BUSINESS

The pay revision is effective from 1 October 2023 The Ministry of Finance (MoF) stated that the pay and allowance for the regular employees of the SOEs is revised between 46 percent to 72 percent. Further, the company and position specific allowances are the allowances approved by MOF. The two …

In a significant step towards addressing the challenges of youth unemployment and skill shortages in Bhutan, a grant of USD 15 million (mn) from the Asian Development Bank (ADB) has been issued for the Skills Training and Education Pathways Upgradation Project (STEP-UP) that was launched in 2018. This grant aims …

Lyonpo Chenkyab Dorji received the prestigious award, the Druk Thuksey Medal, in 2017 for his unwavering dedication to the nation for over 56 years. He made significant contributions to the country and left a lasting mark on its history. He was not just a dedicated civil servant but also a …

In a series of recent drug bust operations, the Royal Bhutan Police (RBP) has taken robust actions against the smuggling of illicit drugs, further reaffirming the country’s commitment to ensuring a safe and secure environment for its citizens. On 12 October 2023, the Rinchending Integrated Check Post (ICP) personnel arrested …

During the NA Session on 3 October, the Member of Parliament from  Dramedtse-Ngatshang Constituency, Ugyen Wangdi, raised concerns about the government’s revised tourism tax, citing potential legal complications and confusion in the industry. In response, the Minister of the Ministry of Industry, Commerce, and Employment (MoICE), Karma Dorji, reiterated the …

The Anti-Corruption Commission (ACC)’s Annual Reports 2022-2023 mentions that ACC’s overall share of annual national budget has been declining over the years. It has decreased from 0.18 percent in 2018-2019 to 0.06 percent in 2022-2023 and 0.05 percent in 2023-2024. This not only hinders timely clearing of present, as well …

Although hydropower and tourism are major income generators for our country, however, economic diversification is a strategy seen as pivotal step to reduce reliance on a single source of income. It involves expanding and developing various sectors of the economy to create a more balanced and resilient economic structure. Tandy …

With a significant shift in dining habits, takeaway and delivery culture is gaining popularity in the country, creating job opportunities for part-time employment and transforming the way people enjoy their favorite meals. Traditionally, most people have cherished the practice of dining together as a family or community. However, with the …

There is a public concern in Thimphu on the recent tax revision, which many say was enacted without conducting public consultations. Property owners are particularly worried about the implications of the significant tax increase, as the country grapples with the aftermath of the pandemic, leading to a substantial number of …

With the downtrodden economy and private sector growth stagnation, and layers of implications due to a large number of people leaving abroad, and the hotel and service sector down, brings in the question of whether we are graduating at the right time. The Least Developed Countries (LDCs) are developing countries that have the …