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 …
Read More »Translation of His Majesty The King’s Address to the People of Bhutan
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 …
Read More »His Majesty calls upon the youth to serve
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 …
Read More »Financial Institutions liquidity issue to be resolved but FIs not a silver bullet to solve economic woes: FIAB Head
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 …
Read More »Lyonchhen’s four-point formula to help the economy recover
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 …
Read More »Repeated and long national lockdowns not to happen as economy will not survive: PM
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 …
Read More »PM sleeps on a windowsill in his office mini-gym and has stayed away from family since the lockdown
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 …
Read More »His Majesty leads prayer offerings on passing away of former Indian President
His Majesty The King led the government and the Indian Ambassador in offering prayers and a thousand butterlamps for His Excellency Pranab Mukherjee at the Simtokha Dzong on 1 September, 2020. The former President of India passed away on 31st August. His Excellency was well loved across party lines in …
Read More »MoF looking at priority areas, collateral free loans, enhancing debt ceiling, using reserves and private role in SOEs to boost economy post lockdown
If the economy was in a bad enough condition with the COVID-19 measures, the nearly one-month lockdown has put it in a deep freeze. The Finance Minister Namgay Tshering and his core team in Paro are racking their brains, going through a lot of data and coming up with important …
Read More »TCB to propose Bubble tourism from March 2021
Domestic tourism plan also being drawn up The Tourism Industry and the tourism season is dead for the entire 2020, but there is some hope in 2021 as the Tourism Council of Bhutan (TCB) is working on and proposing the concept of ‘Bubble Tourism’. A TCB official, on the condition …
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The Bhutanese Leading the way.