BUSINESS

Royal Monetary Authority (RMA) has lifted the cooling or observation period and made some changes to the directives on treatment of non-performing loans (NPL). NPL is a loan which has not been paid for 90 days or more. RMA in the month of September and October laid strict guidelines for …

By the end of November 2022 a delegation of Indian officials from India’s Petroleum Ministry were expected to come to Thimphu as part of a joint working group to discuss and finalize an MoU on fuel with Bhutan. It was hoped that such an MoU can lead to Bhutan getting …

Online scammers are getting bolder and wily as more and more victims are coming forth to report such scams where they have lost huge amount money in just a blink of an eye. Police find it difficult to investigate the online scam cases, as most of the prime suspects are …

Why are they going? A recent college graduate, Choden, 21, is currently embarking on her journey to Australia. She said, “I am planning to leave the country because it is very difficult to get a job here in Bhutan. The job criteria requires people with working experiences of up to …

With more than 9,000 seats available in government schools, the 7,519 class X pass students are to be absorbed in the government schools. However, if any of the students want opt for private schools, then they still have the choice . Prime Minister Dasho Dr Lotay Tshering  said in the …

Aum Pem and her daughter Aum Pem, 65, sells vegetables door-to-door in Thimphu to make ends meet. She does whatever it takes to help her 31-year-old daughter who works at the Tech Park and earns a basic salary of Nu 13,000. “My daughter says, Ama, there is no need to …

One of the most significant legislations of the government is the revised Property Tax Act of Bhutan where land and house taxes have been significantly revised. The Prime Minister Dasho (Dr) Lotay Tshering talking about the land tax said a five-acre land in all parts of the country was paying …

On 26 July 2022, the erstwhile Tourism Council of Bhutan (TCB) announced that it will inspect the hotels for the TCB certification. The notification stated, “In view of the requirement for all guests to stay in TCB certified accommodations, the readiness assessment will be carried out only for 3-Star and …

Finance Minister, Namgay Tshering, stated that there is enough foreign reserves to last for 14 months for import of essentials, during the first meet-the-press session of the year yesterday. During the winter session of the Parliament, in the State of the Nation (SOTN) Address, Prime Minister Dasho Dr Lotay Tshering …

The recent trend of productive age group people and experienced people leaving Bhutan for countries, like Australia, is a major concern. According to Minister of the erstwhile Ministry of Labour and Human Resources, Karma Dorji, experienced people leaving is a major concern because it takes time to replace the experienced …