The use of digital payment systems has increased along with the acceptance of the QR code payment system. Retailers and restaurant owners have fallen prey to fraudulent acts as a result of such digitized payment systems. The Royal Monetary Authority’s Annual Report 2021 claimed that Internet banking and mobile banking …

Three commercial banks, Druk PNB, Bhutan National Bank (BNB), and Bank of Bhutan (BoB) has so far released education loan worth Nu. 8.969 billion as of early February 2023. The education loan, reopened under the new loan scheme by Royal Monetary Authority (RMA), Special Education loan is offered in two …

Labour exploitation is quite rampant in Bhutan and most of it is in terms of unpaid work wages. Most labour exploitation happens in the private sector, with employees not being paid on time or not being paid at all for their services. Sangay, who worked at a private company was …

According to the Finance Minister, Namgay Tshering, the gross domestic product (GDP) for Bhutan is forecast to grow, and for a strong economy, macroeconomic parameters should be fixed. GDP is the standard measure of the value added created through the production of goods and services in a country during a …

Finance Minister, Namgay Tshering, stated that there is enough foreign reserves to last for 14 months for import of essentials, during the first meet-the-press session of the year yesterday. During the winter session of the Parliament, in the State of the Nation (SOTN) Address, Prime Minister Dasho Dr Lotay Tshering …

The recent trend of productive age group people and experienced people leaving Bhutan for countries, like Australia, is a major concern. According to Minister of the erstwhile Ministry of Labour and Human Resources, Karma Dorji, experienced people leaving is a major concern because it takes time to replace the experienced …

His Majesty’s Addresses, over the few years, have recurringly been on technology and innovation, and with the current time being dubbed as the Fourth Industrial Revolution, technology has become very important and urgent, especially in terms of development. Tech industry focuses on innovation, creation and growth, and in Bhutan, the …

The Anti-Corruption Commission’s (ACC) model public service code of conduct launched on 30 December 2022, on disclosure of information, has barred public servants to disclose official information, including even non-confidential ones without authorization from the superiors. As a constitutional office mandated to promote transparency and accountability, it is advocating confidentiality …

The Bhutan Living Standard Survey and the Poverty Analysis Rate 2022 carried out by National Statistics Bureau (NSB) found that the report also finds that a person in the top 20 percent of the country’s population (37.3 percent) consumes four times as much as someone in the poorest 20 percent …

KS Garment, one of the country’s first mass garment production company produces quality casual wares and designer puffer jackets with a blend of the country’s culture and fabric with western fabric with its brand made in Bhutan. Hoping to slowly replace the imported products, KS Garment is popular with niche …