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Bhutan News

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016

    AFGHANISTAN, 2015/01/20 The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland. The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
  • Bhutan has made significant evolution in all three dimensions of universal health coverage

    BHUTAN, 2014/04/25 Bhutan has made significant evolution in all three dimensions of universal health coverage, a statement on a recent assessment completed by the country’s Health Ministry has showed. It says Bhutan’s health system provides additional than 75 % of all health coverage with the majority of its people having access to good-quality services, health workers, medicine and technology at low cost. “Bhutan, as for other nations of the South-East Asia Region, presently needs to strengthen efforts to counter the increasing burden of non-communicable diseases, particularly through preventive activities that are low-cost and sustainable,” said World
  • Land of the Thunder Dragon

    BHUTAN, 2013/05/15 Have you seen what are hanging under the roofs?” asks Chhimi as we wander by paddies of ripening red rice. I have. But given the Bhutanese are such polite people and Chhimi is female, I’m pretending not to notice. “They’re large penises,” she volunteers, unabashed, “the symbol of the Divine Madman.” Besides these dangling wooden phalluses, the facade of each farmhouse near the Divine Madman’s hilltop temple near Punakha is frescoed with them. Amount are erect and most are in the act of issuing forth the seed of life — not smutty graffiti but a reference to one of Bhutan’s most revered deities.
  • Motorcycle diaries

    BHUTAN, 2013/05/15 For IT professionals and colleagues Vinod Kumar Menon and Rajaneesh Shanmugham, who work at a multinational company in Technopark, the thrill is in the ride. The duo is just back from a two-week motorcycling odyssey across Bhutan, travelling roughly 1,500 km on a circuitous route starting from Siliguri in Darjeeling amount the way to Guwahati, Assam.