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Delay in PHPA-II commissioning to stall economic growth for 2024

Delay in PHPA-II commissioning to stall economic growth for 2024

Delays in fully commissioning the Punatsangchhu-II hydropower project are expected to affect economic growth in 2024. The country’s economy is now projected to grow by five per cent this year, over one percentage point lower than earlier estimates. The finance ministry, in its latest macroeconomic situation report, said that the downward revision was mainly due to the PHPA-II commissioning delay...

Public debt at Nu 290bn as of September 2024

Public debt at Nu 290bn as of September 2024

The country's public debt rose by over Nu 5bn in the third quarter of 2024 compared to the second quarter. The finance ministry's quarterly Public Debt Situation Report reveals that as of September, the total public debt surpassed Nu 290bn. Of this amount, external debt accounts for a significant 92 per cent. Total public debt refers to the total amount...

𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿𝗶𝗻𝗴 𝗗𝗮𝘀𝗵𝗼 𝗧𝘀𝗵𝗲𝗿𝗶𝗻𝗴 𝗪𝗮𝗻𝗴𝗱𝗮’𝘀 𝗿𝗲𝗺𝗮𝗿𝗸𝗮𝗯𝗹𝗲 𝗷𝗼𝘂𝗿𝗻𝗲𝘆

𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿𝗶𝗻𝗴 𝗗𝗮𝘀𝗵𝗼 𝗧𝘀𝗵𝗲𝗿𝗶𝗻𝗴 𝗪𝗮𝗻𝗴𝗱𝗮’𝘀 𝗿𝗲𝗺𝗮𝗿𝗸𝗮𝗯𝗹𝗲 𝗷𝗼𝘂𝗿𝗻𝗲𝘆

Amidst the misty hills of Samtenthang village, the nation bid a heartfelt farewell to one of its most cherished sons, Dasho Tshering Wangda. His life, a tapestry of selfless service and unwavering dedication, came to a tragic end last week after a lone elephant attack. He was 72 and is survived by his wife and five children. The state funeral...

Pasakha to have new satellite clinic

Pasakha to have new satellite clinic

The need for a hospital in Pasakha in Phuentshogling has become crucial due to the growing population in the area. Recognising the need, Phuentshogling Thromde has begun the design and estimation work for the much-needed facility. Pasakha is not only home to the people of Samphelling Gewog but also serves as an industrial hub, hosting hundreds of workers. Despite having...

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