Out of the 19 listed companies with Royal Securities Exchange of Bhutan Limited (RSEBL), 7 of them have declared dividends and issued bonus. Dividend is a distribution of profits by a corporation to its shareholders which can be issued in terms of cash payments or stocks. Despite financial institutions making …
Read More »7 aspiring NC candidates want to do more for Mongar
There are 7 National Council (NC) aspirants in Mongar with Sonam Pelzom, 36, re-contesting with the pledge to safeguard the sanctity of the Constitution and uphold the Royal Vision. She pledges to harmonize the implementation of laws, continue to improve rule-making procedures, promote good law initiative, promote and protect women …
Read More »PM agrees to look into doing away with requirement for tourists to stay in 3 star plus hotels provided standards are improved
Members of Bhutan Chamber for Commerce and Industry (BCCI) met the Prime Minister Dasho Dr Lotay Tshering to discuss the way forward and problems and troubles currently faced by the private sector as the economy is not doing well after the pandemic. The biggest agenda for discussion was on the …
Read More »Trongsa NC candidates has educators as aspirants
As the National Council Election campaign has commenced, Trongsa has two aspirants who have been educators. Sonam Penjor, 39, is contesting for a seat in the Upper House for the first time. With a Masters in Mathematics from Berhampur University, India and served as a teacher for 13 years. He …
Read More »Are we in an undeclared recession?
Currently, the country’s economy is not doing well, as we are saddled by high inflation, high cost of living, decrease in the purchasing power, attrition, businesses drying up, and less consumer spending. This leads to the question, are we going through an undeclared recession? A recession, in simpler terms, is …
Read More »2 Aspiring NC candidates from Gasa
The National Council election campaign period began on 14 March and ends on 18 April 2023. There are 2 candidates for Gasa. Dorji Khandu, 37, is the incumbent NC member from Gasa, and he is re-contesting. “For the past decade, Gasa has been represented by the most seasoned and high-caliber …
Read More »Punakha has five aspiring candidates
Punakha currently has 5 candidates. Lhaki Dolma (44) will be re-contesting this election. She holds a Bachelor’s Degree in Language and Cultural Studies, and a Post Graduate Degree from Royal Institute of Management (RIM) in Development Management. One of the few female politicians, Lhaki, with her experience of having served …
Read More »FIs at risk if hotel sector is unable to pay back loans
Under the Royal Monetary Authority’s (RMA) monetary measures IV, hotels and restaurants (tourist standard/budget) got deferment of loan repayment for up to 2 years in June 2022 till June 2024 as they were identified as high risk being severely affected by the pandemic. There is just another year of deferment …
Read More »RMA lifts the cooling period for NPL but with conditions
Royal Monetary Authority (RMA) has lifted the cooling or observation period and made some changes to the directives on treatment of non-performing loans (NPL). NPL is a loan which has not been paid for 90 days or more. RMA in the month of September and October laid strict guidelines for …
Read More »T-Bank resumes Education loan
T-bank has resumed its education loan for students who are opting to study outside from 4th March. Under Royal Monetary Authority’s new education loan scheme, T-Bank will be once again sanctioning special education loans similar to that of other banks. T-bank had to suspend its education loan as it had …
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