The Royal Monetary Authority (RMA) recently issued the Standard Operating Procedures (SOPs) for smooth implementation of Phase Four Monetary Measures. The SOPs state that support measures include deferment of loan repayment, partial repayment, extension of maturity period for loan term, change in repayment frequency, conversion of overdraft/working capital facility to …

After many deliberations, the Tourism Levy Act of Bhutan 2022 was adopted by the National Assembly of Bhutan on Friday with the Sustainable Development Fee increasing from USD 65 to USD 200. The National Assembly conducted the Third Reading on the Tourism Levy Bill of Bhutan 2022 on Thursday. The …

Orphaned at a young age, Kencho Wangmo had no choice but to fend for herself and bear the responsibility of raising her younger siblings. The odd jobs paying a meager amount was not enough to feed and shelter her kid sister, younger sister and a brother. Being an illiterate minor …

On 14th June 2022, the National Script Development grant was launched to help organize and accelerate the Country’s first National Script Development Grant initiated by Golan Pictures, a Film/TV and Media Production company. The NSDG will provide Cash grants to talented upcoming Bhutanese scriptwriters or filmmakers to complete their idea …

During the Sixth Sitting of the Seventh Session of the Parliament, the Member of Parliament (MP) of Khengkhar-Weringla constituency, Rinzin Jamtsho, asked the Minister of Economic Affairs for an update on plans of commissioning any of the hydropower projects, like Dorji Lung, Kuri Gongri, Kholongcu, Gongrichu, Gamrichuu and Nyera Ama …

During the Third Sitting of the Seventh Session of the Third Parliament, the Finance Minister (FM), Namgay Tshering, presented the Annual Budget Report for the fiscal year 2022-2023. The FM said that the Annual Budget Report FY 2022-23 is based focusing on human resource development and skills development program as …

Member of Parliament (MP) of the Bartsham-Shongphu constituency, Passang Dorji, asked the Minister of Economic Affairs, Loknath Sharma, on the government’s specific strategies to develop the private sector. “The GDP contribution of the private sector to the economy is only about 40 percent, but on the other hand, in order …

During the First Sitting of the 7th Session of the Parliament, the Member of Parliament (MP) from Bartsham-Shongphu constituency, Passang Dorji, raised a question to the Prime Minister (PM), asking what the government plans to do to solve the issue of debt, develop the private sector, improve agriculture sector, solve …

After the recent directive by the RMA to freeze loans for the three financial institutions (namely BDBL, NCSIBL and RICBL), these institutions are temporarily suspending some of their plans. “As a result of the directive, the RICB is no longer able to give out new loans and it will be …

Almost all grocery shops in Thimphu have seen a higher maximum retail price (MRP) of imported commodities, especially those imported from India and Thailand due to the hike in fuel prices and the consequent inflation. Most wholesalers in Thimphu are selling the commodities at 5-10 percent increase in the MRP …