The Thimphu Techpark at Wangchuktaba
Difficulty of finding tenants has left major shareholder Assetz wanting to pull out
Analysis: The Thimphu Techpark is not able to rope in as many tenants as initially envisioned because of the non-availability of the required workforce and connectivity problems.
This difficulty in finding tenants has most recently led to Assetz, a 70 percent shareholder of the park wanting to pull out of its joint venture with the government.
When the park was inaugurated two years [... Read More]
ESP: The government will inject Nu 2.1B in the financial institutions to start its ambitious plan of improving liquidity in the market through the Economic Stimulus Plan (ESP) today.
Financial institutions including the Bhutan Development Bank and the two insurance companies will each receive a share of the total amount (see graph.)
The money will be injected in the tier II component of the financial institutions’ capital base. This component of a financial institutions capital [... Read More]
Tourism: Spring marks the onset of the tourist season in Bhutan and with it begins preparations.
And unlike in the past, flight booking and shortage of hotels are no longer problem for the tour operators, and the number of hotels catering for tourists has increased over the years, particularly in Thimphu and Paro.
The Association of Bhutanese Tour Operator’s executive director Sonam Dorji said that it was still difficult to get booking in the high-end [... Read More]
Crime: The Royal Bhutan Police in a massive operation launched in December last year have arrested 449 people (as of April 4) in drug-related cases.
Of the total, 35 were for alleged trafficking of the controlled substances, 200 for alleged possession and abuse of drugs and 180 for alleged abuse of drugs.
The superintendent of police for narcotic drugs division, Lt. Colonel Sonam Goenzing, said people arrested with large quantity of drugs were categorised as [... Read More]
Samtse: Two men died when the Bolero taxi they were travelling in veered off road near Basanti village in Dorokha, Samtse. Six other passengers were referred to Samtse hospital.
The deceased were a 35-year-old Dumtoe gewog administrative officer and a 32-year-old taxi driver. The other passengers, five men and a woman, aged 21 to 35, sustained injuries on the head and body.
The accident took place at 2pm yesterday when the taxi was coming to [... Read More]
There are eyebrows raised even as the Office of the Attorney General prosecute the 13 people, which include bank officials, alleged for illegally repatriating Indian Rupee to the tune of millions.
Scandals always excite the public, but when it involves bank or bank officials, there are reasons to worry. The case was detected recently and by the time the Anti Corruption Commission (ACC) who stumbled upon it while investigating an immigration case, about INR 70M was [... Read More]
Vendors wait for customers at Gomphu kora
Tshechu coincides with general election in India
Festival: The Gomphu kora tshechu’s infinite charms were not able to draw any visitors from the neighbouring Indian district of Tawang in Arunachal Pradesh this year.
With the tshechu, which began on April 7, coinciding with the general election in India, the popular visitors from Tawang, referred to as Dhaps, chose to stay home and take part in the election.
The tradition of dhaps attending the popular Gomphu Kora [... Read More]
Kezang Pelden receives her insurance claim at Dewathang gewog office
Windstorm: The Royal Insurance Corporation of Bhutan Ltd (RICBL) office in Samdrupjongkhar compensated the 26 villagers whose houses were affected by the March 21 windstorm.
In one of their quickest responses, the branch office had paid Nu 474,235 by March 31, ten days after the storm, to the affected people in five gewogs.
Martanga gewog, which suffered the most damage had 11 households affected. They received Nu 234,765. Dewathang gewog received Nu 105,415.
Phuentshothang gewog received [... Read More]
Health: If the blood bank at the Thimphu national referral hospital were a real bank, the hospital’s laboratory officer, Kesang Jigme would be the richest client.
The 49-year-old have so far deposited 50 units or about 25 litres of blood. Yesterday he was donating blood for the 50th time since he joined the hospital 29 years ago.
About twenty to thirty units of blood is required to treat patients at the referral hospital in the [... Read More]
A Phoja guard goes for rebound
Basketball: Team Phoja set a new record by netting the highest point in a single game yesterday as they trounced Carabao 103:49.
The tournament already has a record of the highest number of teams with 32 teams participating in the tournament, which began on Monday. The tournament is also seeing an increased number of youth from schools and institutions.
Prize money has also been increased to Nu 40,000 for the winner and Nu 30,000 for [... Read More]