Internet disruption has a massive impact of Bhutan’s IT sector, govt services, private sector, communication, education and more Three elected governments have repeatedly followed up for a third gateway with India from Bangladesh but with no luck so far Bhutan Telecom is the largest internet service provider in Bhutan with …
Read More »How the PM and the Cabinet are dealing with the COVID-19 stress
These are stressful times with COVID-19 and the stress is at its highest among the top decision making levels of the government, apart from the frontline workers. The Bhutanese asked the Prime Minister Dr Lotay Tshering how he and his cabinet colleagues are grappling with all the stress and psychological …
Read More »STCBL CEO compulsorily retired for sexual harassment complaints
The first such case in Bhutan of action being taken against a senior figure for such complaints In what is the first case of its type in Bhutan of a major management or senior figure losing a job over sexual harassment complaints, the State Trading Corporation of Bhutan Limited (STCBL) …
Read More »Govt ready to inject liquidity into banks if they need any protection: PM
NPL interest waiver will benefit the banks too says PM With the economy coming to an effective halt due to COVID-19 and the hurt spreading to many sectors, one concern is many companies and individuals being unable to pay back their loans with no business or revenue. His Majesty’s interest …
Read More »COVID-19 Impact: Domestic Revenue to drop by Nu 10 bn in 2020-21 budget
Govt to slash recurrent expenditure by Nu 5 bn in 2020-21 budget except for pay and essential activities With COVID-19 impacting all sectors of the economy the forecasted domestic revenue for the 2020-21 budget has dropped from an initial one of Nu 43 bn in the pre-COVID-19 time to now …
Read More »Bhutan short of 20,000 construction labourers and half of remaining 28,000 set to go back: COVID-19 Impact
Government coming up with Build Bhutan to get Bhutanese to become professionalized construction workers Lyonchhen Dr Lotay Tshering said that due to the COVID-19 crisis Bhutan currently has a construction labour shortage of nearly 20,000 labourers, but this shortage is only set to get even worse. “There is around 28,000 …
Read More »BCCI finds that all sectors are hit in its consultations
It is well known that the tourism sector has taken a major hit from the COVID-19 pandemic but what is not as well known that now virtually every sector of the Bhutanese economy has been impacted due to the pandemic. The Private Sector COVID-19 task force organized by the BCCI …
Read More »Druk Gyalpo’s Relief Kidu may be extended beyond three months
More than half the applicants are from tourism sectors but rest are from other impacted sectors Most applicants have their census in Trashigang, Samtse, Sarpang and Mongar The Druk Gyalpo Relief Kidu which saw its first disbursement of Nu 150 mn to 13,006 people on Thursday could well be extended …
Read More »Bhutanese stuck in Kolkata due to lack of airfare money
25-year-old Sonia Tamang, who is a resident of Motithang in Thimphu and currently working in a call center in Kolkata does not have enough funds for her airfare back to Bhutan as her company has not paid her salary for around a month and a half and it is currently …
Read More »Almost 5 bn in market cap wiped off Bhutan’s stock markets since 5th March 2020
One fall-out of the COVID-19 has been on Bhutan’s stock market which has seen a record market capitalization or cap of Nu 4.8 bn in value being wiped out since March 5 to April 30, 2020. The market cap or the total value of all the stocks on the stock …
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The Bhutanese Leading the way.