BBSCL

Producing furniture using locally sourced wood has not only helped the Wood Craft Centre stop rubberwood import but also made furniture more affordable to consumers. The centre, which earlier used rubberwood, has been utilizing domestic timber for furniture production since 2020.  At the centre’s recent furniture exhibition, locally made pieces were found to be 20 per cent cheaper than the...

The Department of Labour recorded four deaths at workplace in the fiscal year 2023-2024 with two cases each in Thimphu and Wangdue. An additional 13 injuries were reported from seven other districts. A significant discrepancy is observed between the number of cases reported to the department and the one reflected in the Annual Health Bulletin which noted over 21,000 injury...

The Royal Audit Authority's latest annual report reveals persistent quality issues in public construction, with 139 cases of poor work recorded during the 2023-2024 financial year. Despite follow-ups, only 91 of these cases were resolved, spanning 62 projects. The report urges the government and agencies to enforce stricter measures to curb substandard practices and safeguard public investments. According to the...

Non-performing loans or NPLs with the financial institutions surged to a staggering more than Nu 8bn by October this year. This is a jump of over Nu 1.16bn in just a year. Of the sectors, trade & commerce tops the list while the forestry and logging sector saw a sharp decline. Any loans that are overdue by 91 days or...