The Under-23 football team recently made history for Bhutan by winning the first-ever silver medal in the South Asian Games (SAG) in Nepal. The team, with its professional and disciplined performance, along with a lot of heart, also won the hearts of the Nepalese fans, with the unprecedented scene of …
Read More »RBP says investigation still on after forensic report says strangulation is probable cause of death of Dena Koirala
The report says exact cause of death could not be determined It also does not confirm or rule out rape though no sperm samples were found In what has come as a major surprise to the police, the forensic report submitted by the forensic team under the Department of Forensic …
Read More »‘We had great difficulty making ends meet but what gave me hope was that Dena said she would become a doctor and help her family’: Mother
Dena’s father and grandfather are in prison unable to pay a private moneylender Mother says RBP Thimphu did not send any personnel to search for her girl on the first day despite an official complaint Geeta Maya Adhikari, 33, the mother of the deceased Dena Koirala, not only threw more …
Read More »GDP growth rate crashes to second lowest rate ever at 3.03% in 2018
The National Statistics Bureau (NSB) has finally released the much delayed Gross Domestic Product (GDP) growth rate for 2018 and it shows that the economy had its second worst year ever on record with GDP touching 3.03 percent. The last time Bhutan’s economy had such poor numbers was after the …
Read More »RICBL in a deep hole with record high NPL, 1.4 bn loss and downgraded credit ratings
The company is in the midst of root and stem reforms to deal with the fall out RICBL is Bhutan’s largest insurance company and handles all life insurance and most vehicle, equipment, projects, building and other insurance The country’s biggest and oldest insurance company is in unchartered waters as it …
Read More »DRC’s digital tax net aims to capture all taxable income and assets for taxation purposes
The DNT government in its 2018 manifesto says it will recover Nu 10 bn by strengthening the tax collection system and avoiding tax evasion. This has become all the more imperative as the government faces a Nu 40 bn deficit in the 12th plan to meet its many pledges, some …
Read More »Bhutan and India looking for a middle path on Sunkosh project: FM
One of the main agendas of the Foreign Minister, Lyonpo Tandi Dorji during his recent trip to India was to try and find a solution to untangling the 2560 MW Sunkosh project which is currently stuck due differences between the two countries on the implementation modality. Bhutan wants to implement …
Read More »Govt withholds payment to BHEL over Commission issue
The ACC investigation of the BHEL case, while not finding any criminal culpability, said that the appointment of the local agent Bhutan Ventures Trading (BVT) by BHEL for a commission fee cost an additional financial burden of Nu 197.897 mn to the country in buying equipment from BHEL for the …
Read More »RMA Governor says decline happening after a period of credit boom
Bhutan’s Financial Institutions have lent out Nu 130.519 bn till July 2019 which is on the back of unprecedented credit growth in the last few years. By comparison in July 2013 the total credit was only Nu 58.117 bn. However, a slowdown is in effect with FI’s either turning away …
Read More »ACC had prosecuted Trongsa case on its own after accusing OAG of manipulating the case
The Trongsa land case verdict (story on pg 5) convicting the current JDWNRH President and former Trongsa Dzongda Lhab Dorji for five years, his wife Karma Tshetim Dolma for six years, former Drakteng Gup Tenzin for six years, former Judge of the Trongsa court Ugyen Tenzin for 18 months, former …
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The Bhutanese Leading the way.