The Finance Minister Namgay Tshering has been charged in the National Cottage and Small Industries Bank Ltd (NCSIBL) investigation of the Anti-Corruption Commission (ACC). Lyonpo is charged with the illegal appointment of his former brother-in-law Tshewang Tashi as a Board Director in the CSI Bank. The ACC investigation revealed that …

Map of Strategic Sites in Paro and Thimphu showing their land use mix and neighbourhood groupings Thimphu and Paro maybe located into two different valleys but the two places have become synonymous with each other over time as both places boomed and the transport infrastructure improved between them. The Prime …

Sri Lanka was hit by a major economic crisis when it failed to meet its debt obligations and saw shortages of fuel and essentials, massive inflation, drop in reserves and a steep drop in its currency value in 2022. Its GDP shrank by 8% and poverty almost doubled from 13% …

There are growing reports and increasing concerns of tax evasion in the tourism industry as tourists now only have to pay the USD 100 per day SDF and what they do and how much money they spend after this is up to them, which makes it difficult to track their …

The Dagachu Hydro Power Corporation Ltd (DHPC) in its 8 years of operations has made a total profit of Nu 673.675 million (mn). The profit margins were affected by the forex losses aggregating to Nu. 1,068.923 mn or Nu 1 billion (bn) over the same period. Without the forex losses …

In the last Parliament session both the National Council and the National Assembly passed a resolution to direct the the National Statistical Bureau (NSB) to reexamine the method of calculating inflation to correct any anomalies and ensure that the calculation reflects the economic reality in Bhutan rather than just following …

On 13 July 2022 the Supreme Court upheld a High Court judgment on the RICBL Vs Ugyen Wangchuk Non Performing Loan (NPL) recovery case which said that a Nu 102.39 mn loan owed by contractor Ugyen Wangchuk is to be divided equally between Ugyen Wangchuk, RICBL and the relevant RICBL …

The Director General of the Department of Tourism Dorji Dhradhul recently submitted his resignation to the Ministry of Industry, Commerce and Employment (MoICE) as he not satisfied with the RCSC MaX Annual Performance Assessment where he was placed under Partially Meets Expectation (PME). The DG was later convinced by higher …

The Royal Bhutan Police (RBP) has charged a senior school teacher in Lhamoizingkha with molesting a total of seven school children mainly in classes five and six in a boarding school there. The case first came to light on 21st August 2023 when a young school student of the school …

The Supreme Court upheld the judgment of the High Court In a landmark judgment the Supreme Court on 15 September 2023 upheld the 9-year prison sentence given by the High Court in the Punakha rape case where a school girl was raped by her step father after the death of …