Nonperforming loans of the financial institutions have drastically increased by some 144.44% As always, the commercial banks have performed better than the other financial institutions in the third quarter of the fiscal year. The assets of the commercial banks saw an expansion of about of 34.11% while the non banking financial institutions’ assets increased by about one billion ngultrum, presenting a 27.12% growth. The total deposit liabilities... (more...)
A decade ago, a boy in Rinchen Higher Secondary School in Thimphu pointed to an imposingly beautiful bungalow on the slope above his school and told his friend, “I will go there one day.” Nine years, five months, and 21 days later, the boy, now a reporter, walked into the place of his dreams: he walked up the steps of Lyonpo Sonam Tobgye’s house, just days after he resigned as Bhutan’s chief justice. Half nervous, the reporter, along with... (more...)
The government is opening up vocational training institutes to the private sector Targeting to create skilled professionals in diverse sectors and to check the rising unemployment problem, the vocational training institutes in the country will see changes in curriculum from next year. The plans are to be implemented following proposals by the international consultancy firm McKinsey and Company which is advising the government to accelerate economic... (more...)
A decade ago, a boy in Rinchen Higher Secondary School in Thimphu pointed to an imposingly beautiful bungalow on the slope above his school and told his friend, “I will go there one day.” Nine years, five months, and 21 days later, the boy, now a reporter, walked into the place of his dreams: he walked up the steps of Lyonpo Sonam Tobgye’s house, just days after he resigned as Bhutan’s chief justice. Half nervous, the reporter, along with... (more...)
The otherwise sundried white of the Toorsa Khola bank in Phuentsholing dons the orange colour now, with the start of the winter mandarin business and traders moving to the warmer border town. But the freshness of orange doesn’t reflect the mood of mandarin exporters. “The business is expected to go down by around 40% compared to last year,” said Gowgay of Kinzang Exports. Though the market expectations are good, the mandarin production has... (more...)
Bhutan’s first photographer Late Sangay Wangchhuck may no longer be around to claim that he was the premier and sole photographer in Bhutan through the 1950s and 60s. But his family is still around and we are deeply saddened with the recent news article in Business Bhutan portraying Toeb Dorji as Bhutan’s first official cameraman. Toeb Dorji was taught and trained in photography by my late father around early 1960s after he saved my sister’s... (more...)
Bhutanese love claiming to be unique. Even the flourishing tobacco black market has some unique Buddhist qualities. Introducing the libertine theory of counter economics, Samuel Edward Konkin III, argued that a counter economy is not aggressive. But it is an act of civil disobedience, like the widespread tobacco use here despite the ban. But we know that, once the banned goods are in the Bhutanese market, the printed price will assume more than double... (more...)
Entries (RSS)
and Comments (RSS).
|
