Despite all the talk of ‘Access to Finance,’ the reality of the banking system in Bhutan is that you have no chance of getting a loan unless you already have land assets in prime Thromde areas or lands next to it. Banks not for rural land collateral In the past, …

The Drujeygang-Tseza Member of Parliament Jurmi Wangchuk famous for his ‘Trans National Sexy’ and ‘DHI and FDI’ bloopers, is also known as a straight talking MP who openly speaks his mind in Parliament, without filter even. This unique combination has built the MP a popular following on social media and …

It has been learnt that more than 15 bank officials cutting across the Bank of Bhutan, DrukPNB and Bhutan National Bank are involved in the Phajo Nidup case with some already being chargesheeted and others in the process of being chargesheeted by the Office of the Attorney General. Some of …

Number set to cross well over 15,000 once 12-month figure for 2022-23 FY is released This paper in April 2023 had reported 10,755 Bhutanese got visas to Australia in the last nine months from 1 July 2022 to 31st March 2023. However, that number has now jumped to 13,683 in …

Bitdeer has announced that a 100 MW mining datacenter located at Gedu, of which DHI is a strategic partner, will start mining operations by this month. Linghui Kong, Chief Executive Officer of Bitdeer made the announcement on Yahoo Finance News. Around 10,000 mining machines arrived at the Gedu datacenter by …

On the 14th of June 2023 a Druk Air flight to Delhi via Kathmandu encountered a bird hit while in Paro Airport. However, the flight carried on as the system did not show any problems with the plane and so a review was done and they carried on. However, after …

Earlier Acting Finance Secretary said no money in the budget for SOEs hike Two weeks ago this paper carried a story quoting the Acting Finance Secretary Leki Wangmo saying there are no resources within the government’s finance to accommodate a 50 percent (pay hike) subsidy to any Ministry of Finance …

The Prime Minister Dasho (Dr) Lotay Tshering inaugurated the new extra corporeal shock wave lithotripsy (ESWL) machine service at the JDWNRH this morning. The machine uses high energy waves to break down Kidney Stones of 2.5 cm into dust without any invasive surgery. It can even go up-to 3 cm …

However, Finance Minister still defensive about NSB calculation On 23 June 2023 before the deliberations on the Annual Budget of 2023-24, the Economic Affairs Committee (EAC) of the National Council pointed to a story done by The Bhutanese Newspaper on 10 June 2023 titled ‘How we could be underestimating real …

It is well known that Bhutan has been contributing soldiers and police personnel to the United Nations Peace Keeping (UNPK) missions since September 2014. Other developing countries who contribute troops for such missions deduct 5 to 10 percent of the Mission Subsistence Allowance or Individual Reimbursement of their soldiers. Some …