All because of a striped tie Saturday evening sees Shercol as busy as a bee-hive preparing for the night’s dance. The lucky ones dressing up for dates and the not-so-lucky ones still awaiting date confirmation. And then there are those few who are scheming to walk away with the gentleman of the night, lady of the night or the best couple prizes. One Saturday it was also Valentine. All dressed up and partied in the college dining hall to contemporary... (more...)
Despite the assurance of the Indian government that food prices will decrease, the adamant food inflation in India has triggered fears that it will eventually trickle down to Bhutan. The managing director of the Food Corporation of Bhutan (FCB), Kuenzang Namgyel, told Business Bhutan: “There is a big possibility (for Bhutan to import the inflation).” Kuenzang Namgyel added, “It might not be immediate and we can sustain for another two or three... (more...)
When representatives of the government led by the prime minister called upon a consultative meeting with the stakeholders of the tourism industry Wednesday, the Tourism Council of Bhutan (TCB) hall was a chock-a-block. Tour operators and guide association members were happy, but not the hoteliers. They did not want 100% Foreign Direct Investments in hotels below five star rating. One hotelier voiced that Bhutan has about six more four star hotels... (more...)
While Bhutan’s first tourists this season were enjoying the Punakha Domche, the prime minister sealed a debate on the new tourism tariff Wednesday at the capital. Before a gathering of tourism stakeholders, along with five cabinet ministers, the prime minister asked those in the Tourism Council of Bhutan Hall to raise hands whether to increase the daily tariff to US$ 250. The gathering included many tour operators who had till then criticised a... (more...)
If a Bhutanese student has to dream big, till yesterday, it meant going for a course at a university in North America, England or Australia. But in three years, coveted international courses that most local students could only dream of will be at reach within the country, after the Royal University of Bhutan (RUB) pledged to open up the tertiary education sector. Yesterday evening, the RUB vice chancellor, Dasho Pema Thinley, signed a performance... (more...)
Bhutan repaid a total of US$ 1,210.6m (about Nu 56b) for loans and grants over 27 years between 1981-82 and 2008-09 fiscal. It averages to a little more than Nu 2b a year which is about one sixth of the internal revenue of 2007-08 fiscal. The highest repayment was to the government of India with US$ 596.1m (about Nu 27.4b) followed by the World Bank with US$ 153.4m (about Nu 7.05b) and the Asian Development Bank (ADB) with US$ 120.3m (about 5.5b). The... (more...)
World Bank projection says Bhutan, along with India and Bangladesh, will weather the impacts of the recession better than other South Asian neighbors Bhutan is one of the three South Asian countries together with India and Bangladesh projected to come out from the ripples of the global financial crisis in 2010 with better economic performance, according to the World Bank. A report of the World Bank released this week said the three countries will... (more...)
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