Bhutan Chamber of Commerce and Industry (BCCI) president Ugen Tshechup Dorji during his five Dzongkhags tour shared his agenda for the country’s private sector and took note of grievances expressed by various business communities. For the first time in its history BCCI office bearers are visiting every business community across …

Political Parties across the board have welcomed the Gyelpozhing verdict of the Mongar Dzongkhag court which has held the Speaker, Home Minister and the 14 plot allotment committee members as being guilty. They have also questioned the OAG’s original assessment of there being no case. Political parties say they trust …

The Reserve Bank of India (RBI) signed the first Currency Swap Agreement with the Royal Monetary Authority (RMA) of Bhutan for up to USD 100mn to further economic co-operation between the two countries, yesterday in New Delhi, India. RMA can make withdrawals of US Dollar, Euro or Indian Rupee in …

The incumbent government boasted of having delivered almost every promise it made during its five year term in office. This was made clear in the confident statement of Prime Minister Jigmi Y Thinley’s fifth and last state of the nation report presented to members of the parliament. However, political parties …

The report also advised that issuances of mining licenses be frozen till issues are resolved The National Council (NC) in its comprehensive mining report says existing mines and quarries are not regulated and managed to optimize equitable public socio-economic benefits and also lack environmental soundness. This was one of the …

Though the Bhutanese economy continues to reel under a severe credit crunch, balance of payment issues and Indian Rupee (INR) shortfall, the Prime Ministers state of the nation report said the size of the Bhutanese economy expanded from Nu 55bn in 2008 to a little over Nu 95bn by the …

Bhutanese officials from the National Environment Commission (NEC), Gross National Happiness Commission (GNHC), Department of Energy (DoE), Livestock, and Forestry among others expressed dissatisfaction over the Environmental Impact Assessment (EIA) report presented by SJVNL (Satluj jal Vidyut Nigam Ltd) for the 570 MW Wangchhu hydropower project during a meeting in …

The house also recommended a series of measures to tide over the crisis The National Council (NC) held the Ministry of Finance (MoF) and the Royal Monetary Authority (RMA) accountable for the current economic situation and the Indian Rupee (INR) shortfall in particular. This is following an intensive review by …

Agriculture minister Pema Gyamtsho denied making any announcement or statements at the recent Annual Sustainable Development conference in Delhi, India about Bhutan turning 100 percent organic by 2020 as reported by certain international media. This was in response to the concerns raised by opposition leader (OL) Tshering Tobgay, during the …

The royal monetary authority (RMA) governor assured that the domestic financial system is safe, sound and resilient and in a comfortable position to meet their obligations despite the liquidity crisis in the country. This assurance comes at a time when the country is faced with the Indian Rupee (INR) shortfall …