In the aftermath of the Royal Monetary Authority’s (RMA) directive to stall all domestic loans, the majority of the businesses have been affected, and the ripples being felt by the construction industry and car dealers are the worst. The INR crunch makes it even worse. President of the Construction Association …

Financial Institutions say they may not be able to issue any new loans for months and even years under RMA’s latest liquidity or borrowing restrictions. This comes in the backdrop of the already existing housing and transport loan restrictions. Bhutan’s Financial Institutions are heading for a deep freeze as a …

The Indian ambassador to Bhutan, Pavan K Varma, said that the Government of India (GoI) will standby Bhutan to help tide over the rupee crisis. This, the Indian ambassador highlighted in an interview with The Bhutanese. The Ambassador said “Bhutan enjoys bipartisan support across political parties in India and India …

Following the first annual human resource conference held by the Royal Civil Service Commission (RCSC) earlier this week, senior officials of the commission met with more than 170 civil servants of Thimphu dzongkhag yesterday. The day-long meeting saw the RCSC commissioners briefing the audience on Civil Service Act of Bhutan …

With just two parliamentary sessions left before the Druk Phuensum Tshogpa (DPT) government’s term comes to an end, certain quarters are raising concerns on the Right To Information (RTI) Bill that prime minister Lyonchen Jigmi Y  Thinley had assured would be introduced by his government within its tenure in power. …

Proposed amendments include new chapters pertaining to broadcasting, cyber security and data protection The Bhutan Information Communications and Media Amendment Bill 2012, after certain major consultations and amendments was submitted to the Cabinet Secretariat by the ministry of information and communication (MOIC) recently this month. The converged ICM Act was enacted …

Both Phuentsholing and Gelephu internet gateways fall under the same Mumbai-Siliguri link which if disrupted will lead to a failure of internet services in Bhutan The much awaited second internet gateway for Bhutan was finally lit on March 26, 2012 but there is already a question mark on its long …

An amusement park and a film and television institute are part of the plan  The gateway for the Bhutanese film industry to the international market is finally unbolting with the ministry of information and communication (MOIC) approving in-principle, the first-ever film city project in the country. Motion Picture Association of …

Bhutan National Bank Limited (BNBL) made a net profit of Nu 510.3mn last year, an increase by Nu 259mn from the year 2010. Chairperson of the board of directors, Kunzang Dechen said that apart from being “delighted”, the management has cut down on a lot of costs. “Income from foreign …

Almost six months after an earthquake measuring 6.8 on the richter scale jolted Bhutan affecting some 38,200 people across the country, a major portion of the grieved households are still awaiting their insurance money. The General manager of the general insurance department, Royal Insurance Corporation of Bhutan (RICBL), said owing …