On June 13, the house unanimously ratified both the agreement and protocol on movement of Traffic in Transit between the Peoples Republic of Bangladesh and the Royal Government of Bhutan (RGOB). All the 44 members present and voting, voted in its favor. The protocol provided the framework to ensure greater …
Read More »PM blames past, pandemic and Ukraine war for private sector woes
The Khar-Yurung Constituency MP Tshering Choden said the national vision is for a developed Bhutan. Accordingly, in 2029 the GDP should move from USD 2.5 bn to 5 bn and to USD 10 bn by 2034. The aim is to also provide 97.5% employment. She said to achieve this aim …
Read More »BNB announces T Bank as Official Visa Associate
Bhutan National Bank (BNB), a leading financial institution committed to delivering cutting-edge banking solutions, is pleased to announce its collaboration with T Bank as an official Visa associate. This strategic partnership marks a significant milestone in expanding the reach of Visa’s innovative payment solutions and providing enhanced financial services to …
Read More »Nu 79 million in unclaimed dividends in 16 companies
Shareholders have not collected their shares paid by 16 listed scripts with the Royal Securities Exchange of Bhutan (RSEBL). Unclaimed dividend is the dividend that is paid by the companies to its shareholders but the shareholder has not yet taken or claimed it. Druk PNB Bank Limited has accumulated Nu …
Read More »UNCRPD give rights to people with disabilities covering all aspects of life, from health, education and employment
The United Nations Convention aimed to promote, protect and ensure the full and equal enjoyment of all human rights and fundamental freedoms by all persons with disabilities. There are 173 State Parties to the Convention, and Bhutan is the only SAARC country, and among a few countries in the world, …
Read More »Prime commercial spaces find no takers and existing ones complain about the reduced income vs high rent
Not long ago it would have been unthinkable in Thimphu for prime commercial spaces to go unoccupied., but this is what is happening in Thimphu these days even as rents are reduced or other offers are made. Currently, the real estate trend has shifted to more sellers than buyers. There …
Read More »Government announces new SDF incentives of 4, 7 and 12 nights SDF waivers to encourage visits
The incentives are available for full US dollar SDF-paying tourists, and for stays in Bhutan between June 01, 2023 and December 31, 2024 (Thimphu, Bhutan, May 31, 2023): The Cabinet has today announced three different SDF incentives for US dollar SDF-paying tourists that are designed to encourage longer stays and greater exploration of all 20 dzongkhags. The incentives come into effect for bookings made from June …
Read More »Businesses in border towns are not doing well
Trade and commerce in the border towns of Phuentsholing, Gelephu and Samdrup Jongkhar, are down. The people that run businesses in these areas, share there are numerous factors that are killing their business, such as the reopening of borders with India, taxes and lack of population. The Chair of Members …
Read More »RMA partially lifts loan moratorium on BDBL
The Royal Monetary Authority (RMA) approved the partial lifting of loan moratorium of Bhutan Development Bank Limited (BDBL) to selected branch offices like Wangduephodrang, Tsirang, Dorokha, Gasa, Trashigang, Gedu, Dagapela, Jomotshangkha, Lhuentse, Zhemgang, and Nganglam. These selected branches will be providing limited credit services in critical areas with focus on …
Read More »Project DANTAK and DoST conduct cleanliness drive
Project Dantak, in coordination with the Department of Surface Transport, RGoB, has been conducting periodic Cleanliness Drive since 05th February 2023 coinciding with the 7th birth anniversary of His Royal Highness, The Gyalsey Jigme Namgyel Wangchuck, aimed at keeping the Western and Eastern highways as well as other roads of …
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The Bhutanese Leading the way.