Yearly Archives: 2012

Credit Restriction could lead to defaulters

One of the major remedies adopted by the Royal Monetary Authority (RMA) to contain the Indian Rupee (INR) crunch is increasing the credit to deposit ratios and also risk weightages dramatically, which in short means that banks in complying with these measures have little or no cash to lend. One …

Read More »

Yedzin in Cambodia – jinxed play

Bhutanese club Yedzin FC lost both the matches they played in the ongoing President’s cup in Cambodia. They conceded eight goals against Phnom Penh Crown and could not score even a consolation goal which was disappointing for fans back home. In the first half Bhutan conceded three goals and in …

Read More »

Private money lenders make hay while the sun shines

In the backdrop of financial institutions freezing loans due to the rupee crunch, private money lending has become a thriving business in the country though the procedures are illegal. This business is also rampant mostly in gambling dens. There are money lenders thriving on the spending sprees of gamblers, said …

Read More »

Tracing the footsteps of cordyceps collectors

Spring is a season of opportunities for Bhutanese nomads living in the northern fringes of the country. But the opportunities are hard-earned. Cordyceps (“Yatsagunbub”) collectors don’t have it easy when they go looking for the “fungus-worm” but then they are not ones to give up easily. Preparation is done many …

Read More »

For low carbon tourism in the coming days

The Association of Bhutanese Tour Operator (ABTO) launched a low carbon tourism project for sustainable tourism in February this year. It is funded by the European Union (EU) Switch Asia Programme which is the largest international donor and also the strongest global advocate of sustainable development. The EU Switch Asia …

Read More »