AGL 38.48 Decreased By ▼ -0.08 (-0.21%)
AIRLINK 203.02 Decreased By ▼ -4.75 (-2.29%)
BOP 10.17 Increased By ▲ 0.11 (1.09%)
CNERGY 6.54 Decreased By ▼ -0.54 (-7.63%)
DCL 9.58 Decreased By ▼ -0.41 (-4.1%)
DFML 40.02 Decreased By ▼ -1.12 (-2.72%)
DGKC 98.08 Decreased By ▼ -5.38 (-5.2%)
FCCL 34.96 Decreased By ▼ -1.39 (-3.82%)
FFBL 86.43 Decreased By ▼ -5.16 (-5.63%)
FFL 13.90 Decreased By ▼ -0.70 (-4.79%)
HUBC 131.57 Decreased By ▼ -7.86 (-5.64%)
HUMNL 14.02 Decreased By ▼ -0.08 (-0.57%)
KEL 5.61 Decreased By ▼ -0.36 (-6.03%)
KOSM 7.27 Decreased By ▼ -0.59 (-7.51%)
MLCF 45.59 Decreased By ▼ -1.69 (-3.57%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 220.76 Decreased By ▼ -1.90 (-0.85%)
PAEL 38.48 Increased By ▲ 0.37 (0.97%)
PIBTL 8.91 Decreased By ▼ -0.36 (-3.88%)
PPL 197.88 Decreased By ▼ -7.97 (-3.87%)
PRL 39.03 Decreased By ▼ -0.82 (-2.06%)
PTC 25.47 Decreased By ▼ -1.15 (-4.32%)
SEARL 103.05 Decreased By ▼ -7.19 (-6.52%)
TELE 9.02 Decreased By ▼ -0.21 (-2.28%)
TOMCL 36.41 Decreased By ▼ -1.80 (-4.71%)
TPLP 13.75 Decreased By ▼ -0.02 (-0.15%)
TREET 25.12 Decreased By ▼ -1.33 (-5.03%)
TRG 58.04 Decreased By ▼ -2.50 (-4.13%)
UNITY 33.67 Decreased By ▼ -0.47 (-1.38%)
WTL 1.71 Decreased By ▼ -0.17 (-9.04%)
BR100 11,890 Decreased By -408.8 (-3.32%)
BR30 37,357 Decreased By -1520.9 (-3.91%)
KSE100 111,070 Decreased By -3790.4 (-3.3%)
KSE30 34,909 Decreased By -1287 (-3.56%)

Bhutan's prime minister conceded defeat Sunday, after the ruling party was knocked out in the first round of the small Himalayan nation's third-ever election. Harvard educated Tshering Tobgay was seeking a second term in the poll but fell short of two rival parties, who will contest a runoff on October 18.
Election officials said Druk Phuensum Tshogpa (DPT), which won Bhutan's first-ever election when the kingdom transitioned to democracy in 2008, attracted nearly 93,000 votes, narrowly beating Druk Nyamrup Tshogpa (DNT). "I congratulate DNT and DPT and their candidates (on) their outstanding performance," Tobgay posted on Twitter.
Tobgay, a 52-year-old mountain-biking enthusiast, and his People's Democratic Party won power from opposition in 2013. More than 291,000 people cast their vote in Saturday's poll for a 66 percent turnout of registered voters, an election official told AFP.
Bhutan has tried to shield itself from the downsides of modernisation, striving for "Gross National Happiness" over over GDP growth, maintaining a carbon-negative economy and keeping tourist numbers down with a daily fee of $250 per visitor in high season. The 800,000 inhabitants of Switzerland-sized Bhutan got television in 1999 and democracy arrived only in 2008 when its "dragon king" monarchy ceded absolute power.
Corruption, rural poverty, youth unemployment and the prevalence of criminal gangs remain challenges for Bhutan's economy. During the last election campaign in 2013 India abruptly withdrew subsidies for kerosene and cooking gas imports, in what was seen as an attempt to coerce a change of government. India is unhappy about China's growing influence in Bhutan. Last year India and China became embroiled in a military standoff over the Doklam plateau high in the Himalayas claimed by both China and Bhutan.
New Delhi does not claim the territory but has a military presence in Bhutan. It stepped in to prevent Chinese border guards from building a road there, prompting Beijing to accuse it of trespassing on Chinese soil.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.