BUSINESS

The Economic and Finance Committee (EFC) of the National Assembly which was tasked with looking after the Tax Bill of Bhutan 2022 has a made a major departure from the government’s tax figures. The government put a 20% Sales Tax (ST) on imported pork and chicken and all processed products …

After the presentation of the Property Tax Bill in Parliament a big question on the minds of many Bhutanese will be what the land tax rates will be like for them once the bill is passed, whether the land is in urban or rural areas. The paper found that the …

A few months ago the Ministry of Foreign Affairs (MFA) and the Ministry of Economic Affairs (MoEA) drafted and sent an MoU to Delhi on fuel supply as an effort to have the first ever MoU between the two governments focusing mainly on the consistent supply and also lower pricing. …

The Economic and Finance Committee of the National Assembly presented its review report on the balance of trade in the Parliament today pointing to six major issues. The report was presented by the Chairperson of the Committee, Kinga Penjor, of the Gangzur Minjay constituency. GST Hit The Committee has observed …

On the suspended education loans by the financial institutions (FIs), the Prime Minister said that the government has not stopped the loans and are equally worried about the issues.  He asked that whether those in the National Assembly asking the questions on the education loan has read the RMA Act …

After the Australian visa rejection cases for diploma and degree courses a few months ago, and with the freezing of education loans in the country, the majority of the youth are now opting to go to countries in the Middle-East, as their second choice to work abroad. Renu Ghallay from …

Tenzing Lamsang/ Thimphu The Indian Power Secretary Alok Kumar is in Bhutan for a 3-day visit from 29 October to 1 November to discuss the way forward for the 1,200 MW Punatsangchu-1 project and the 600 MW Kholongchu project. The 10,000 MW by 2020 and the future of the hydropower …

Pema Choki/ Thimphu The Bhutanese economy is heavily dependent on imports but there is a group of entrepreneurs trying to reduce imports by selling local products at cheaper prices. “We cannot urge the government to ban imports because we cannot produce the needed products in large quantities. Take for example, …

The Department of Road (DoR) under Ministry of Works and Human Settlement has started reflecting the name of the contractors on the plaque/ board after the completion of major construction projects. It has started with the completion of the bridge at Dhamdum in Samtse where the name of the Rigsar …

A 28-year-old Gawa Zangpo holds the title of the first ever Snowman Race winne; the world’s most challenging five-day ultra-marathon covering 203 km from Gasa to Bumthang. He competed against 17 competitors, including 12 international athletes. Gawa said, “I was attracted towards the race, firstly because of my interest, and …