Tuesday, July 29th, 2014 - 10:47 PM

Injection of funds frees up bank lending

ESP: Since the injection for Nu 2.1B from the economic stimulus plan (ESP) into the financial institutions, some banks have disbursed more loans than the amount they received, while some did not see much credit growth.

The Bank of Bhutan limited (BoBL) received Nu 500M from the ESP.  But it had disbursed more than Nu 1.9B  loans.  However, funds once injected into the banks were almost impossible to segregate on how much of it [... Read More]

Govt. to consider Japanese embassy

The government plays coy with respect to its intentions in this regard

Diplomacy: The government will consider the establishment of a Japanese embassy in Thimphu at a later date.

Lyonchhoen Tshering Tobgay who recently visited Japan on an official trip said that the government would consider and discuss Japan’s proposal to establish an embassy in Bhutan at a more convenient time. “We didn’t discuss specifics, we decided that we’d consider the proposal at a mutually [... Read More]

Bhutan to host 8th SAFTA ministerial council

SAARC: The eighth meeting of the South Asia free trade area (SAFTA) ministerial council will be held in the capital on July 24.  This will be the first time Bhutan will host the SAFTA ministerial council (SMC).

The SMC will discuss and consider the report of the ninth meeting of the SAFTA committee of experts.

Economic affairs minister Norbu Wangchuk, who will chair the SMC, said the meeting would also consider discussing matters related to the administration and [... Read More]

Falling like ninepins

Private newspapers/magazines are folding one after the other

Media: While the rest of the country continues to discuss the salary raise, a small section of the society, the employees of private newspapers have been working with almost no salaries for about two years now.

After being unpaid for about five months, a reporter with one of the private newspapers received half his salary last month. “My company owes me more than Nu 100,000,” he said.

The [... Read More]

Insurance company and burnt house-owner lock horns over claims

RICBL: The Royal Insurance Corporation of Bhutan Limited (RICBL) and a house owner in Gelephu, whose building was partially damaged by fire on April 21, have still not been able to come to a consensus on the insurance claims.

RICBL refuses to pay the insurance claim made by the owner, in which the top floor of the building was damaged by fire.

“Besides the deduction of 31.9 percent as underinsurance, we accepted the loss of [... Read More]


Financing further education

The education ministry’s idea of lending cheaper education loans, made possible through the economic stimulus plan (ESP), is a welcome idea.

Each year, for the next five years, about 40 high school graduates wishing to pursue higher education can avail loan at a throwaway rate from the government.  Nu 30M will be allocated for education loan scheme.

The catch is that the student has to have a minimum of 60 percent in academics, should come from a [... Read More]

Picture story

Scare tiger: The idea of a stuffed toy tiger to scare wild animals seems to be working as more Mongar farmers are using it to guard their crops


The grass is always greener

IMG_3466 Fodder for thought: One of the fodder crops, cocksfoot, grown in Tang valley

Fodder is a safer bet for farmers in Bumthang than food crops

Agriculture: Potato might fetch better prices but it is to fodder cultivation that an increasing area of arable land is used for in Tang and Chumey in Bumthang.

In Tang and Chumey, around 131 acres of land is used to grow fodder like cocksfoot, Italian rye grass, tall fescue and oats for its seeds and hay this year.

“Fodder cultivation is now one of [... Read More]

11th national school meet starts in Thimphu

IMG_3746Students take oath during the opening ceremony

410 students from 107 schools are taking part in the contest being held in the capital

Athletics: Kinley Zangmo probably is quite used to running. The 16-year-old Gasa student ran to school, after the cattle and at school sports meet.

On her first visit to the capital city, she will run again.  This time to outrun her competitors and bag a trophy for her school.

Kinley Zangmo is among the 410 students from 107 schools who [... Read More]

Bhutan-Thailand friendship offer pays off but …

DSC_4102Asian tourists at Thimphu tshechu (file photo)

… there are those who feel the brand value of the product may have been compromised

Tourism: Going by the number of Thai tourists, who visited Bhutan since the Bhutan-Thailand friendship offer began more than a month ago, the offer turned out to be a hit.

About 2,038 Thai visitors visited Bhutan since the offer began, but there is more to it than numbers, which about five percent of the total tour operators promoted.

There are [... Read More]

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