The Thimphu District Court on 23 July convicted four defendants, Khandu Wangmo, former RBG Commandant Brigadier Thinley Tobgay, Supreme Court Justice Kuenlay Tshering and Drangpon Yeshey Dorji to a prison term ranging from 5 years to 10 years. As the offenses committed by the defendants are highly sensitive, grievous, most …
Read More »Banks face stormy waters ahead with rising deposits, minimal lending and most clients not opting for the rebate
‘Banks never lose,’ is a widely quoted saying in the financial and business world, but the going does not look good for Bhutan’s Financial Institutions as they are getting a deluge of savings deposits but are unable to lend out that money due to lack of demand for credit in …
Read More »The story behind how Bhutan got its vaccines for the second dose
When it became increasingly clear that Bhutan’s second dose from India was in doubt due to a massive second wave there and politicization of vaccine exports, the going did not look good for Bhutan. Bhutan’s diplomatic muscle only consisted of diplomatic relations with 54 countries and the European Union, none …
Read More »ACC wrote to PM on Penjore’s complaint against OAG
Towards the end of May 2021 after his 16-day detention by the RBP based on a complaint by the Office of the Attorney General (OAG), Penjore filed a complaint cum press release against the OAG with various agencies including the Anti Corruption Commission (ACC). The complaint by Penjore questioned his …
Read More »Moderna recommended for second dose for better immunity
With the available evidence, the government recommends to take the Moderna vaccine as the second dose for those who received AstraZeneca as the first dose. However, AstraZeneca will also be made available as a second dose for those who insist on it, for personal reasons. In a test rollout 613 …
Read More »Banks are going after pre-COVID NPL loans
The Prime Minister’s Office on 30th June 2021 announced a loan deferral till June 2022 for all loans sanctioned as of June 30, 2020. The popular assumption was that this means a blanket loan deferral for all loans until June 2022. However, a new section was included in the phase …
Read More »Bhutan can vaccinate 12-17 soon as USA sends 500,000 Moderna vaccines
In consultation with the Zhung Dratshang, the government has decided to roll out the second nationwide campaign on the auspicious date of July 20 In what will be a major boost to Bhutan’s vaccination drive the USA sent 500,000 Moderna doses to Bhutan on Monday. Apart from this 1.5 million …
Read More »Govt’s non interference with OAG in Penjore case is probably our biggest contribution to democracy: PM
For many citizens the now dismissed Penjore case was a test case about the freedom of speech, powers of the OAG and even basic fundamental rights of citizens. The Attorney General (AG) is accountable to the Prime Minister under Chapter 4 section 63 of the OAG Act, it is the …
Read More »PM lets the cat out the bag on Home Minister appointment
Increasingly clear that Karma Dorji will be the next Home Minister It was supposed to be a standard line from the Prime Minister that the government is yet to decide on the Home Minister during the monthly meet-the-press, but the Prime Minister unintentionally let the cat out of the bag …
Read More »MLCP’s risk must be taken care of by KCR: Thimphu Thrompon
According to Thimphu Thrompon, Ugyen Dorji, the cause for the cost escalation for Multi Level Car Parks (MLCPs) remains a mystery, but KCR Private Limited has its own explanation for the escalation. The Thrompon said that it is a Public-Private Partnership (PPP) project, and the private partner must bear the …
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The Bhutanese Leading the way.