staff

Govt aims at 8% growth rate

In response to a question on how Bhutan would become a developed country by 2034 with a projected growth rate of 3.9% this fiscal year, 6.5% in 2025 and 2026 and 4% in 2027 and 2028 when the required rate is 10% the Finance Minister Lekey Dorji said the aim …

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Details on the MoUs signed between Bhutan and India

The MoU on general supply of Petroleum, Oil, Lubricants (POL) and related products from India to Bhutan provides for a list of Petroleum, Oil, Lubricants related items. GoI would facilitate its supply to Bhutan through agreed entry/exit points. The second Agreement is for recognition of official control exercised by Bhutan …

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BNB observes Global Money Week with Talakha Monastery

In commemoration of Global Money Week (GMW) from 18- 23 March, Bhutan National Bank (BNB) embarked on an educational journey to Talakha Monastery, aiming to instill financial literacy and stress the importance of saving money. This year’s GMW theme, “Protect your Money, Secure your Future,” guided the initiative. As part …

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More details on Phajo Nidup case and a Nu 818 mn NPL

The last issue of The Bhutanese ran a story about Phajo Nidup’s conviction by the special bench including all others involved. It also talked about how collusion and illegalities took place in Phuentsholing Thromde, National Land Commission, Phuentsholing Dungkhag, RBP, RSTA, BDBL, BNB and the BoB Gedu branch. This week …

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Phajo Nidup sentenced to 21 years for 17 cases 

Several Bank, Thromde, RSTA, NLC and RBP officials also sentenced The Special Bench set up on 5 September 2022 by the Supreme Court to hear an array of criminal and civil cases against Phajo Nidup delivered its verdict on 17 criminal cases involving Phajo on 14th and 15th March 2024.  Of this 14 were investigated by ACC …

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ADB masterplan model selected for Gelephu Airport

A few months ago, officials were looking at three models to build the Gelephu Airport and they have finally selected the Asian Development Bank masterplan by doing some additional studies on it. This envisages building a new 3,000 meters runway around 50 to 60 meters above the current runway with …

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HM Confers Red Scarf to Yab Dhondup Gyaltshen

His Majesty The King conferred Red Scarf to Yab Dhondup Gyaltshen, Her Majesty The Gyaltsuen’s father on 5th March 2024. Now the Chief Pilot at Drukair, Yab Dasho Dhondup Gyaltshen has served in the national airline for 35 years, and spearheaded a multitude of timely initiatives to further Bhutan’s aviation …

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SDF not to be touched under tourism reforms

The committee tasked to look at tourism reforms has submitted its report to the government and it has proposed a host of measures to boost tourism but the Sustainable Development Fund (SDF) is not being touched either as a whole or for border towns which had been asking for waivers …

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