The Royal Monetary Authority (RMA) has completed its report on the review of the interest rates and will be presenting it to the RMA board soon. However, according to a senior RMA official the review report is much broader than just focusing on interest rates but also looks at other …

The National Council’s  ‘Foreign Workers and Illegal Immigration in the Country’ report pointed out several issues on illegal immigration, non documentation of certain workers, large numbers of workers and issues faced by the immigration department. The Bhutanese based on the findings of the National Council (NC) report questioned the Home …

Meanwhile RMA is looking at tinkering with base rates and creating a Money Market for more funding options Many, from the ordinary person on the street to the government now feel that Bhutan’s banks pay low rates on deposits and charge too much with much higher loan interest rates. This …

A seventh one will finish his term by next month Government offices in Thimphu and around the country are agog with speculation on who would be the next seven governments secretaries, as five of them will be finishing their Constitutional five year term by end of June 2016, a sixth …

Govt says change is overdue and it can make up for revenue loss  The Finance Minister Lyonpo Namgay Dorji said that that the government’s Personal Income Tax reforms will cost the government Nu 484 mn a year. It will also mean that 31,692 people earning less than Nu 200,000 a …

The Prime Minister Lyonchhen Tshering Tobgay, who is also the People’s Democratic Party President, said that he was not worried with the various political developments as 2018 approaches closer. One political development is in reference to the Druk Nyamrup Tshogpa’s (DNT) open offer to Druk Chirwang Tshogpa (DCT) and Bhutan …

Both DNT and DCT also said that contrary to the BKP President’s denials the idea of three parties uniting was discussed with BKP Brushing aside any controversy and speculation the Druk Nyamrup Tshogpa (DNT) came out once again to say that its offer of uniting the three new parties into …

This is to meet the government’s election manifesto Prepare to have additional savings of up to Nu 10,000 a year as this Parliament session will see the government introducing Personal Income Tax changes that will basically mean that the first Nu 200,000 from your annual income will no longer be …

The Opposition Leader Dr Pema Gyamtsho said that the Opposition party Druk Phuensum Tshogpa (DPT) is the strongest party on the ground for the upcoming 2018 polls. The OL also dismissed rumors that the DPT is dissolving or would not come for the 2018 polls. The Opposition Leader said, “I …

The Cabinet has also asked for a report from BICMA on its new Book rules   The upcoming session of the Parliament will see the government seeking the Parliament’s clearance to completely do away with all taxes on books. This will mean that, once approved, the current 5 percent sales …