BUSINESS

An initiative to promote ease of business

As part of the on-going Royal Government of Bhutan–IFC Licensing Simplification Project (LSP), a comprehensive e-Portal of business licenses was developed and launched in August 2012. Subsequently, the Prime Minister of Bhutan signed an Executive Order to make the update and use of the e-Portal mandatory across all 29 license-issuing …

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BoBL connects final dots, services go nationwide

With the Bank of Bhutan Limited’s (BoBL) latest branch opening, people of Gasa can now forgo the downhill travel to Punakha to avail banking services. With this the BoB has reached services to every Dzongkhag.  For added convenience, an ATM machine has also been installed. Chief executive officer Passang Tshering …

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BCCI President finds business issues and solutions in Dzongkhags

Bhutan Chamber of Commerce and Industry (BCCI) president Ugen Tshechup Dorji during his five Dzongkhags tour shared his agenda for the country’s private sector and took note of grievances expressed by various business communities. For the first time in its history BCCI office bearers are visiting every business community across …

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PM lists how the government highlighted Bhutanese culture

From art, crafts, language, literature, music and films to spirituality, the government has taken numerous steps to preserve and promote Bhutanese culture, according to the State of the Nation report. The Prime Minister Lyonchhen Jigmi Y. Thinley in his recent state of the nation report delivery to parliament detailed the …

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“It’s not just a temporary shortage”

Observers pointed out that the government’s state of the nation report failed to reflect the magnitude of the Rupee crisis and growing inflation In the recent state of the nation report to Parliament, Prime Minister Jigmi Y. Thinley said that INR shortfall is only temporary, and everything possible is being …

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New constructions to address city’s drainage woes

The Thimphu Thromde office has come up with new constructions to address roadside drainage problems in some of the areas in the town. The existing road side drainage which is still under construction is from Kuengacholing gate (Upper Motithang) to Zilukha (Below Sangaygang) as per the Thimphu Thromde. Drainage system …

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Two Fuel thieves detained along with the buyer

The community police center at Taba busted a racket of fuel (diesel) theft and seized 307 liters of diesel on 1 March from one of the shops in Dechencholing, Thimphu. Frequent cases of fuel theft from trucks, tripper, and excavators belonging to Nima Construction located near the Pangrizampa in Dechencholing, …

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Bhutan and India signs US$100 mn currency swap agreement 

The Reserve Bank of India (RBI) signed the first Currency Swap Agreement with the Royal Monetary Authority (RMA) of Bhutan for up to USD 100mn to further economic co-operation between the two countries, yesterday in New Delhi, India. RMA can make withdrawals of US Dollar, Euro or Indian Rupee in …

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