Tenzing Lamsang

A 100% Rent increase and its aftermath

The four-storied Wangdi Plaza sitting opposite the Post Office on the Chang Lam road is one of the landmark buildings in the core Thimphu area. This building has now achieved a different kind of fame among the mainly tenant business community in town as its landlord increased his rent by …

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Diesel vehicles of Tata, Toyota, Hyundai, Mahindra, Eicher, Kia and Ashok Leyland face breakdown problems after bringing in Euro 6 standard engines

The Head of Bhutan Cancer Society, Karma Tobgay, was delighted to receive a brand-new Toyota Hilux as a grant from Japan. He planned to use the vehicle for official work, including extensively travelling around the country for advocacy and awareness work on cancer. However, barely a year after using the …

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Banks unable to auction properties

In yet another sign of the state of the economy, Financial Institutions are unable to auction properties and even vehicles with most going unsold. This is a problem affecting all FIs who have tried auctions in the past few months like T-Bank, NPPF, BoB, BNB, RICBL and BDBL. Druk-PNB and …

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