The border town of Gelephu consumes about 30 kilograms of mushrooms daily, much less than 55 kilograms produced by the only mushroom farm catering the town. As such, the farm at Zumlingthang, about a kilometer from the main town, has to dispose the remaining 25 kg of the edible fungus daily. C.B Subba started the mushroom farm in December 2008, at an estimated cost of Nu 430,000. He said Gelephu town is not a market big enough to consume the quantity... (more...)
Bhutan exported to India, Bangladesh and Japan, a total of Nu 94.491 million last year from its dolomite, limestone, gypsum, stone, and coal, talc and quartzite deposits. This was an increase of 32.4% on 2008 exports. Government royalty came to 4.6% of the revenue, while mines royalty comprised 0.7%. According to the National Revenue Report, in the 2007-2008 financial year Jigme Mining Company, with revenue of Nu 23.972, was number two on the top... (more...)
Dasho Nado Rinchhen will now be a member of the Royal Privy Council The deputy minister of NEC, Dasho Nado Rinchhen, looks back at his 46 years of service as he resigns from the civil service on February 1 In the early 1950s when the second King, His Majesty Jigme Wangchuck, visited the first public school in Haa, His Majesty threw handfuls of chocolates into the air as the students rushed to get it. Many of those students then tasted chocolates... (more...)
When I flew away from Bhutan last Sunday, I felt that I had been sent away from paradise. Not a tropical paradise of my imaginings, but a real life paradise that comes from feeling content – at home. Now, here I sit in an Ahmadabad hotel room in India, the constant beeping and screeching of traffic, a constant reminder that I am no longer in paradise. My trip to India and Bhutan has been momentous in a lot of ways – spiritually uplifting,... (more...)
Private schools in Bhutan are considered the resort of those who couldn’t pass the magical cut-off points to earn a government school seat. But that notion has been toppled with this year’s Class XII results as Ugyen Academy in Punakha has position holders in Arts, Commerce and Science streams. The school also has a total pass percentage of 95.6%, the highest among all private schAools. “This is the first time a private school has done well... (more...)
Mega projects undertaken by Bhutanese entrepreneurs can now loan money from foreign sources Come February, Bhutan will see private entrepreneurs and organizations borrowing from each other and from foreign sources. Following strong requests from the private sector that the local banks were not able to meet financial requirement for mega projects which require exorbitant funds, the cabinet has approved in principle what is called the ‘Intra-corporate... (more...)
The opening of the first private bank, the Druk Punjab National Bank Ltd. (DPNB), on Wednesday January 27, has left many traders in the border town of Phuentsholing, including Indian traders, excited. The excitement is with expectations that the new bank, which will open its branch in the border town by mid-February, will help solve the Indian rupee crunch. The announcement from the DPNB that the bank is “considering” to open a new branch in... (more...)
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