The tenure of the current third National Assembly and government will come to an end on 31st October 2023 after which the race of the Primary and General elections will start. In the lead up to the big race, The Bhutanese asked all five party Presidents on what they see …
Read More »5 Party Presidents feel 2023 race will be more mature and less polarized
In the 2008 general elections an unfortunate impact of the electoral process was that the nation, communities and even families got divided along party lines. However, it has been observed that as Bhutanese democracy matures over time, its elections have also become more matured with each election being less venomous …
Read More »Finance Minister says CSI will continue to give collateral free loans even after merger
The Finance Minister Namgay Tshering confirmed that the National Cottage and Small Industry Development Bank Limited (CSI) will be merging with the Bhutan Development Bank Limited (BDBL). One of the biggest concerns of the merger is that the collateral free loans given by CSI to rural farmers and cottage and …
Read More »Taj and Tashi part their ways
The 66-room Taj Tashi hotel was launched as the first five-star hotel in Bhutan in 2008 as a joint venture between the Tashi Group of Companies and the Taj Leisure Hotels under the wider Tata Group. The Taj Hotels were given a management contract under which it sent senior staff …
Read More »FCBL turns profitable after 7 years of losses
After losses for seven straight years the Food Corporation of Bhutan Limited (FCBL) has managed to make some profit in its first two quarters or six months. In the last seven years from 2016 to 2022 FCB made a total loss of Nu 153 million. From January to June 2023 …
Read More »MoF’s letter to SOEs to submit pay hike proposals comes with conditions
Recently, the Department of Macro-Fiscal and Development Finance under the Ministry of Finance (MoF) sent out an email to the various State Owned Enterprises (SOEs) under the MoF to find out what are the expectations and plans of the SOEs over the pay hike and whether SOEs can adjust the …
Read More »PM lays out the tourism roadmap
In a recent interaction between the Prime Minister Dasho Dr Lotay Tshering and the media in the Thimphu Press Club he said while some places and cities are back to the pre–pandemic stage of tourism globally it has picked up 50 to 40 percent and Bhutan is 20 to 25 …
Read More »Small borrowers without collateral to lose out with the closing or merger of CSI Bank
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, …
Read More »Drujeygang-Tseza MP says DNT played ‘dirty politics’ in replacing him
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 …
Read More »Multiple bank officials being charged in Phajo case
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 …
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