Headline Stories

Regional Trade Office blamed for gas shortage

  The shortage of LPG cylinders occurring currently, according to managers at some stations, is due to the fact that since the Regional Trade and Industries Office (RTIO) took over the issuance of cylinders from private distributors, the office is issuing new connections indiscriminately. The RTIO issues 15 new connections …

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Overbilling creeps into border towns

Time and again the Royal Monetary Authority (RMA) has been requesting the public to refrain from dishonoring the INR informal exchange but each time a new problem crops up. This time, the practice of overbilling for goods is  creeping into border towns. Overbilling means invoicing in excess of prices or …

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Bhutanese poachers behind killing of Tiger and Leopard

Forest officials track down and apprehend three long-time poachers. The tiger was poached by their Indian counterparts along the Assam-Bhutan border on request while the leopard was killed in Nganglam. Three long-time Bhutanese poachers were apprehended in connection with the illegal transaction of tiger and leopard parts on 26 March. However, what …

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Wholesale cartel makes 216% profit on imported vegetables

A study by Department of Agriculture and Marketing Co-operatives shows that Bhutanese kitchens pay exorbitantly high rates and recommends that FCB take over wholesale of vegetables to bring down prices   Next time you visit the Centenary Farmer’s Market in Thimphu make sure that you drive a hard bargain. A study by the Department …

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Non-resident foreigners’ bank accounts in country is money laundering: RMA Governor

He added that closing the accounts was always a priority   Earlier this week, the RoyalMonetary Authority(RMA) Governor, duringa meeting with about 150 representatives from the private sector, made it clear that Indian businessmen across the border holding bank accounts in Bhutan was not legal and closing these accounts had remained a priority ever since the central …

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