Author: christopherslade 
Reposted from Kuensel
Bhutan’s yearly gross revenue from hydropower export to India would be around Nu 45B by early 2018, according to estimates made by a private research firm.
By that time, Punatsangchu I, II and Mangdechu are expected to be commissioned and generating power. While these three new projects would earn around Nu 34B annually, the projects existing today – Tala, Chukha, Kurichu and Basochu – earn Nu 11B annually. More…
Reposted from The Hindu
The first phase of Sri Lanka’s northern railway project — funded by a line of credit facilitated by the Indian government — was commissioned on Friday.
Coaches in bright red chugged along from Medawachchiya in Anuradhapura, the North Central Province, to Madhu Road, marking the return of a crucial transportation link that was shattered during the war. More…
Reposted from Lanka Business Online
Sri Lanka has to watch inflation, bank credit, tax revenues, keep monetary policy tight and avoid guaranteeing bank forex borrowings and instead create an environment for foreign direct investments, the International Monetary Fund has said
The executive board of the IMF in a review of Sri Lanka’s economy said Sri Lanka’s economy was facing key challenges of slowing growth and high inflation and gave a nod for post program monitoring. More…
Reposted from Telegeography
Bhutan Telecom (BT) has announced that its new Long Term Evolution (LTE) network is expected to go live in two locations in capital city Thimpu, namely Chubachu and Motithang. Each base station will have a coverage radius of up to 1km, and provide end-users with theoretical downlink speeds of up to 40Mbps. More…
Reposted from Lanka Business Online
Sri Lanka’s tourist arrivals rose 7.7 percent to 98,155 in March 2013 with strong growth from key Western markets and China, but arrivals from India plunged, official data shows.
In the first two months of the year arrivals were up 10.9 percent to 288,798.
Arrivals from Western Europe, a key generating market for resort tourist rose 10.5 percent in March to 44.008 with UK rising 8.8 percent to 13,088, Germany up 16.3 percent to 9,145 and France up 7.0 percent to 6,973. More…
Reposted from Daily News
Sri Lanka kicked off an international conference here Thursday to attract investment and showcase the country as a port hub, a top official said.
Speaking at the event, MP Namal Rajapaksa, who is also the son of President Mahinda Rajapaksa, was upbeat in his call for investors to commit to the burgeoning sector, reports Xinhua. More…
Bhutanese voters in line to cast their ballots
Reposted from The News (Pakistan)
Bhutan, whose monarchy ceded absolute power five years ago, will hold multi-party elections for its main house of parliament on May 31, officials announced on Monday.
Polls took place last week in the Himalayan nation for the largely ceremonial 25-seat National Council that are seen as a warm-up for the main electoral contest for the National Assembly from which the next government will be chosen. More…
Reposted from Arab News
Sri Lanka is set to re-fleet its national carrier with 10 new Airbus aircraft in a deal that could be worth over $2.5 billion, a government official and a media report said.
Sri Lankan Airlines will also secure an aircraft maintenance facility at the country’s newest international airport in the south of the country as part of the deal with Airbus, the official said, asking not to be named “There would be a financing package that will go along with this re-fleeting,” said the official. More…
