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Small businesses and business groups are starved of finances in the country with limited windows of getting loans from financial institutions. The message comes strongly from the overwhelming response received for the Group Guarantee Lending and Saving Scheme (GGLSS) which was launched by the only development bank, the Bhutan Development Finance Corporation limited (BDFCL). The BDFCL launched the Scheme on April 14 in collaboration with the Bhutan... (more...)

dfal tops table as the biggest ferro company

Phurba D DORJI | 28 August 2010

The Druk Ferro Alloys Limited (DFAL) has leaped over two other companies to become the biggest ferro alloy company with the highest paid up capital in the country with its decision to increase its paid up capital by issuing more shares. DFAL started last April with a paid up capital of about Nu 163mn and it has now reached Nu 289mn surpassing table toppers Druk Wang Alloys limited with a paid up capital of about Nu 194mn and the Bhutan Ferro Alloys... (more...)

Monday morning around 10:30 am, the 18-seater Buddha Air bound to Bhutan took off from the Tribhuvan International Airport (TIA), Kathmandu, with some Nepalese delegates as its first passengers. The jet landed elegantly at the Paro International Airport after an hour and five minutes despite indications of bad weather. This was Buddha Air’s  first commercial flight to Bhutan. The airline will be operational four times a week from now. Many Bhutanese... (more...)

Here is something that can touch a nerve with thousands of Punaps and Haaps living across the country. The Class X results of 2009 shows that students who are originally from Punakha and Haa dzongkhags have performed the worst, wherever they studied. Every year, the Bhutan Board of Examinations (BBE) comes up with a report on students’ performance. However, this is for the first time the BBE is trying to find out whether the academic performance... (more...)

maruti suzuki launches two new cars in bhutan

phuntsho WANGDI | 28 August 2010

The new WagonR (top) and the Eeco (below) have entered the small car segment in the country and the price begins from Nu 327,500 Zimdra Automobiles will be adding a new car to the family car segment with the launch of the new WagonR in Phuentsholing today. The price begins from Nu 365,000 and it increases with different features and variants. Zimdra will be providing services and a one-year warranty. The new 2010 WagonR will hit the Bhutanese roads... (more...)

All private newspapers in the country had received a rather nonchalant welcome when they were launched. Now the latest entrant, Druk Neytshuel, is entering the market in smog of uncertainties and, of course, with intensified vulnerabilities of an already seemingly saturated market. The existing six newspapers are already grappling with numerous challenges owing to a largely inflated but tiny advertisement market. All the papers claim they are merely... (more...)

Is it because ‘we want to break free’?

business bhutan | 28 August 2010

There are talks going around about the youth gang culture. The media pointed out the names, numbers and areas of the gangs. And it was written that there are gangs formed by girls too. Although this is a serious issue that could graduate to organized crime in the future, yet I feel that the situation should be studied properly so that we do not annihilate the most valuable value of our society, which is friendship. If we go by the numbers given in... (more...)