After hitting a low of USD 16,452.20 on 25 November 2022 Bitcoin has seen a continuous mostly upwards rally from January 2023 with an even sharper rally from mid-October 2023 onwards that has only gone up and up reaching its highest ever price of USD 67,558 as of 8 March, …
Read More »Saturday holiday or not decision to come by end of May after an assessment
Last week there was a huge social media storm and outrage after the Education Minister Yeezang D. Thapa and Prime Minister Dasho Tshering Tobgay revealed that a Committee set up to study the Saturday off pledge had recommended not to give Saturday off. The disclosure lead to a strong reaction …
Read More »More than half of Property Tax collection to come from urban areas as tax is expected to cross well over Nu 675 mn forecast
Tax collection could be under Nu 1 bn The initial projection of the Department of Revenue and Customs (DRC) was that the total property tax on land and buildings expected to be collected is Nu 675.59 million (mn), however, the latest estimates show that if everyone pays their share then …
Read More »ORO Bank: Asia’s first Full Reserve Digital Bank launched for the Gelephu Mindfulness City
In a major development for the Gelephu Mindfulness City (GMC) project Asia’s first Full Reserve Digital Bank called ORO Bank has been launched to serve the GMC project. The bank also aims to help global startups and innovative emerging businesses. While the website was launched recently there is not much …
Read More »Australia Rush starts to slow down but huge numbers still going
Bhutanese applicants facing rejection since they would earn more in part time work in Australia The financial year 2022-23 saw the largest ever number of Bhutanese getting Australian visas at 15,552 people. By comparison, the first six months of the 2023-24 from July to December 2023 saw 6,585 Bhutanese getting …
Read More »How the government will raise Nu 512 bn for the 13th plan and the Nu 15 bn ESP
PM to visit India soon at the invitation of the Indian PM PM says in tourism first task is to increase numbers of visitors PM also talks of foreign reserves and what will happen after loan deferral period ends A major task and the biggest challenge for the new government …
Read More »Gyem to file for insurance claim after finally getting insurance policy document
On 6th February 2024, the helicopter crash survivor Gyem Gyeltshen, his relative who is a lawyer, RICBL, the Druk Air and the Bhutanese legal representative of Holman Fenwick Willan (HFW), a legal firm in Singapore hired by the two international reinsurance companies QBE Insurance (Australia) Limited and Best Meridian International …
Read More »Lyonchhen appeals to nurses and medical staff over attrition and takes recommendations to retain staff and improve services
Even before Lyonchhen Dasho Tshering Tobgay received the Dakyen from His Majesty The King the PM visited the Jigme Dorji Wangchuck National Referral Hospital (JDWNRH) to meet the doctors, nurses and medical staff and he also asked them to submit recommendations from their side. Lyonchhen said, “There are many sectors …
Read More »MoIT Secretary says Ministry will take a stand on helicopter insurance case that will not reflect well on Druk Air if it is not resolved
Last week The Bhutanese brought out the story of how 42-year-old farmer Gyem Gyeltshen from Lunana had lost his 38-year-old wife Dresang Dema and 4-year-old daughter Nima Peday in a helicopter crash on 3rd March 2023 and even 11 months later he was still yet to get the insurance amount …
Read More »An old Kasho demanding accountability and a new agreement to escape it
On 3rd, March 2023 a helicopter crashed in Wachey Lunana killing two passengers. The final investigation puts the blame on human error with contributing factors like a senior pilot not adhering to the roster, bad attitude of the senior pilot, working environment, relations between pilots and no supervision by seniors …
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The Bhutanese Leading the way.