Public sector companies suffer as a result of competition from the private sector
DHI: When faced with competition from the private sector, it’s difficult for public sector companies to perform, the Druk Holding and Investment’s (DHI) chairman, Dasho Sangay Khandu, said, referring to Bhutan Telecom and Drukair.
Except for Bhutan Power corporation, Bhutan Telecom and the Bank of Bhutan, the rest of DHI-owned companies recorded a decline in profit last year. Drukair and Dungsam Cement suffered losses.
We have a tendency to go wild and turn ourselves into animals whenever we have big games and competitions. Let it not be this day.
At 6pm today, we face a formidable foe. Our national football team will play China at Changlimithang Stadium in Thimphu. Road to Russia will not be easy for us. We knew that from the beginning.
The grant amount of USD 16.1M will be released by this year
Agreement: The Asian Development Bank (ADB) will release USD 36.2M (million) to strengthen the Bhutanese economy in the fiscal year 2015-16.
Finance minister Namgay Dorji and ADB vice president Wencai Zhang signed the agreement towards that end in Thimphu yesterday afternoon.
On the sidelines of the Meeting of BBIN Transport Ministers, the transport ministers of Bangladesh, India and Nepal jointly called on Lyonchoen Tshering Tobgay in Thimphu yesterday.
Roads: Although expected to commence last month, road widening works on the 49km Trashigang (Kheri)-Yadhi highway kicked off yesterday from the zero point at Yadhi.
Project DANTAK started work on the first 12.9km segment of the stretch from Yadhi towards Trashigang. A budget of Nu 339.6M (million) has been approved.
Commander N Balamurugan said work didn’t commence as expected because they were setting up a new road construction company (64 RCC) at Kanglung to monitor the activities.
There is an air of optimism about Team Bhutan, grounded by realism
Football: Although China is a strong team in Asia, the head coach of team Bhutan, Norio Tsukitate, at a press conference in Thimphu yesterday, said he had strategies to overcome them in the match.
The coach refused to share his strategies, but said that each player would play their best football as a team. Coach Norio said that the Chinese had a first-class strategic coach, but he said he wasn’t deterred. “I know how to move the Chinese players,” coach Norio said.
While the government’s investment arm’s dividend decreased, its tax contribution increased
Business: Although the Druk Holding and Investments’ (DHI) contribution to the government coffer in the form of dividend and taxes increased by Nu 220M to Nu 5.35B last year, many of its cash cow companies’ did not perform well.
Dividend has declined from Nu 3.76B in 2013 to Nu 3.69B last year and corporate income tax increased to Nu 1.66B from Nu 1.36B.
ICPD: Members of parliament yesterday took up the challenge to sustain the progress Bhutan has made in the last 20 years in achieving the goals of the international convention on population and development (ICPD).
The MPs were sensitised on the challenges of changing population dynamics, a rapidly ageing population, and on the need for resources to sustain the progress made, especially on gender equity and women empowerment.
Director for community outreach department with Respect, Educate, Nurture & Empower Women (RENEW), (Dr) Meenakshi Rai shared with the MPs that to promote, respect, protect and fulfil human rights, Bhutan has to accept that violence in one or the other form does exist in the community.
Citing cases RENEW has handled in the last 11 years since it was established and statistics on the prevalence of violence against women and children, (Dr) Meenakshi Rai called on the parliamentarians to actively engage in reaching the unreached population.
Medical: Around 150 units of blood were collected in a blood donation drive in Thimphu on June 13. More than 200 people registered to donate blood.
Organised by the health ministry and Bank of Bhutan (BOB) at its main office in Thimphu, the event was held to commemorate the 12th World Blood Donor Day.
This year’s theme was “Thank you for saving my life.”
Health minister Tandin Wangchuk awarded certificates to 15 donor organisations, three donor motivators and seven individuals who have donated blood more than 20 times.
Connectivity: In what should transform the way travel and trade is conducted in the region, the Bangladesh, Bhutan, India, and Nepal (BBIN) Motor Vehicle Agreement (MVA) will be signed by the transport ministers of the four countries in Thimphu today.
In brief, the agreement will set the stage for bilateral or trilateral agreements to be made between the four countries so that vehicles, both personal and commercial, and their occupants or cargo, can pass through the borders of the four countries more seamlessly, similar to the European Union.
Currently, Bhutan only has a special arrangement on passage of motor vehicles with India.