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Plans are also in place encourage mines, industries and trade In order to deal with the COVID-19 impact on the economy and enhance economic growth, the Ministry of Economic Affairs (MoEA) will be leading efforts to remove various red tape, regulatory and licensing requirements to make it much faster and …

The two heinous crimes involving the violent deaths of two minor girls are still under investigation. Parent’s of both the deceased girls await justice while the Royal Bhutan Police (RBP) says they are still investigating the cases. Both the cases have been given high priority by the RBP and they …

The government launched the National Credit Guarantee Scheme on Monday.which it will guarantee large portions of loans without any collateral. The ones eligible for these collateral free loans will be from the Cottage and Small Industries (CSI) who will not require collateral except 10% equity and startups under this category …

The biggest hit of COVID-19 has been taken by the private sector and so the Private Sector Task Force for COVID-19 which has already played an important role in giving private sector feedback for Phase Two of the relief measures, quite a few of which was accepted and adopted, is …

Last month, the threat of the pandemic became very real for Bhutan when the first COVID-19 cases were detected outside the quarantine facilities. It was extremely worrying to find several positive cases, in more than one place. Those who contracted the virus and their loved ones have suffered a great …

His Majesty The King in a Royal Address on 12th September, in clear terms, laid out the fact that the virus would be around posing a major threat for another year or two before a vaccine or cure can be found and so Bhutan should prepare accordingly (full address on …

FIAB head not in favour of collateral free loans or lowering of loan interest rates A major concern of the private sector and to an extent the Financial Institutions (FIs) has been the availability of liquidity or money to lend out so that economic activities can continue or start in …

The PM says that after the Coronavirus the next biggest worry is unemployment With the economy taking a series of continuous hits from the stoppage of tourism in March, with the detection of the first case, to the recent lockdown, the Prime Minister has now outlined a four-point formula to …

Among the biggest learnings of the recent national lockdown, one was firstly on how to do lockdowns in the future to minimize the economic cost and inconvenience and secondly to prevent repeated and long national lockdowns. Prime Minister Dr Lotay Tshering said there are a lot of invaluable lessons learnt …

His Cabinet colleagues and key staff across the 10 ministries also stayed away from family with ministers in a guest house and officers camped in the ministries Unknown to many, while the nation was in lockdown at home, the Prime Minister, Cabinet Ministers, senior officials and key staff across the …