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Deadline for Gelephu International Airport Fixed-Term Deposit programme extended

Deadline for Gelephu International Airport Fixed-Term Deposit programme extended

Oro Bank, the official bank of Gelephu Mindfulness City, has extended the deadline for the Gelephu International Airport Fixed-Term Deposit (FTD) programme until the end of March next year. The bank made the announcement today. This programme allows Bhutanese living overseas to invest in the development of Gelephu International Airport. The original deadline was due to expire tomorrow. The bank...

Country’s electricity sector expected to grow by 19.8% this year

Country’s electricity sector expected to grow by 19.8% this year

The country’s electricity sector is expected to grow by 19.8% this year, driven by the Punatsangchhu-II Hydropower Project. The construction of Small Hydropower Projects and new hydropower projects are also expected to add to the growth. However, the tourism sector is anticipated to bounce back to the pre-pandemic level only in 2027, affecting the growth target set under the 13th...

MoIT to set up Mobile Monitoring Unit to ensure quality construction

MoIT to set up Mobile Monitoring Unit to ensure quality construction

To address the public construction quality issues, the Infrastructure and Transport Ministry plans to set up a separate mobile monitoring unit under the Prime Minister’s Office. According to the Infrastructure and Transport Minister, the unit will visit major construction sites and inspect the quality of work. The Royal Audit Authority’s latest report recorded 139 cases of poor construction works during...

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