A 33-year-old man has been sentenced to life imprisonment for the brutal murder of his 53-year-old mother-in-law, which occurred in October last year. The assailant allegedly attacked the victim with a knife and firewood, resulting in her tragic death. According to the police, the motive behind the murder was stated …
Read More »Economic development board and FDI policy review committee get to work
The formation of Economic Development Board (EDB) leaded by the Prime Minister will consist of key members including the Minister of Industry, Commerce, and Employment, the Secretaries of Ministry Energy and Natural Resources, and Ministry of Industry, Commerce, and Employment, the President of the Bhutan Chamber of Commerce and Industry, …
Read More »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 …
Read More »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 …
Read More »The purchasing power of Ngultrum stand at Nu 56.4
According to the National Statistical Bureau (NSB) report on Consumer Price Index (CPI), the Purchasing Power of Ngultrum (PPN), when compared between December 2023 and December 2012, the PPN, as measured by CPI, stands at Nu 56.4. This indicates that Nu 100 in December 2023 is equivalent to only Nu …
Read More »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. …
Read More »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 …
Read More »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 …
Read More »Expectations of BCCI and the private sector from the new government
Amidst a prolonged economic downturn, the People’s Democratic Party (PDP) unveiled ambitious plans to revitalize the nation’s economy, garnering attention as they will take over the office soon. As part of its pledges, the new government aims to implement a Nu 15 billion Economic Stimulus Plan (ESP) within the first …
Read More »12 cases of JN.1 Variant of COVID-19 detected
On 19th January, Ministry of Health (MOH) confirmed the detection of JN.1 Variant of COVID-19 in the country. The MOH informed the general public that the Royal Centre for Disease Control (RCDC) has detected the JN.1 variant (a sub-lineage of the BA.2.86 Omicron) through routine COVID-19 Integrated Influenza surveillance on …
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The Bhutanese Leading the way.