At 3 pm on Thursday 64 year old Tshering Wangmo went to the kitchen and turned on her tap, but to her shock instead of water she got ‘diesel water’ and frothy bubble coming through the pipe. Soon her kitchen was covered in the fumes from the fuel. Still not …
Read More »Increasing deposit rates and making Fixed Deposits tax free
After getting the banks to reduce loan interest rates the Royal Monetary Authority (RMA) and the government now want to encourage people to save through more attractive deposit rates and also tax free fixed deposits. While the RMA is already working towards a monetary policy of encouraging banks to come …
Read More »All Banks slash loan interest rates
Private sector welcomes the cuts Following the Bank of Bhutan’s (BoB) move to slash its loan interest rates earlier this month, all other banks like Bhutan National Bank (BNB), Tashi Bank (T-Bank), Bhutan Development Bank (BDB) including the National Pension and Provident Fund (NPPF) have also cut interest rates …
Read More »DPT alleges and North Thimphu candidate clarifies
On 9th September, when DPT introduced Chencho Nidup as its new North Thimphu candidate to its party members and the media, requests for interviews or questions from the press were strangely declined. This was because behind the scenes Chencho Nidup’s appearance at the event almost did not happen as the …
Read More »Exclusive: Bangladesh, Bhutan and India agree to 1125 MW Dorjilung project
In a first, Bangladesh will be the first country apart from India to invest in a major hydropower mega project in Bhutan, in the form of the 1125 MW Dorjilung project. This comes after India recently and informally agreed to the investment from Bangladesh in Bhutan. India’s assent is important …
Read More »180 MW Bunakha reservoir project stuck due to SJVN not playing ball
The upstream JV reservoir project would benefit Chukha, Tala and the Wangchu projects which are downstream The only reservoir Joint Venture (JV) project which is the 180 MW Bunakha project has been stuck for more than two years now since its DPR received approval from the Bhutan government in …
Read More »PHPA to get a new JMD
The Punatsangchu Hydroelectric Project Authority (PHPA) that looks after the 1,200 MW Punatsangchu I and 1,020 MW Punatsangchu II will get a new Joint Managing Director (JMD). The term of the current JMD Dasho Phuntsho Norbu came to an end in April 2016 according to the cabinet. The JMD had …
Read More »MoIC says 3rd operator option still on table but…
In response to a question from The Bhutanese on poor mobile and internet connectivity the Prime Minister on 3rd June 2016 had said that if services don’t improve by September, the government may be compelled to consider opening the market to a third operator. The PM had said that the …
Read More »Druk Air plane does emergency landing after Hydraulic issue
Around 10 days ago a Druk Air flight to Bangkok had to do an emergency landing back in Paro airport after take-off as its sensors showed there was a problem in the plane’s hydraulic system. The Hydraulic system of the plane is important to control the plane’s landing gear, wing …
Read More »Political quake as DPT’s star MP puts up resignation
One of DPT’s brightest political stars, MP Kinga Tshering of the North-Thimphu constituency has stated his intent to resign from his post as a sitting DPT MP in the Parliament. Though both the Speaker and Opposition Leader declined to comment on the issue, political circles in Thimphu including some social …
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The Bhutanese Leading the way.