MoEA also recommends developing an offshore financial center in Bhutan Desperate times call for desperate measures and the two main economic and financial wings of the government in the form of the Ministry of Economic Affairs (MoEA) and Ministry of Finance (MoF) are recommending bold economic reforms to stimulate the …
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For those parents who buy baby diapers, the Mamy Poko is a popular brand. However, if you buy Mamy Poko imported from India you pay far less and for the same diaper of a better quality imported from Bangkok you pay far more due to the additional customs duty. Similarly, …
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At stake is hundreds of millions in new loan money to a project already making losses Thimphu Thromde willing to handover MLCPs for 22 years to banks if loan is not paid Questions over actual cost escalation of project and due diligence over loans KCR Pvt Limited, the private company …
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The Ministry of Economic Affairs (MoEA) and the Ministry of Finance (MoF) as part of their reports to help the economy revive from the COVID-19 impact has suggested cutting red tape for businesses as one of the key recommendations. According to a reliable source the government is taken up by …
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The Health Minister Lyonpo Dechen Wangmo said the Ministry of Health is in the process of reviewing its Health Policy which will be presented to the cabinet. The current policy was put out in 2011. She said that the policy among other things will allow for private investment in health …
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MoIC Minister declared his conflict of interest and did not participate in cabinet meet on MLCP says MoF Minister The Finance Minister Lyonpo Namgay Tshering said that while it is too early to say whether the Multi Level Car Park project (MLCP) project will fail or do well he said …
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A Ministry of Finance report outlining a short to medium term recovery plan for the economy lists various measures being taken by the Royal Monetary Authority (RMA) to pump in billions in liquidity into Financial Institutions. The end result for this means that there should be more money for banks …
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Both ministries support re-opening tourism in a safe and select way The Ministry of Economic Affairs as part its economic revival strategies and interventions after COVID-19 has recommended some reforms in the tourism sector of which the main one is liberalization of the USD 250 tariff system. It recommends that …
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The question now is if the government should foot a private company’s bill indirectly by giving more concessions The International Finance Corporation (IFC) as the main advisor and facilitator of the Multi Level Car Parks (MLCPs), among its many functions, did two important things. The first is that it researched …
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Will facilitate boulder exports by linking up to Bangladesh The Indian Railways have completed a field survey of the first ever railway line between Bhutan and India which will be a 37.5 km stretch between Mujnai in West Bengal and Neyopaling village under Phuentshopelri Gewog in Samtse. The location is …
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The Bhutanese Leading the way.
