The popular assumption about the Australia rush is that it is a one-way remittance ticket with large amounts of remittance coming into Bhutan and while that may be true to a certain extent, what is not take into account is also the money sent the other way for fees and …

Earlier the Prime Minister Dasho Dr Lotay Tshering said that the main strategy to protect Bhutan’s convertible currency reserves is to take loans from international financial institutions and bilateral partners. He said that the loans taken will have to be against projects that can generate returns and the best ones …

There has been a lot of anxiety after the Tashi Bank followed by Druk PNB bank stopped their special education loan products for students wanting to study in Australia. There are many students who have either got offer letters from Australian Universities, have done IELTS or have plans to go …

Lyonpo Dr Tandi Dorji, Minister for Foreign Affairs, graced the Opening Ceremony of the Japan Week 2022 at the Clock Tower Square on 15 October. Mr Kawazu Kunihiko, Chargé d’affaires  Embassy of Japan, and officials from the Embassy of Japan and the Japan Foundation in New Delhi attended the event. …

Starting November 12, 2022, the Royal Civil Service Commission (RCSC) will be conducting leadership assessment exercises for Officers in P1 Management (P1 M) position level as part of the process to identify potential candidates for Executive-level positions, according to a release, P1M forms the critical talent pool for leadership positions …

The 8th Session of the Third Parliament of Bhutan is scheduled to commence on 4 November 2022. The National Assembly (NA) conducted a preliminary meeting to set the agenda yesterday. NA is set to deliberate on the Civil Service Reform Bill of Bhutan 2022, a Government Bill submitted for deliberation, …

Main strategy to build reserves is through external borrowing The Prime Minister Dasho (Dr) Lotay Tshering said that as per the government’s calculation a Convertible Currency reserve of USD 668 mn is enough for 12 months of essential imports and currently the reserves are at USD 850 mn plus. “We …

After the Opposition Party called on the government to lift the moratorium on the Bhutan Development Bank Limited (BDBL) loans, the Prime Minister Dasho (Dr) Lotay Tshering responded saying the government tried twice, but the Royal Monetary Authority (RMA) did not agree. In accordance with the directives from the Royal …

Her Majesty The Gyaltsuen graced the commemoration of World Mental Health Day at the PEMA Centre Secretariat on 10 October 2022, World Mental Health Day is observed every year on 10th October. This year’s global theme is “Making Mental Health & Well-Being for All a Global Priority.”  The event included …

The Prime Minister Dasho Dr Lotay Tshering announced that as part of the reforms the proposal is to have 9 ministries instead of 10 with various other structural changes and so there are proposals to reshuffle individuals based on individual’s capabilities after assessment or it will be on one’s academic …