The Speaker Wangchuk Namgyel paid tribute to His Majesty The King for His Majesty’s leadership in fighting COVID-19, and in doing so expressed and channeled what a lot of Bhutanese have been feeling in the past few months. He said His Majesty the King has always shown great compassion and …
Read More »Economy is not in a recession: FM
38% of domestic revenue collected in November against target of 36% The Finance Minister Namgay Tshering said that the Bhutanese economy while not in a recovery mode or in a worst case scenario is not in a recession. He said that Bhutan’s economy has not yet got past the crisis …
Read More »MoEA proposes to allow External Commercial Borrowing for all and also cash flow based loans by banks
Also calls for Micro Finance for small businesses outside banking system and relaxing rules to list on the stock exchange to raise capital The Ministry of Economic Affairs (MoEA) as a part of its recommendations to help the economy recover from COVID-19 has recommended certain measures to ease access to …
Read More »MoEA recommends tax incentives, convertible currency supply and predictable power tariff for competitive industries
The Minister of Economic Affairs (MoEA) has come up with a slew of measures to help Bhutan’s manufacturing sector which has been impacted by COVID-19. Convertible currency to purchase cheaper raw materials from third countries The MoEA says that it is economically viable to support Bhutanese industries that cater to …
Read More »400 Bhutanese road construction workers from 20 Dzongkhags in Thimphu surprise contractors and themselves
It is an all Bhutanese workforce The project for the construction of a four-lane road starting from Bhutan Telecom junction till Jungshina Bridge (3.1 KM) has a 100 percent Bhutanese workforce, ranging from the young up to people of 50 to 60 years of age and they have female workers …
Read More »Purjang of HH the late 68th Je Khenpo, held at Puna Dewa Chenpoi Phodrang
The Purjang of His Holiness the late 68th Je Khenpo, Jetsun Tenzin Dhoendup, was held at the Puna Dewa Chenpoi Phodrang on the 7th of November, 2020, corresponding with the 22nd day of the 9th month in the Iron Male Rat Year of the Bhutanese Calendar, coinciding with the Descending …
Read More »His Majesty The King and His Majesty The Fourth Druk graced the Pur-Threl (scattering of holy ashes) of His Holiness the late Je Thrizur into Mochhu in Punakha
10 November 2020: His Majesty The King, His Majesty The Fourth Druk Gyalpo, Her Majesty The Gyaltsuen, and members of the Royal Family graced the Pur-Threl (scattering of holy ashes) of His Holiness the late Je Thrizur into Mochhu in Punakha. The Prime Minister, and representatives from the government also …
Read More »MoEA recommends allowing Bhutanese to invest abroad and MoF recommends divesting 30% shares of SOEs to the the public
MoEA also recommends developing an offshore financial center in Bhutan Desperate times call for desperate measures and the two main economic and financial wings of the government in the form of the Ministry of Economic Affairs (MoEA) and Ministry of Finance (MoF) are recommending bold economic reforms to stimulate the …
Read More »MoEA recommends slashing Customs Duty, establishing internal road networks and wholesale dealerships in Bhutan to encourage trade
For those parents who buy baby diapers, the Mamy Poko is a popular brand. However, if you buy Mamy Poko imported from India you pay far less and for the same diaper of a better quality imported from Bangkok you pay far more due to the additional customs duty. Similarly, …
Read More »No student with special needs will miss education due to COVID-19: MoE
All the schools in the country will be opening next year including 20 Special Educational Needs Schools (SEN) and 2 Special Institutes, Wangsel Institute in Paro and Muenselling Institute in Khaling. All 744 students will follow the same health protocols of the other general schools across the country. There will …
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The Bhutanese Leading the way.