Most Druk Holding Investment (DHI) Companies will take a revenue and profitability hit for 2020 due to COVID-19 which will affect the government coffers in the form of dividends and Corporate Income Tax. The only exceptions will be Druk Green Power Corporation (DGPC) where hydrology will play a role and …

Both sides aim to sign the Concessional Agreement soon after which major works can happen A senior Bhutanese official said that a breakthrough in the 600 MW Kholongchu project has happened and the Concessional Agreement may be signed as early as this month so that the major works on the …

P-1 Civil Works Consultant CWC does not agree and feels right bank can be strengthened The 1,200 MW Punatsangchu I project is not just faced with a geological challenge on its right bank, but now two expert Indian agencies, the Central Water Commission (CWC), which is the project’s civil engineering …

A reliable source says pressure was put to ‘go easy’ on these claims. The P-1 MD refuted such pressures were put Nu 3.9 bn claim by L&T is again being ‘reviewed’ by PHPA despite the senior PHPA dispute committee headed by Director Finance ruling against it in a report Nu …

On 8th May the Health Minister Dechen Wangmo in a press conference said that the Jomotsangkha case had tested positive six times for Immunoglobulin M (IgM) antibodies on the Rapid Test Kit (RDT) which either means an early infection or an early path to recovery. She at the time explained …

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 …

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 …

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) …

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 …

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 …