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 …

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 …

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 …

The much delayed Kholongchu project in Trashiyangtse might see the two sides agreeing to sign the vital Concession Agreement within the next few months which could be by the end of the year or early next year. Once the CA is signed then the major works like dam, head race …

The issues if not resolved threatens to derail power production from Bhutan’s highest tariff earning project On September 28th one of the four units of the 720 MW Mangdechu Hydroelectric Project had to be suspended and put offline. The brake system of the turbine applied itself when the turbine was …

If all goes to plan the Bank of Bhutan (BoB) may become the first Bhutanese bank to have its own branch in India. The BoB around two months ago applied to the Reserve Bank of India (RBI) to open a branch office in India. There is hope in Bhutan that …

Absence of this back up line proposed for 9 years by Bhutan has prevented international companies from investing in Bhutan’s IT sector In the last few years Bhutan’s Fledgling IT Industry has taken off with the success of the IT Park and other initiatives. It is also one of the …

The right bank of the Punatsangchu I saw a major slide on 22nd January 2019 when the support measures of the August 2016 slide gave way, which has now pushed the completion date to 2025 from the recent completion date of 2024. With a loan interest rate of Nu 12.6 …

Measures are listed in the Draft Regional Tourism Policy and Regulations The recent public outrage over an Indian tourist climbing on a Chorten in Dochula is just one in many cases, and it saw the public asking as to what the Tourism Council of Bhutan and the government is doing. …

The upcoming session of Parliament scheduled for January 2020 will see the introduction of major tax reforms. The biggest tax reform will be the Goods and Service Tax (GST) that will replace the multiple rate sales tax and customs duty right now with a single GST tax rate. It will …