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Vehicle sales continue upward trend

Three months after lifting the vehicle import moratorium, car dealerships across the country are reporting a significant rise in sales. Since the restrictions ended, several brands have ramped up deliveries to meet growing demand. Toyota’s distributor, the State Trading Corporation of Bhutan Limited (STCBL), has received 123 Toyota units to …

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Substance use offence tops crime chart this year

Offence related to substance use tops the crime chart this year. As of 22nd October 2024 RBP recorded 1,541 related cases. A total of 2,717 individuals were arrested for substance use related offence, with 2,339 individuals arrested for abuse and 378 for trafficking. RBP revealed that mosty of these individuals …

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RBP arrests 33-year-old man for rape of minor

The Royal Bhutan Police (RBP) has arrested a 33-year-old man as a suspect in a case involving the rape of a minor in Thimphu. The victim, who was underage at the time of the incident, has since turned 18 and gave birth to the suspect’s child. The case came to …

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Government working on simplifying ESP loan process

The Economic Stimulus Program (ESP) has received 422 applications totaling Nu 1,604.65 million from Participating Financial Institutions (PFIs) as of October 2024. So far, 41 proposals have been approved, amounting to Nu 29.72 million, marking an encouraging start for the initiative. ESP is designed to provide concessional loans at a …

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Finance Secretary lists measures to deal with NPLs

According to Ministry of Finance, the Non-Performing Loans (NPLs) in the trade and commerce sector are approximately 7.7 percent. In contrast, NPLs in the tourism and housing sectors are relatively low, at 1 percent and 2.2 percent. During the Meet-the-Press, the Finance Secretary, Leki Wangmo, shared, “This issue is largely …

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