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Bhutan to build landmark international airport in Gelephu by 2029

Bhutan to build landmark international airport in Gelephu by 2029

During the 117th National Day celebrations at Changlimithang, His Majesty The King announced that Bhutan's priority for the next five years is to construct a large international airport in Gelephu. Speaking at a recent forum, Seow Hiang Lee, a Board Director of Gelephu Mindfulness City, said that Bhutan has the opportunity to create one of the finest airports. “This project...

NRDCL shifts to locally sourced timber, making furniture more affordable

NRDCL shifts to locally sourced timber, making furniture more affordable

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...

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...

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