Pema (name changed), a working professional in her early thirties was very sure she would get her visa to Australia given her educational qualifications, work experience, IELTs score, acceptance letter from her college and her own sister located in Perth, who was willing to host her. Pema was so sure …
Read More »Bhutan to save Nu 2 to 3 bn a year as Indian Oil Companies finally sell fuel to Bhutan at same price as Nepal and remove other charges
There has been a major fuel price drop due to the move Slash in Kerosene prices too You may have noticed these days that when you go to fuel up your car, you are getting a lot more fuel for the same amount of money. This is mainly because Indian …
Read More »Inter-Governmental Committee on P-I unable to agreeso far
An eight-member expert committee had been set up by Bhutan and the Government of India (GoI) as a final attempt to reach a solution on the 1,200 MW Punatsangchu-I project. After delays, the committee had got an extension until June 2023 and they are supposed to submit a report soon. …
Read More »Bitcoin powers a 50% hike for Public Servants
Note: The above does not include teaching allowance and professional allowance for medical staff and others The total bill for the Pay Revision Bill 2023 is Nu 6 billion (bn) which is money that the government largely does not have. However, the pay revision is being made possible by Nu …
Read More »How we could be underestimating real inflation
The National Statistical Bureau (NSB) has announced that the monthly inflation rate for April 2023 is 3.29%, but your uneasy gut feeling and that emptying feeling in your purse may tell you that the real inflation must be higher and your gut and purse may just be right. The Bhutanese …
Read More »DHI says limited risk in USD 500 mn mining deal and will use surplus power during summer
Four weeks ago the Druk Holding & Investments (DHI) had announced a strategic partnership with Bitdeer Technologies Group to develop environmentally sustainable, carbon- free digital asset mining operations in Bhutan. The Fundraising was to start at the end of May. However, there is still some confusion among the public on …
Read More »Govt writes to World Bank to source funding for 1,125 MW Dorjilung project
600 MW Kholongchu potential funders finish project visit and will give answer soon The much talked about 1,125 MW Dorjilung project has finally gotten a lease of life as the government has written a formal letter to the World Bank asking them to look for the funding of Dorjilung project …
Read More »A survey reveals reasons why Bhutanese are leaving in large numbers
The Center for Bhutan and GNH Studies (CBS) surveyed 181 Bhutanese to find out why Bhutanese are leaving for abroad or plan to do so in the future. This is the largest survey till date. The Bhutanese accessed the findings and raw data of the survey and analyzed them. The …
Read More »1,722 civil servants resign in first five months of 2023 compared to 1,538 in whole of 2022
According to data from the Royal Civil Service Commission a total of 1,722 civil servants have resigned from January to 25th May 2023. This comprises of 1,333 regular civil servants and 389 contract civil servants. In the whole of 2022 a total of 1,538 civil servants voluntarily resigned made up …
Read More »RMA extends loan deferral for moderate and low risk sectors till June 2024
Under the Monetary Measures Phase IV announced in June 2022 it was decided that while high risk sectors like tourism hotels and restaurants, airlines, tour operators, ticketing agents and travel agents will get a two-year loan deferral till June 2024 the other moderate and low risk sectors will get a …
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The Bhutanese Leading the way.