Thimphu TechPark Limited (TTPL), Bhutan’s first IT Park, was started a decade ago to attract IT companies from Bhutan as well from abroad to work in a stimulating environment, and build the much needed ecosystem in the IT sector since it holds great potential for a landlocked country, like Bhutan. …
Read More »Shareholders worried about no dividends and dwindling or static share value of Financial Institutions
After the Royal Monetary Authority (RMA) froze the dividends of financial institutions (FIs) few years ago, the investors are very pessimistic about getting their dividends at all. Kunzang Dechen, a top investor and businessman in Bhutan (who invested Nu 4.5 million in two start-up businesses) said that it has been …
Read More »OCP fines 42 business entities in April
During the month of April, the Office of Consumer Protection (OCP) inspected a total of 244 establishments around Thimphu to check the compliance of Consumer Protection Rules and Regulations. The office also recorded 16 complaints from consumers across the country for that month. Out of the 244 establishments, 139 business …
Read More »Industries will take another 2 years to fully recover: BCCI President
According to General Secretary of Association of Bhutanese Industries, it is just the ferrosilicon industry that is doing well. “As you might be aware, the rates for the ferrosilicon are very good in the market, so only the ferrosilicon business is going well. Rest of the industries are still trying …
Read More »Civil servants allowed to speak to media as long as it is truthful and constructive: PM
During the recent press conference, a concern was raised on dissemination of information between media and government officials after the recent action against Forestry officials for insubordination and MoEA action against a Chief level officer for criticizing the government on social media, to which the prime minister replied, “Before I …
Read More »Future of ex-drayang employees and gaydrungs to depend on their own hands: PM
During the press conference with the media, when asked about ex-Drayang employees not being eligible for trainings that require educational qualification and as they struggle to make a living, the Prime Minister said that the ex-drayang employees have the same access to the opportunities created by the government. “We are …
Read More »Government to soon start issuing bar licenses again
The restriction of bar license since 2010 has not reduced consumption of alcohol, but as some people have pointed out, it has increased illegal sale of alcohol, fronting, and unethical license trade and operation of numerous illegal bars. The motion to lift the ban on bar license has been passed …
Read More »Drayang President worries about desperate and unemployed ex-drayang employees joining the sex industry
When the government banned the drayang industry, a promise was made to ensure the livelihood of ex drayang employees. The government pledge was to have the laid off drayang employees apply for courses to skill them so they can earn a livelihood. However, the catch is that most courses offered …
Read More »Film industry says reopening movie theatres at 50 percent capacity will not be enough to recoup losses and expenses
With the movie theatres closed for more than two years, the film industry incurred considerable losses as shootings were impeded, and the film releases and screening were put on halt, owing to the pandemic. About 40 films are waiting to be screened at various movie theatres limited to just a …
Read More »How offices are coping with staff testing COVID-19 positive
With the ease in COVID-19 restrictions, many government, corporate and private entities have had staff coming back to offices in large numbers and also testing positive which in turn affects the functioning of the office. There is no ministry, agency or company where staff have not tested positive in significant …
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