The Prime Minister on 3rd December had written to the Royal University of Bhutan (RUB) requesting it to relocate the Gedu College of Business Studies from its current location in Gedu. The PM in the letter said that the national fertility rate had dropped to 1.7 percent and primary school …
Read More »Govt expects economic growth to pick up in 2020
With the GDP growth rate hitting the second lowest recorded low of 3.03 percent in 2018, slowing of credit due to a liquidity crunch and its impact on large sections of the private sector- the situation looks bleak. The Bhutanese asked the Finance Minister and Prime Minister on the government’s …
Read More »Dena’s parents demand a full investigation after Forensic report suggests foul play
There was a big twist in the disappearance and death case of nine-year-old Dena Koirala earlier this week when the the forensic report submitted by the forensic team says that the probable cause of death of nine-year-old Dena Koirala is due to ‘Ligature Constriction’ or strangulation which happened before any …
Read More »Bhutan sees large rush of regional tourists eager to beat SDF fee
December is actually a low season time The month of December is usually regarded as a low season for tourism in Bhutan, but the country is in the midst of a huge rush of regional tourists coming in from India and also Bangladesh. The main reason seems to be rumors …
Read More »Hotel Bubble: TCB advises people to not invest in new Hotels in Western Region
TCB draft study found Thimphu, Punakha and Paro already had an excess of 35 tourist standard hotels with 232 more cleared for construction from 2016 to 2019 By now even an average Joe on the street would have noticed the excessive number of hotels coming up in Thimphu and Paro, …
Read More »Bhutan’s National Team Football Players only get paid Nu 10,000 a month: Chencho Gyeltshen
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 …
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