB office, seeking clarification on why his cheque was not deposited on time.
The 26-year-old female employee alleged that the contractor entered restricted area inside the bank office, pushed her desktop twice, slapped and punched her.
She [... Read More]
Connectivity: His Majesty the King inaugurated the Panbang bridge in Zhemgang yesterday.
The inaugural ceremony of the 152-metre bridge was graced by Her Majesty the Gyaltsuen and attended by the Prime Minister, cabinet ministers, Indian Ambassador and senior government officials.
Thousands of villagers from the neighbouring villages also attended the ceremony.
His Majesty told the people that while the construction of such a bridge was an achievement, the real objective would be realised when it starts [... Read More]
PHEP I: After almost a year long delay, construction of Punatsangchhu hydroelectric project I dam could finally begin this June.
Project officials said critical remedial works to stabilise the slide area on the right bank of Punatsangchhu, which is the main reason for the delay, would be complete by then.
The hill mass above Wangdue-Tsirang highway tore up 3.5m horizontally and vertically some 10km downstream from the Wangdue bridge in July and froze all works [... Read More]
With excess cash in hand, bankers express reservations
FIs: Financial institutions are beginning to worry whether there will be any takers of money that they received this week from the government under the Economic Stimulus Plan.
With excess cash already lying in the banks, injecting money in the banks through the ESP, bankers feel, will only add up to the cash that is lying idle in the banks.
Moreover, banks will be required to pay interest [... Read More]
Dzongkhag and gewog officials receive His Holiness the Je Khenpo to Lhuentse yesterday. His Holiness will preside over the three-day dzong consecration ceremony. Renovation work on the 16th century Lhundrup Rinchentse dzong or Lhuentse dzong began in August 2009 and was completed last year with Nu 162M worth of restoration work done. His Holiness will conduct Tendrel Tashi Ngasoel today.
Economy: Bhutan’s economic growth is projected to reach 7.3 percent in 2014, if restrictions on imports and housing credits are lifted and timely disbursement of the 11th Plan budget from India are made, according to the world bank’s twice a year report, “South Asia economic focus.”
Economic growth rebounded to 6.5 percent in 2013 from 4.6 percent in 2012.
The growth is however attributed to good rainfall, consequently rising electricity generation by almost 11 percent [... Read More]