In a sign of the importance of the North Thimphu contest, both the Prime Minister and the Opposition Leader criticized each other’s party candidate’s statements and both also said that they are confident of a win. The Prime Minister focused on the statement made by the DPT candidate Kezang Wangmo …

The Ministry of Finance and the Royal Monetary Authority have started working on setting up a Stabilization Fund where a percentage of hydropower revenue and free royalty energy will be saved. The aim is to have the fund in place before the end of the current government’s term. The fund …

The residents of five upper Mothithang buildings comprising under a 100 residents thought that the worst of their water problems was a saboteur repeatedly pumping kerosene and chilli into their drinking water supply. However, when the Royal Bhutan Police (RBP) recently nabbed the culprit, Sangay Dorji, he not only confessed …

A saboteur, on 29th September had pumped diesel into the Thromde drinking water supply of a Mothithang building above the minister’s enclave. A baby residing in the building even had to be rushed to the hospital for checks after the parents, without realising, fed the baby with food made from …

Most FI’s though will not apply lowered rates on defaulters    With all banks slashing loan interest rates on a variety of products like housing, transport, personal, service, education, manufacturing, agriculture etc, the main question that has emerged is on what will happen to the existing clients and existing loans. …

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 …

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 …

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 …

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 …

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 …