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 …
Read More »Lyonchhen says okay for people to keep five to six months of food stocks at home
The advice so far has been to not hoard but that changed during the monthly meet-the-press when Lyonchhen Dr Lotay Tshering said said if every person keeps around five to six months of food stock at home then there should not be a problem even if there is a lockdown …
Read More »Coronavirus impacts all ongoing hydro projects
Two of the biggest economic projects under construction in Bhutan are the 1200 MW Punatsangchu I project at Nu 93.75 bn and the 1020 MW Punatsangchu II project at Nu 72.90 bn and both of them are impacted by both the outbreak of COVID-19 in Bhutan from 6th March and …
Read More »‘I don’t see a national lockdown happening’: PM
One main question and worry at the top of many Bhutanese minds will be on if and when there would be a national lockdown, like neighboring India or other countries across the world. However, Lyonchhen Dr Lotay Tshering said that this scenario is highly unlikely even if there is local …
Read More »Druk Gyalpo’s Relief Kidu gets off to a roaring start
2000 plus applications on day 1 itself Most people calling are from the tourism industry The Druk Gyalpo’s Relief Kidu was launched on 14th April Tuesday morning around 10.30 am by the Prime Minister Dr Lotay Tshering. Immediately after the launch, the RMA Governor Dasho Penjo informed the gathering that …
Read More »Bulk of interest waiver benefit to go to medium and small accounts
Banks to get relief through CRR and T-Bills The CEOs of the two biggest banks in Bhutan, Bank of Bhutan (BoB) and Bhutan National Bank (BNB) both said that sheer majority of the interest waiver will go to medium and small borrowers. His Majesty had announced the waiver of three …
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The Bhutanese Leading the way.