We want people to save with a bank rather than hide their money under their mattresses, says the Bhutan Development Finance Corporation Limited MD, Nawang Gyetse Joining the array of banking services, the Bhutan Development Finance Corporation Limited (BDFCL) is already operational as a bank, a development bank that caters to the rural as well as the urban lot. The rural bank which is competing in the urban market alongside other commercial banks... (more...)
Rural and domestic tourism in the limelight The economic development policy (EDP) is silent on the much publicised figure of attracting 100,000 tourists by the end of 2013. Rather it says, “The volume (of tourist arrivals) will be determined by the absorptive capacity of the country in terms of infrastructure, culture, security and environment.” “The missing figure puts the tourism drive to attract 100,000 tourists by 2013 in a different light,”... (more...)
Green initiatives to dictate energy sector Bhutan’s self imposed target to remain carbon neutral for all times to come will dictate its rigorous pursuit of exploiting energy sources, hydropower and other energy renewable energy, to make all upcoming energy projects green. The economic affairs minister, Lyonpo Khandu Wangchuk, said, “The EDP will diversify the economic base with minimal ecological footprint,” adding that Bhutan will not compromise... (more...)
FDI in health welcome only for specialized hospitals and not general hospitals that provide all medical services The health ministry is upbeat that soon international proposals to establish high-end specialized medical colleges and hospitals will come at its doorstep with the economic development policy (EDP) launched yesterday. Despite declaring to welcome international proposals, Bhutan is yet to get any interested parties. The health minister,... (more...)
Special focus on small and cottage enterprises started by women The EDP focus on incentives for establishing energy intensive industries, and small enterprises will not affect Bhutan’s pledge that it will remain carbon neutral for all times to come, the economic affairs secretary has said. “The declaration of Bhutan as a carbon neutral economy in Copenhagen should not affect our industrialization as pollution in other countries are mostly from... (more...)
Dasho Sonam Tshering Just to make one or two miners rich we cannot compromise with the environment of Bhutan, says economic affairs secretary The focus on mining in the Economic Development Policy is to ensure sustainability of minerals and promote value addition over export of raw materials. The earlier system of just applying for maines on a first come first serve basis to export raw materials will now be much more difficult. Priority allotment... (more...)
The Nu 48 million early warning system will detect quick rise in water levels and relay the message downstream the Punakha-Wangdue stretch Work started this week to install a Nu 48 million ‘early warning system’ (EWS) that will provide automatic and advance warning of Glacial Lake Outburst Flood (GLOF) to the vulnerable Lunana and Punakha-Wangdue valley. The Department of Energy issued work orders to the winning bidder USD enterprises, a joint... (more...)
Entries (RSS)
and Comments (RSS).
|
