A press release by the Druk Holding & Investments Ltd  (DHI), the commercial arm of the Royal Government of Bhutan, announced strong financial performance for fiscal year 2022 (FY2022). Total Group revenue rose almost 13.77% year-on-year to Nu. 45,866.34 million (US$545.70 million) from Nu. 40,314.15 million (US$479.64 million) in FY2021. …

NEW DELHI – The recent Paris Summit for a New Global Financing Pact was touted by its organizers, including French President Emmanuel Macron, as a groundbreaking initiative to forge a “new contract” between the Global North and South that would address climate change and foster sustainable development. The fact that …

More than 15,000 Bhutanese will have gotten Australian education visas in a 12-month period from July 2022 to June 2023. This does not take into account an increasing flow towards Canada and the UK and the more than 8,606 who moved to the Middle-East in the last 10 years. On …

The Cabinet in a 5 June 2023 letter to the RMA put forth a wish list of 8 points all to do with the monetary sector. As a result of that letter the RMA suspended the commercial housing and hotel loans and increased the incentive for remittance from 2 to …

CAMBRIDGE – Fifteen years ago, I watched in rapt attention as a resplendent, yet surreal, scene unfolded: the election of the first-ever African-American US president, Barack Obama. In the past week, the Supreme Court, in a landmark 6-3 ruling, struck down what may have been one of the key factors in making …

ISTANBUL – Turkish President Recep Tayyip Erdoğan’s victory lap following his re-election last month will be short, because his country is on the verge of economic meltdown. Turkey’s economy was also in crisis when Erdoğan’s Justice and Development Party (AKP) first came to power, in 2002. Back then, Turks overwhelmingly …

The 13 State Owned Enterprises (SOEs) under the Ministry of Finance have always been in a strange no man’s land for many years. They are not government departments and hence neither civil servants or even public servants. On the other hand, they are not a part of the well resourced …