At stake is hundreds of millions in new loan money to a project already making losses Thimphu Thromde willing to handover MLCPs for 22 years to banks if loan is not paid Questions over actual cost escalation of project and due diligence over loans KCR Pvt Limited, the private company …
Read More »MoEA and MoF recommend ways to cut red tape for doing business
The Ministry of Economic Affairs (MoEA) and the Ministry of Finance (MoF) as part of their reports to help the economy revive from the COVID-19 impact has suggested cutting red tape for businesses as one of the key recommendations. According to a reliable source the government is taken up by …
Read More »MoE with support from Save the Children to provide free smart phones or tablets to all students with special needs
MoE also making other adaptations to help SEN students The Ministry of Education (MoE) with support from Save the Children under the project Global Partnership for Education’s Covid-19 accelerated fund to support Bhutan’s educational sector will see 744 students with special needs getting free smart phones or tablets. These special …
Read More »His Majesty The King granted Dashain Tika to representatives of the Hindu Community of Bhutan
His Majesty The King granted Dashain Tika to representatives of the Hindu Community of Bhutan at the Devi Panchayan Mandir in Thimphu on 26th October 2020. Tika imbued with Royal blessings have been sent to other dzongkhags for the people across the country. His Majesty offered prayers to the goddess …
Read More »HRH Princess Eeuphelma Choden Wangchuck weds Dasho Thinlay Norbu
Her Royal Highness Princess Eeuphelma Choden Wangchuck married Dasho Thinlay Norbu in a Royal Wedding ceremony on 29th October 2020 The Royal Wedding was held at Dechencholing Palace in Thimphu. The Royal Couple received the blessings of His Majesty The King, His Majesty the Fourth Druk Gyalpo and His Holiness …
Read More »Updated Health Policy to allow private investment in health care but only of global standards: MoH Minister
The Health Minister Lyonpo Dechen Wangmo said the Ministry of Health is in the process of reviewing its Health Policy which will be presented to the cabinet. The current policy was put out in 2011. She said that the policy among other things will allow for private investment in health …
Read More »MLCP project is too big to let it fail: Finance Minister
MoIC Minister declared his conflict of interest and did not participate in cabinet meet on MLCP says MoF Minister The Finance Minister Lyonpo Namgay Tshering said that while it is too early to say whether the Multi Level Car Park project (MLCP) project will fail or do well he said …
Read More »RMA relaxes regulations to pump in billions in liquidity into Financial Institutions
A Ministry of Finance report outlining a short to medium term recovery plan for the economy lists various measures being taken by the Royal Monetary Authority (RMA) to pump in billions in liquidity into Financial Institutions. The end result for this means that there should be more money for banks …
Read More »Prioritized Curriculum to be used as the New Normal Curriculum henceforth
After the closure of schools in the country on March 18, 2020, the Ministry of Education (MoE) implemented adaptive curriculum and assessment instead of conventional school curriculum and assessment. In the case of E-Learning, the assessment will be done as per the adaptive curriculum at the end of the academic …
Read More »Thromde and KCR rejected recommendation to hire an independent consultant to monitor construction of MLCPs whose cost went from Nu 478 mn to Nu 1.168 bn
The question now is if the government should foot a private company’s bill indirectly by giving more concessions The International Finance Corporation (IFC) as the main advisor and facilitator of the Multi Level Car Parks (MLCPs), among its many functions, did two important things. The first is that it researched …
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