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Four + one model to raise funds for Gelephu Mindfulness City

Four + one model to raise funds for Gelephu Mindfulness City

The Gelephu Mindfulness City must prioritise financially viable and bankable projects to secure investments. According to its Board Director, Yee Ean Pang, mobilising funds is crucial to realising the vision of Gelephu as a business hub. Speaking at a recent forum in the capital, the board director said that the city would adopt a “four-plus-one” funding model to attract investments....

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...

Farmers benefit from rising cardamom prices in Khangma Chiwog, Pema Gatshel

Farmers benefit from rising cardamom prices in Khangma Chiwog, Pema Gatshel

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...

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