Part of a mushrooming industry of youths developing user friendly apps Oie Dish8Door is the first food-ordering App in Bhutan. It was started on 13 April 2018. Anyone can place a food order from the popular restaurants registered with the App, without physically going to restaurants and placing the orders …
Read More »Out of touch BCCI supported fronting amendment that can lock up thousands of innocent Bhutanese business people
A big surprise in this Parliament session for the small business community who make up the majority of the 40,000 business licenses in Bhutan was fronting being added as a Fourth Degree felony which means imprisonment from three to four years without the possibility of paying Thrim-thue. There was outrage …
Read More »2 lives lost in Samtse due to Monsoon
The monsoon season was delayed this time by a week but with the onset of monsoon, it brought in a lot of damages and even took lives of two people. One of the majorly affected area as such was Dorokha. The continuous heavy rainfall which led to flood and landslides …
Read More »SOEs not required to submit budget for NA Economic committee review
The National Assembly (NA) during the presentation of Budget Appropriation Bill in NA endorsed most of the recommendations of the Economic and Finance Committee including the recommendation for all SOEs to submit their annual budget proposals for review through the Ministry of Finance (MoF), to the Economic and Finance Committee …
Read More »A start for Cottage and Small industries
The State of the Nation Report included cottage and small industries as one of its priority sectors. There are 20,908 cottage and small industries (CSIs) generating 96,177 jobs, and the number has increased by 1,297 in the last year. CSIs have the potential to narrow the gap through economic diversification …
Read More »Legal status of BCCI under a cloud as it struggles with funds
The annual allocated budget by the government to the Bhutan Chamber of Commerce and Industries (BCCI) stands at Nu 10.05 million (mn), after being almost slashed during the presentation of the Budget Appropriation Bill by the Economic and Finance Committee of the National Assembly (NA). The committee recommended on slashing …
Read More »Caution required to take up new hydropower projects
The monetary benefit raked in by Chukha hydropower project, which was started in the 5th Five-Year-Plan (FYP), helped boost Bhutan’s economy, and thus, hydropower export is seen as the major growth driver. However, Prime Minister, Dr Lotay Tshering, while presenting the State of the Nation Report in the Parliament, said …
Read More »Hydropower loans push country’s debt to Nu 210 billion
The Prime Minister, Dr Lotay Tshering, presented the State of the Nation Report to the Parliament on 26 June. As for the state of the country’s economy contained in the report, PM said that the country’s public debt has reached Nu 210 billion (bn) out of which Nu 154 bn …
Read More »Trade and Investment Bill to have value-based sentencing for fronting
The Economic Affairs Minister Loknath Sharma said that the new section on fronting as a fourth degree felony put in the Penal Code of Bhutan is quite harsh. He said fronting does not just mean Bhutanese people renting out their business licenses to foreign nationals, but in the new section, …
Read More »Taxi Association challenges Airport bus service but passengers disagree
Shortly, after the airport shuttle bus service was introduced, Paro taxi Tshogpa, Dorji Wangdi, 48 said that he started receiving complaints from the Airport Taxi service drivers that they must inform the concerned authorities that their business is at stake. He also added that ‘’The introduction of such service will …
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