The Royal Monetary Authority (RMA) approved the partial lifting of loan moratorium of Bhutan Development Bank Limited (BDBL) to selected branch offices like Wangduephodrang, Tsirang, Dorokha, Gasa, Trashigang, Gedu, Dagapela, Jomotshangkha, Lhuentse, Zhemgang, and Nganglam. These selected branches will be providing limited credit services in critical areas with focus on …
Read More »High Biometrics service cost in Bhutan compared to other countries in South East Asia
Rising opportunities have led people to travel outside, especially to Australia and the United Kingdom (UK), and people grabbing these opportunities complain of the high cost for biometrics compared to other countries in South East Asia. VFS Global Thimphu currently offers the biometric services to those who want to go …
Read More »Bhutanese Civil Servants paid higher than Bangladeshi and Nepalese counterparts but lower than Indian ones
Bhutan is facing a high attrition rate from the civil service and the private sector and one major reason cited is pay. This is the main reason the sixth pay commission has been formed to increase the pay of the civil servants. A regional comparison shows that Bhutanese civil servants …
Read More »Bhutanese doing their own crypto currency mining in Bhutan
The idea of cryptocurrency mining in Bhutan is relatively new, with mostly young people taking interest in it. With the fourth industrial revolution made possible by the convergence of technologies, crypto currency is gaining popularity in and around the world, and Bhutan is also taking interest in it. The recent …
Read More »Journalists explain the big but unsurprising drop in Bhutan’s press freedom ranking
Bhutan dropped its press freedom ranking by 57 places to the 90th place this year from 33rd last year according to the 2023 World Press Freedom Index (WPFI) which is compiled by the France-based Reporters Without Borders (RSF). The rank was an unsurprising drop as reporters have been facing increasing …
Read More »Real estate market changes with more sellers than buyers
Currently, the trend in real estate market has shifted from people buying properties to build assets in the country to selling them to go outside for better opportunities. The Australia Rush and the downturn of the economy has had a ripple effect where the real estate market is also affected. …
Read More »Site engineer of Katsho Gewog goes viral for demanding better work
A video of an engineer on a site visit where she points out the poor quality of road maintenance progress work to the contractor went viral on Facebook. The site location was at Dranadingkha in Katsho Gewog, Haa. The video which was meant to be for evidence purposes but was …
Read More »More listed companies declare dividends
Aside from BFAL, PCAL, STCL, BCCL, BNB, T Bank, and BIL, other listed companies listed with the Royal Securities Exchange of Bhutan Limited (RSEBL) have declared dividends and bonuses for the shareholders. Druk PNB Bank declared 15 percent dividend, which is Nu 1.50 per share to its shareholders during its …
Read More »Major changes coming to the SDF soon
The Prime Minister (PM) held a discussion with the members of the Bhutan Chamber for Commerce and Industry (BCCI) to find ways to address the problems of the private sector. During the meeting, the PM shared that the Sustainable Development Fund (SDF) will no longer be applicable for non-tourists and …
Read More »Tshering Wangchen of Mongar says he will meet local people to address their issues
With 7 candidates for the National Council Election, which included an incumbent, Sonam Pelzom, it was Tshering Wangchen from Na-Rang who won the election with 6,066 votes. Incumbent Sonam Pelzom got 4,349 votes, followed by Tashi Penjor at 3,591 votes, Dorji Wangmo at 3,305 votes, Chimmi Dorji at 1,993 votes, …
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