HEADLINE STORIES

FIAB submits its recommendation on loan deferment to RMA RMA thinking more on the lines of around six months’ deferment but no final decision yet Thursday afternoon saw an important meeting on the issue of loan deferments organized by the Royal Monetary Authority (RMA) between the Financial Institution Association of …

A Bolero vehicle with an assigned driver waits outside a hotel to pick up the health workers bound for the isolation ward in the Jigme Dorji Wangchuck National Referral Hospital (JDWNRH). The health workers reach the hospital and start donning their Personal Protection Equipment (PPE), which takes around 20 to …

11 June, 2020, Tashichhodzong: In a simple ceremony, His Majesty The King granted Dakyen to appoint Chogyal Dago Rigdzin as the new Chief Justice of Bhutan. The ceremony was graced by Her Majesty The Gyaltsuen. Prior to this appointment, Chogyal Dago Rigdzin was serving as the Chief Election Commissioner of …

The most important paragraph of the 1st June letter from the Prime Minister to the Ministry of Economic Affairs (MoEA) on cancelling the Chunaikhola mine auction was the second last one where the PM said, ‘Given these unavoidable health and economic dynamics (COVID-19), the likelihood of auctioning the mines as …

But not for interest waiver As the three-month loan deferment is coming to an end by June 2020, Bhutan’s Financial Institutions largely favour extending the Equated Monthly Installment (EMI) deferment by another three months at least, given the current bleak economic situation due to COVID-19. The Financial Institutions Association of …

Most Druk Holding Investment (DHI) Companies will take a revenue and profitability hit for 2020 due to COVID-19 which will affect the government coffers in the form of dividends and Corporate Income Tax. The only exceptions will be Druk Green Power Corporation (DGPC) where hydrology will play a role and …

June 4, 2020: On the 30th Birth Anniversary of Her Majesty The Gyaltsuen, we join the people of Bhutan in offering our heartfelt prayers, gratitude and wishes to our beloved Queen.

Both sides aim to sign the Concessional Agreement soon after which major works can happen A senior Bhutanese official said that a breakthrough in the 600 MW Kholongchu project has happened and the Concessional Agreement may be signed as early as this month so that the major works on the …

P-1 Civil Works Consultant CWC does not agree and feels right bank can be strengthened The 1,200 MW Punatsangchu I project is not just faced with a geological challenge on its right bank, but now two expert Indian agencies, the Central Water Commission (CWC), which is the project’s civil engineering …

With the pain only getting worse the woman requested for the case to be transferred to Thimphu so that she can seek advanced treatment The 38-year-old woman from Lumang, Trashigang, an alleged victim in a battery case involving a wife of Drangpon, is looking for justice. The incident has left …