Open season for bank employees

February 5 – With Druk Punjab national bank (DPNB) now open, the country’s first two commercial banks have lost a number of customers both old and new. But a few employees from both BoB (bank of Bhutan) and BNB (Bhutan national bank) also joined the migration to DPNB, causing one bank to step up measures at retaining its staff. BoB, a Druk holding and investments subsidiary, recently introduced an education scholarship program for its employees in a move to bond them to the company. The company... Read more

Bhutan gets more IMF votes

February 5 – Bhutan is on its way to getting more voting rights in the international monetary fund (IMF) with a reform in the organisation’s quota and voice system. Bhutan is one of 186 member countries of IMF, which is an international institution meant to oversee the stability of the global financial system and also provide highly conditional loans in case of balance of payment emergencies or economic crisis. “More votes is important because you can withdraw more money if need be, have... Read more

PM leaves for New Delhi

February 4 – Prime Minister Lyonchhen Jigmi Y Thinley is leaving the kingdom today (February 4) to attend the Delhi sustainable development summit (DSDS) 2010, being convened in the Indian capital from February 5 to 7. DSDS 2010 is touted as the first major gathering of leaders, drawn from every part of the globe and from every sphere of human endeavour, to focus on new pathways the world is expected to explore and move along as a consequence of the Copenhagen conference of the parties in December... Read more

GoI funds for gewogs

February 4 – About 441 projects that include building farm roads, rural water supply schemes and basic health and education infrastructure in all 205 gewogs should begin immediately with the Indian government releasing Nu 394 mn yesterday. The ambassador of India to Bhutan, Pavan K Varma, handed over the cheque of Nu 394 mn to prime minister Lyonchhoen Jigmi Y Thinley as mobilisation advance to start implementing the projects, which constitute the first lot of small development projects (SDP)... Read more

Tourism policy already happening

February 3 – The government has already identified more than 100 acres of land across Bhutan for the creation of tourism infrastructure like quality hotels, spas, wellness centers. In total the government would acquire 500 acres with 180 acres in the centre, 120 acres in the south, 110 acres in the west and 60 acres in the east. “The government last month invited expression of interest from any interested parties for the development of tourism infrastructure in these places,” said gross... Read more

« Previous Page