The Office of the Consumer Protection (now Competition and Consumer Affairs Authority) declared the QNet scheme to be a pyramid scheme and banned it in 26 August 2022 asking everyone to stop promoting the scheme or recruiting downline members. QNet essentially marketed itself as an online business where fantastic returns …
Read More »Should Bhutanese worry after Astra Zeneca withdraws its COVID-19 vaccine
The announcement by drug company Astra Zeneca that it is withdrawing its COVID-19 vaccine internationally has caused some flutter in Bhutan given that this was the same vaccine that was given as the first dose in Bhutan. The particular reason for worry is after the company admitted in 100-million-pound lawsuit …
Read More »Puth Group suckers in members using ‘E-commerce’ and ‘Crypto’
In the recent past whenever questions arose about the Puth Group, some people online put up a 26 January 2024 e-commerce license of a man named Phuntsho Wangdi to give the scheme an air of legitimacy. The Bhutanese tracked down Phuntsho Wangdi who is based in Thimphu and asked him …
Read More »Payment controversy for 6 Chinese tourists
Around a week ago a 6-member group of Chinese tourists spent around 6 nights in Bhutan staying in the top end luxury hotels in Amman Paro and Sixth Sense in Thimphu with room rates of around USD 2,000 per night. The total tour package for Bhutan including air tickets was …
Read More »Nu 469 mn collected in Property Taxes so far
As of 3rd May afternoon the Department of Revenue and Customs (DRC) has collected a total of Nu 469 million (mn) in property taxes. Of the 199,800 people who are eligible to pay property taxes a total of 161,275 have paid which leaves 38,525 who are yet to pay. The …
Read More »DHI to enter the MICE tourism space
The Druk Holdings and Investment (DHI) is entering the Meetings, Incentives, Conferences and Exhibition (MICE) tourism space in collaboration with an international company called G 9 Investments. The company formed is the Bhutan Global Mindfulness & MICE Holdings and Pvt Limited (BGMMH). This company is registered in Singapore through the …
Read More »Druk Air’s domestic flights active but running at a loss
These days Druk Air is flying regular flights to the domestic airports in Bumthang, Gelephu and Yonphula but it is doing so for a loss. It is not like the flights are empty as people are flying, especially to Yonphula, but the economics is not making sense. The Druk Air …
Read More »Major financing headache ahead for some of PDP’s freebie pledges
At 138 pages the People’s Democratic Party (PDP) Manifesto was by far the longest and most detailed of the five competing political parties. By comparison the Opposition Bhutan Tendrel Party (BTP) which had the shortest manifesto, had only 63 pages. At one level the PDP manifesto arose from experience in …
Read More »Nu 10,000 for third child to cost Govt Nu 6 bn in 5 years
One of the current government’s most popular and discussed pledges is the offer to give Nu 10,000 per month for the birth of a third child till the age of three. A study done on the matter based its projection on the number of third child born in the last …
Read More »Nu 150,000 life insurance to cost Nu 3.261 billion in 5 years in premium costs
The current government had made a pledge to increase the Rural Life Insurance (RLI) sum from Nu 30,000 to Nu 150,000. However, this means that the insurance premium to be paid will increase from the current Nu 121.15 million (mn) a year to Nu 652.36 mn a year, which is …
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The Bhutanese Leading the way.