Asian markets fear Federal Reserve’s move
Ripples of US’s growth forecast is felt in Asia. The stock markets in Asia fell Thursday as investors registered dismay at initiative taken by the Federal Reserve to try to invigorate the stalled US recovery. After a prolong debate on Wednesday, the Federal Reserve said it was extending a...
Bhutanese Minister blames public for rupee crisis
Bhutanese Finance Minister Wangdi Norbu said cause behind rupee shortage in the country is import exceeding export. In response to questions raised by lawmakers on Tuesday’s session of parliament, Mr Norbu said that rupee crisis of today was not a problem of solvency and thus not a problem to...
Jhapa eyes India-bound Bhutan surplus power
Raju Adhikari JHAPA, May 30: Businessmen and politicians in Jhapa have proposed to the government to import the surplus from the electricity that India buys from Bhutan to provide relief from load-shedding in the district. The businessmen and political leaders, who have already furnished a formal proposal to the...
Business idea competition
The big business companies are not interested for investment in Bhutan due to limited market expansion possibilities. However, the government and the donors are doing enough to attract more investments or create more business opportunities for citizens. As part of that initiative, Bhutan Innovation and Technology Centre (BITC) located...
EU elections invited further economic uncertainty
In a week’s time Europe’s political landscape almost flipped. The people have spoken that austerity measures put into place by the government were not accepted. French president Nicolas Sarkozy, to become the first president to get second term in 30 years, joined the club of unsuccessful European leaders. So...
Voice of Shangrila 22 April 2012
Voice of Shangrila 22 April 2012...