BBSCL

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...

The people of Shali village in Pema Gatshel’s Shumar Gewog celebrated the consecration of their newly renovated two-storey community, Lhakhang. The reconstruction began in 2020 and was completed in August this year, costing Nu 6 M. The new Lhakhang provides a spacious hall and better facilities for community rituals. Shortage of space was a problem for the people while conducting...

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...

A decade ago, the people of Khangma Chiwog in Pema Gatshel’s Yurung Gewog began growing cardamom to boost their income and improve their livelihood. While the crop helped them make money, it didn’t meet their expectations. However, cardamom prices have doubled this year, bringing farmers significant financial relief. The residents of Khangma Chiwog began cultivating cardamom about ten years ago...