The Royal Insurance Corporation of Bhutan (RICBL) is offering additional designed products with complete coverage terms and conditions, including benefits designed to insure its customers. RICBL currently has about 30 schemes and services. With an array of attractive products in its kitty, the RICBL believes their new products will cover …
Read More »Improving the domestic payment system
The Royal Monetary Authority (RMA) will tie-up with the Reserve Bank of India sometime between the third or fourth quarter of this year, on the cross border connectivity to enable the shared payment network. This plan falls under the Bhutan Financial Switch (BFS) project, which is being done in collaboration …
Read More »Foreign currency worth Nu 4mn seized
A woman was detained at the Paro Airport carrying foreign currencies worth about Nu 4mn. The currencies were in USD and Chinese Yuan. The custom officials seized about USD 16,000 (one USD equals to Nu 55) and about 0.4mn Yuan (1 Yuan equals to Nu 5). The woman, a wife …
Read More »Wangdue Dzong reconstruction may cost up to Nu 1bn and take till 2016
This is according to the initial estimates made by the Department of Culture which is the main government agency on Dzong construction and renovation Even before the smoke of Wangdue Phodrang Dzong fire was subdued there were calls for rebuilding from the citizenry and leadership alike. The reconstruction of the …
Read More »The biggest housing complex in Thimphu
Thimphu’s biggest housing complex will be constructed at Gangchay, a forestry land, little away from the Thimphu Gate. This 30 acre land which falls at the periphery of the municipality boundary is a National Housing and Development Corporation’s (NHDC) project; this complex will be larger than the current Changjiji housing …
Read More »MPs talk misuse of power by RBP officials
The misuse of power by the Royal Bhutan Police (RBP) was a topical discussion, deliberated at length in the National Assembly (NA) last week. The issue was raised by the Kabji-Talo MP, Tshering Penjor. The house deliberated on two cases. One pertained to the Drukair pilot, Sonam Tobgay and the …
Read More »New parties postpone registration on account of inauspicious month
None of the new political parties have formally registered with the Election Commission of Bhutan (ECB) as of yet. This means that the ruling party and the opposition are the only bonafide political parties. However, the commission hopes that by July interested members will come forward to register as political …
Read More »Child labor finds its way into Bhutan
Child labor is a regrettable-truth worldwide, and Bhutan is party to the social malaise with vey live statistics. A joint news release from the labor ministry and the UNICEF stated: “There are children in Bhutan, who are deprived of their fundamental rights and this requires attention. Although, the scenario is …
Read More »OL gets the heat
The Opposition Leader (OL) Tshering Tobgay has acknowledged, MPs had made personal attacks on the members of the opposition party during the National Assembly (NA) Q and A session yesterday. “We are however not swayed to respond to personal attacks, instead prefer to stick to the issues at hand,” said …
Read More »The BKP will take it ‘slow and steady’
The Bhutan Kuen-Ngyam Party (BKP) which forayed onto the political bandwagon last week has engaged informal discussions with the Election Commission of Bhutan, to ensure its registration as a legitimate political party. Although, the party claims to a have a sizeable number of candidates, registration will only come at an …
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