State-owned enterprises or SOEs in the country have pledged to improve efficiency, accountability, and service delivery. Signing this year’s Annual Performance Compact with the finance ministry yesterday, nine SOEs committed to increasing their revenue generation, with FCB alone aiming to generate up to Nu 4.6bn this year. The compact sets financial and operational targets to support national development, improve public services, enhance food security, and environmental sustainability.
Bhutan Broadcasting Service Corporation Limited aims to increase revenue by 16 per cent to over Nu 390 M. The company plans to strengthen broadcasting services, expand FM coverage in remote areas, provide coverage of the 2026 LG elections, and host the Asia-Pacific Broadcasting Union summit on climate action.
Bhutan Development Bank Limited targets revenue of more than Nu 3.5bn while keeping non-performing loans below 4.5 per cent. The bank will introduce new financial products, upgrade its core banking systems, and expand trade finance to support business and economic growth.
Bhutan Livestock Development Corporation Limited is pursuing a turnaround strategy, aiming to return to profitability and increase local production of meat, eggs, and fish, while maintaining strict food safety standards.
The Bhutan Postal Corporation Limited plans to improve service quality and customer experience, targeting over 98 per cent operational efficiency. It will expand e-commerce services, obtain international certification, and strengthen governance and risk management.
The Farm Machinery Corporation Limited aims to generate Nu 770 M in revenue. It plans to expand farm mechanisation, increase crop aggregation, manufacture mega-greenhouses, strengthen market linkages, and promote climate-resilient agriculture.
The Food Corporation of Bhutan Limited targets revenue of more than Nu 4.6bn, focusing on maintaining national food reserves, boosting agricultural exports, and reducing post-harvest losses.
The Green Bhutan Corporation Limited targets revenue of Nu 105 M. Its priorities include expanding seedling production, restoring degraded land, and supporting environmental conservation and carbon offset initiatives.
The National Housing Development Corporation Limited projects revenue of nearly Nu 400 M, with a focus on improving housing supply, infrastructure, and service quality.
The National Pension and Provident Fund will work to strengthen fund sustainability and ensure efficient pension and provident fund management to protect members’ long-term financial security.
Deki Lhazom
Edited by Phub Gyem
