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Tuesday, September 23rd, 2014 - 12:16 PM
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DHI and SBI renew shareholders’ agreement

IMG_3083Renewed: SBI and DHI officials exchange the new shareholders agreement

Bhutan’s oldest bank will seek to tap its old collaborator’s vast resources

BoBL: The Druk Holding Investment (DHI) and the State Bank of India (SBI) yesterday signed a new shareholders’ agreement to replace the previous agreement on Bank of Bhutan ltd. (BoBL) between the finance ministry and SBI, which had expired.

The new agreement takes into account the changing business environment and sets the foundation for joint ownership of the bank on commercial principles within [... Read More]

(Potato) harvester on hire in Phobjikha valley

potatoes-digger-Demonstration: Driver Tilku operates the tractor in Phobjikha valley

Not only will it be cheaper than manual labour, it also minimises crop damage

AMC: This season Lengo Dorji, 46, might not have to sweat it out manually, digging up his potato harvest.  That is, if he decides to hire a government farm tractor to do the work on his two-acre potato field in Phobjikha valley.

Lengo Dorji came to know about this option, when the regional agriculture machinery centre in Wangdue demonstrated the harvester to [... Read More]

Dr Graham

Dr-grahamsDr. Graham with Gongsar Ugyen Wangchuck. (Photo: Ian Graham)

A close friend of Gongsar Ugyen Wangchuck 

Seven gold medals were minted for the coronation of the first king. In 1921 Gongsar Ugyen Wangchuck (r.1907-1926) awarded one to Reverend John Anderson Graham (1861-1942) during his visit to the country as a royal guest.

The Scottish minister had trekked from Kalimpong, India to Bhutan to meet the king, “At the invitation of His Highness the Maharaja [His Majesty], Dr. J.A. Graham, C.I.E., of Kalimpong paid a visit to [... Read More]

People impatient for first 100 days pledges

How PDP will square tariff revision with its promise of free power is one prime anxiety

Trashigang : With no word about the ‘first 100 days pledges’ made by People’s Democratic Party (PDP) reaching gewog offices, farmers and elected local government officials alike in Trashigang are getting anxious by the day.

On the top is the electricity tariff revision, which has been worrying farmers, as it contradicts what the elected government had pledged.

Free electricity for [... Read More]

A son’s return

arjunArjun meets his mother Indra Maya Chhetri at Sipsu

Following the royal pardon, Arjun was released from jail to reach home yesterday

Update: When in prison in Chamgang, Thimphu, all Arjun Giri, 19, did was dream of meeting his mother and families back home in Sipsu.

But yesterday, it was a dream that came true.

Upon seeing his mother standing beside a tree, weeping and waiting for him, Arjun, dressed in red shirt and black pants, broke down into tears.

She had come down from Sipsu, [... Read More]

Sectors pushed to hire Bhutanese workers

IMG_9999Samdrupjongkhar’s Thromde Tshogde on August 14 deliberated on encouraging employment of Bhutanese workers

The issue was discussed at the Thromde Tshogde following instructions from the labour secretary

Labour: Sectors should employ Bhutanese citizens as far as possible and only “resort to expatriates,” if and when needed was the message that came out clearly came of the seventh Samdrup Jongkhar Thromde Tshogde on August 14.

Thromde Thuemis with the Thromde administration will be fixing the number of Indian workers any organisation would need based on their requirement and business [... Read More]

DANTAK explains e-tendering, e-procurement process

DSC07532Workshop participants with DANTAK officials

Workshop: As a drive to increase transparency and ensure healthy tendering competition, Project DANTAK conducted a workshop on e-tendering and e-procurement yesterday.

During the workshop, the chief engineer, Brigadier Radhakrishnan said DANTAK has historically been a partner in Bhutan’s development process since 1961.

He said a similar workshop was planned and organised in February this year, in which, unfortunately. no Bhutanese contractors turned up.

This workshop came following a suggestion from Prime Minister Tshering Tobgay during [... Read More]

Lhuntse cut off for next three days

Road:  Lhuntse will be completely cut off for the next three days starting today due to the construction of a baily bridge at Rothpazhong, after the road sunk into the Kurichu River on the evening of August 10.

Rothpazhong or Dorji Lung is around 25 km from Mongar. On the evening of August 10, the main road’s base slid off leaving the people of Lhuntse with no access to transport their goods in heavy [... Read More]

Opinions

Stimulating ideas? Just look around

As Bhutan seeks to kick start its economy through the new Economic Stimulus Plan, we can learn valuable lessons from our neighbours who are trying to do the same. India has offered series of accelerated reforms in an effort to recapture foreign investment and stimulate their sluggish growth. Meanwhile, China has done a similar exercise to stimulate growth of small and medium enterprises (SMEs).

 

Reforms in India: In the face of elections next year, there is [... Read More]

A point lead sends Phojas in to the quarters

IMG_5553Spectators witness the match

Archery: It was the last arrow from the last player, that decided whether Team Phoja would continue in the knockout Yangphel open archery tournament yesterday at Thimphu Changlimithang archery range.

The T Tobgyel Construction players had a karey more, when Kezang Jigme had only one arrow but he made it count.

Team T Tobgyel construction and Phoja had completed a game set each, whereas Bhutan Norter Adventure could not set any. It had come to [... Read More]