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Friday November 13th, 2026

Bhutanese women seek leadership roles

ECONOMYNEXT – In traditionally matrilineal Bhutan, patriarchal attitudes stifle women’s growth at decision-making levels.

Unlike most Asian countries, in Bhutan girls are wanted and favoured. Indeed, upon marriage, most men move to the homes of their bride, and property is transferred from mother to daughter. Women manage multiple tasks at home, while also holding office jobs, and are the decision-makers in the family. 

Yet, leadership roles in society for women remain elusive.

Says Aum Phuntshok Chhoden, Executive Director of the Bhutan Network for Empowering Women, (BNEW) ‘women enjoy almost a mythical status in comparison to their counterparts in neighbouring countries,’ yet, ‘in the political discourse is a male-dominated system.’

In the first parliamentary elections held in Bhutan in 2008, just ten of the 72 seats went to women. Of those, 8 had been elected, while two had been appointed by Bhutan’s King, Chodden explained.

That number had dropped at the next parliamentary election, with the total percentage of seats held by women going from 14 to 8 she added. But at the 2018 elections, there had been a small improvement, with the percentage of women rising to 15.3 percent.

The current Cabinet of 10, has just one woman, the health minister.

Chhoden was speaking at a webinar on the ‘Role of Women in Modern Bhutanese Society’, organised by the Friedrich Naumann Foundation (FNF) South Asia on December 16th. Moderated by Namgay Zam the Executive Director of Journalists Association of Bhutan (JAB), the panel included Tshering Dolkar, Executive Director of Respect, Educate, Nurture and Empower Women (RENEW) and Aum Sonam Wangmo, Founder of Bhutan Yu-Druk Tours.

At the Local Government level, the 2011 election saw just 98 women elected for the 1,454 seats. One woman had been elected a chairperson of a Local Government authority. That number doubled in 2016, with two women appointed as chairpersons.  In the civil service too, there are fewer women in leadership roles. She added that the Bhutan’s King had appointed two women to the post of Secretary to civil service institutions. 


The exception to the rule seems to be in the constitutional bodies, where two of the four commissions are chaired by women.

Her organisation BENEW works extensively with women, grooming and preparing them to take on decision making positions at the highest levels of society.

The discussion was clear; the issue is not so much about women who have been trailblazers in many fields, not aspiring to be in leadership positions, but society’s unwillingness to open up to women taking on roles that have traditionally been held by men. As the panellists stated, Bhutan’s Monarchy has opened the door for women to be in decision-making positions, appointing them to head Constitutional Commissions and to the National Assembly.

However, even strong and capable women are not considered for a leadership position at the local government level for instance, if that role involves dressing up as a monk or riding a horse at a festival. As Chhoden explained, a woman taking on such a task is seen as inauspicious. 

Namgay Zam, added that the picture in the media industry is bleaker. While at least a few women are in parliament, so far there have only been two women in leadership positions in the media; a managing director appointed to the national broadcasting service in 2008, and the appointment of a woman editor in chief of the national newspaper Keunsel in 2018.  Male journalists, she said, far outnumber their female counterparts, and according to data collected by JAB, the ratio is 92 to 30. 

Across the country, women in leadership hold just about 17 to 18 percent, the webinar heard. 

The phallus symbol is displayed everywhere to ward off evil and harm, indicating the reality, says Chhoden that ‘patriarchy, dominates life at all levels.’

Tashiring Dolkar explained that both the Queen Mother and the Queen of Bhutan take a special interest in spearheading programmes to empower women. The Queen, who is the patron of the organisation Dolkar, uses the 2013 Domestic Violence Act to address societal challenges and to promote gender equality and equity.  Women, have endured domestic violence, mental health and trauma issues for years, she stated. Bhutan scores high on the World Happiness index, however, taken as a whole, says Dolkar, many Bhutanese, mostly women, are dealing with mental health issues. The separate mental health unit set up at the hospital, an initiative of the Queen, therefore, comes at an opportune moment, she pointed out.

Dolkar recalled that as a third-year College student in 1990, she had been asked to speak on the role of women in development at an event attended by the 4th King of Bhutan.  She had raised the need for a 25percent quota for women in parliament, resulting in the King questioning as to why there was such a drawback for women to play an equal role as men in society.

Responding to a question from the audience, Dolkar pointed out that women do not have to take on a male persona to be strong and accepted by society.

Her organisation provides many services to women, from counselling, legal aid, livelihood skills to micro-finance. 

Aum Sonam Wangmo transitioned from being a homemaker to a businesswoman in 1985. Those were days when airline ticketing was handled in Calcutta, India, and communication was limited to snail mail and the phone, which actually involved a Trunk call.  She also entered the tourism field providing trekking services, where she led a group of 10 to 15 group of men. She was ‘thrown into it, and took it on,’ Wangmo said, adding that anything is possible when “you put your mind to it.” 

Could a woman become the Prime Minister of Bhutan?  Says Wangmo, Bhutanese women multi-task and bear the responsibility of managing their families, and it is a woman’s decision whether they want to take on the added duties of a Prime Minister.

With the advent of technology and many young women having access to information, their enterprising spirit opens up more possibilities, she added. 

Bhutan measures its development through five-year plans, and, as Chhoden explained, there has been a concerted effort by the government to include gender sensitivity in mainstream activities. Bhutan is a signatory to many international conventions and must also meet the SGD goals, she said, she fears that may not be possible in the area of gender equality unless there is a ‘policy tweak or legislative tool.” She welcomed the inclusion of a national key research field on gender equality and women empowerment in the most recent five-year plan. 

India’s Panchayat system has given much hope to Bhutanese women, several of whom have been exposed to the workings of that system. While Indian women only receive an allowance for their contribution to the Panchayat, Bhutanese women in the civil service are paid for their work, and are better placed to make inroads at decision-making levels, Chhoden observed.

Society is flexible she noted, and “we must dare to be strong’” to counter the idea that only men are capable of leadership, while women play a ‘meek and humble role.’

The modern Bhutan, Chhoden concluded has the opportunity to “remove herself from the patrilineal role as practised in other nations, and use the strong matrilineal tradition to groom young boys and men to be more caring, compassionate and honest.”  A blend of the ‘good matrilineal and patrilineal traits’ explained Chodden, is the best way to proceed, as the ‘natural characteristics found amongst women, can be used to nature a feminine mould in leadership.”

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Sri Lanka stocks close down 0.60-pct, dragged by HNB and LOLC

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed down on Friday, CSE data showed, with the benchmark All Share Price Index moving down 0.60 percent.

The ASPI was down 133.22 points at 22,024.18, while the more liquid S&P SL20 was down 1.06 percent, or 67.55 points, at 6,298.02.

The ASPI ended the week up 784.53 points from last Friday.

Positive contributors to the ASPI were Dialog Axiata (up 0.40 percent at 50.20 rupees), Distilleries Company of Sri Lanka (up 0.52 percent at 58.30 rupees), Aitken Spence (up 3.60 percent at 151.00 rupees), Ceylon Tobacco Company (up 1.05 percent at 1,828.50 rupees), and LOLC Finance (up 1.96 percent at 5.20 rupees).

Hatton National Bank (down 1.88 percent at 403.75 rupees), Richard Pieris and Company (down 6.21 percent at 27.20 rupees), LOLC Holdings (down 2.17 percent at 405.00 rupees), Sampath Bank (down 1.91 percent at 154.00 rupees), and Singer (Sri Lanka) (down 2.40 percent at 77.30 rupees) were top negative contributors.

Market turnover was 3.23 billion rupees. Capital goods led turnover with 869.21 million rupees. (Colombo/Nov13/2026)

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Sri Lanka MP slams budget speech for omitting Tamil national question

ECONOMYNEXT – A Sri Lanka legislator has voiced strong disappointment that the President’s budget speech failed to make a single mention of the Tamil national question.

“It is very unfortunate that in His Excellency the President’s speech, there has not been a single word mentioned about the Tamil national question. Not a single word,” Shanakiyan Rasamanickam said.

“A budget speech generally, is a policy direction of the government for the next year. The budget speech is not only a statement of the country’s fiscal position or the economy’s position. It is the country’s, the government’s, plan, or what the government plans to do the following year. That’s a policy statement.”

Former presidents would at least mention the Tamil question even if it was not resolved, he said.

Former President Ranil Wickremesinghe in his speech, in his policy statement, he would mention: “The Tamil national question must be resolved,” Rasamanickam said.

Former Presidents Maithripala Sirisena and Gotabaya Rajapaksa also mentioned that the national ethnic question must be resolved, he added.

“Every President, every country’s Head of State, in their policy statements, have acknowledged the fact that there is an unresolved national issue, the Tamil national question, that it needs to be resolved. Various governments have proposed various mechanisms; none of them have succeeded, but at least it was mentioned.”

This year’s budget made allocations for the Office of Missing Persons, and the Office of Reparations.

“But the domestic mechanism is a mechanism that the victim community has rejected. So you all are allocating money to a mechanism where the victim community is not going to be part of.”

Last year’s budget 1 billion was allocated to be spent on the Trincomalee and Jaffna airports.

“Where was that 1 billion for the Trincomalee and Jaffna airports spent last year?”

“The trajectory of this government, Honourable Deputy Speaker, is worrying to me. It’s really worrying to me. Because if the objective is to say that there is no Tamil national question, if the objective is to say that you all have resolved any ethnic issue that this country faced, then Honourable Deputy Speaker, then I think the Tamil people will teach this government a very, very, very harsh lesson in the future.” (Colombo/Nov13/2026)

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Sri Lanka sells extra Rs6.5bn Treasury bills after auction

ECONOMYNEXT – Sri Lanka has sold 6,500 million rupees of treasury bills offered on tap at an average rate of 9.95 percent, the public debt management office said, bringing the total of bills sold in the week to 85.562 billion rupees.

The issue offered 90 billion.

Total market subscription was 6.5 billion rupees.

The debt office sold a 12-month bill at 9.95 percent.

On Wednesday (11) the debt office raised 79 billion rupees of 3, 6 and 12 month bills after offering 90 billion.

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Sri Lanka Treasury bill yields hold broadly steady, less bills sold

The settlement date is November 13. (Colombo/Nov13/2026)

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Access Engineering Sept quarter group net profit surges 200-pct to Rs4.75bn

ECONOMYNEXT — Sri Lanka’s Access Engineering PLC recorded a group net profit attributable to equity holders of Rs. 4.75 billion for the quarter ended September 30, surging 200 percent from Rs. 1.58 billion a year earlier, interim accounts showed.

Basic earnings per share rose to Rs. 4.08 for the September quarter, up from Rs. 1.58 previously.

Quarterly group revenue expanded 36 percent to Rs. 20.39 billion from Rs. 14.94 billion, underpinned by condominium property handovers — reflected in inventories dropping Rs. 7.69 billion since March to Rs. 35.71 billion — alongside strong automobile sales and steady civil engineering execution.

Cost of sales rose at a slower 27 percent to Rs. 14.34 billion, lifting gross profit by 64 percent to Rs. 6.05 billion and expanding gross margins to 29.7 percent from 24.7 percent.

Other income jumped 144 percent to Rs. 259.9 million, while administrative expenses rose 75 percent to Rs. 1.14 billion, leaving operating profit up 64 percent at Rs. 5.16 billion.

However, finance costs more than doubled, rising 107 percent to Rs. 1.18 billion on elevated group borrowings of Rs. 43.74 billion, partly offset by finance income climbing 302 percent to Rs. 42.2 million.

Share of results from equity-accounted investees rose 122 percent to Rs. 26.7 million, pushing pre-tax profit up 56 percent to Rs. 4.05 billion.

Income tax swung to a net reversal of Rs. 186.6 million from an expense of Rs. 804.1 million, boosted by deferred tax assets on unrelieved losses from a 100 percent enhanced capital allowance claimed by 60 percent-owned radiopharmaceutical subsidiary Access Medical Tracers (Private) Limited.

Total period profit rose 136 percent to Rs. 4.24 billion, with non-controlling interest declining 24 percent to Rs. 164.9 million following last year’s buyout of minority shareholders in Harbour Village (Private) Limited.

No separate exchange gain or loss was itemized in quarterly earnings, though foreign currency translation via associates recorded a Rs. 17.4 million loss in other comprehensive income, alongside USD 16.6 million in corporate guarantees.

Notes also flagged an expected Rs. 1.45 billion recovery from the terminated South Asia Commercial and Logistics Hub project, a Rs. 225 million post-quarter legal settlement already provided for, and a Supreme Court appeal over a 2011/12 PAYE tax ruling.

Group assets stood at Rs. 132.4 billion as of September 30, with net asset value per share at Rs. 46.70, as the Employees’ Provident Fund raised its stake to 5.69 percent.

Access Engineering shares closed at 80.00 rupees at the end of September and are currently trading around 85.80 rupees. (Colombo/Nov13/2026)

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Sri Lanka private sector says timely implementation of Budget 2027 key

ECONOMYNEXT – Private sector body, The Ceylon Chamber of Commerce, said it was encouraged by the broad direction of Budget 2027, noting that it reinforces Sri Lanka’s commitment to economic transformation while maintaining policy continuity, macroeconomic stability, and fiscal discipline.

“This continuity is particularly important as the country seeks to transition from economic stabilisation to a more durable, investment-led growth trajectory.”

The chamber also noted several areas where the Budget could have placed greater emphasis to strengthen the country’s growth prospects.

“In particular, there is a need for a stronger focus on attracting Foreign Direct Investment (FDI), accelerating factor market reforms, particularly in land and labour, and fast-tracking public procurement reforms to improve the efficiency and speed of project implementation.

“More targeted and actionable proposals could have been introduced to unlock the potential of sectors with significant growth opportunities, including tourism, agriculture, IT/BPO and logistics.”

The chamber said the budget contains positive measures aimed at enhancing competitiveness, and external sector resilience, while presenting opportunities for focus on sectors that can accelerate growth.

“A number of the key structural reforms identified in last year’s Budget have been carried forward and strengthened, providing greater certainty and predictability to businesses and investors.

“These include the continued implementation of the Trade National Single Window (TNSW), the phased removal of para-tariffs, the rollout of the Digital ID framework, efforts to expand market access through new Free Trade Agreements (FTAs), the strengthening of one-stop-shop investment facilitation mechanisms, progress on Customs reforms, the expansion of Bandaranaike International Airport (BIA), enhanced financing support for SMEs, and reforms relating to the management of State-Owned Enterprises.”

The CCC said that more than 20 proposals submitted by it have been reflected in Budget 2027.

These include measures to strengthen investor facilitation through the establishment of a professionally managed investment promotion agency; continued efforts to improve trade facilitation and export competitiveness; the Government’s consideration of a successor programme with the International Monetary Fund (IMF); accelerated progress on key legislative reforms; the expansion of digital government services; and the promotion of cashless payments and broader digital adoption. The Budget has also captured several priorities relating to energy security, including the accelerated deployment of Battery Energy Storage Systems (BESS) and investments in fuel storage infrastructure, initiatives to optimize underutilized agricultural land, measures to support the expansion of the digital economy and the IT/BPO sector, and tax reforms to support exporters, including the acceptance of newly VAT-registered exporters as eligible exporters.

“The inclusion of these priorities reflects the value of sustained public-private dialogue and demonstrates increasing alignment between national policy objectives and the needs of a competitive, export-oriented economy.

“The priority now must be effective and timely implementation to translate policy commitments into investment, competitiveness, exports and sustainable growth.” (Colombo/Nov13/2026)

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Sri Lanka stocks trend lower day after budget reading

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange was trending lower on Friday, CSE data showed, with the benchmark All Share Price Index moving down 0.66 percent.

The ASPI was down 146.78 points at 22,011, while the more liquid S&P SL20 was down 0.94 percent, or 59.99 points, at 6,306.

Positive contributors to the ASPI were Access Engineering (up 1.30 percent at 85.80 rupees), LAUGFS Gas (up 3.31 percent at 49.90 rupees), Ceylon Tobacco Company (up 1.13 percent at 1,830 rupees), Ceylon Cold Stores (up 0.80 percent at 126 rupees), and Namunukula Plantations (up 1.79 percent at 68.10 rupees).

LOLC Holdings (down 1.03 percent at 409.75 rupees), Hatton National Bank (down 0.61 percent at 409 rupees), Sunshine Holdings (down 3.81 percent at 30.30 rupees), and Sampath Bank (down 1.91 percent at 154 rupees) were top negative contributors.

Market turnover was 1.55 billion rupees. Capital goods led turnover with 459.57 million rupees. (Colombo/Nov13/2026)

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