Dorji Choden

Liquidity position in Financial Institutions

As the economy sees increased demands for bank loans to fuel economic growth, maintaining adequate liquidity in the banking system is crucial. The Royal Monetary Authority (RMA), the country’s Central Bank, has been implementing strategies to manage liquidity effectively while upholding financial stability. As per the RMA report, the main …

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Hotel bookings for the spring season look promising

The hotel industry seems optimistic about the future due to the rise in tourist numbers following the introduction of the USD 100 Sustainable Development Fee (SDF) and reductions in SAARC airfare. According to the Chairman of the Hotel and Restaurant Association of Bhutan (HRAB), Jigme, “The occupancy outlook for the …

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Penden Cement clarifies on underweight cement bags

Around the end of December 2023, there was viral video circulating in social media platform accusing Penden Cement Authority Limited (PCAL) management on dispatching underweight cement causing concerns. The video captures a man expressing dissatisfaction with the weight of cement, claiming it to be 3-5kg less than the actual weight. …

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Technical issues plague tax filing portals

As taxpayers gear up for the tax season, concerns arise over glitches in the online filing platforms. Users’ express frustration with the RAMIS (Revenue Administration Management Information system) portal, utilized for Personal Income Tax (PIT) and Business Income Tax (BIT) submissions, as well as the recently introduced NDI website for …

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AI and Deepfakes arrive in Bhutan

In an era where reality and fabrication blur with unsettling ease, the rise of deepfake technology poses an unprecedented challenge to our understanding of truth and authenticity. Not long ago a Tik Tok account Ugyen_Tech of an Artificial Intelligence Company in Bhutan named NoMindBhutan posted three videos replicating the face …

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