Points to failures in 120-day pledges, economy, employment, 12th plan, health, education, rule of law, transparency and rising social problems The Opposition Party, in an official press release today challenged several aspects of the government’s one-year report card and instead pointed to several areas where it said the government has …
Read More »Oil leak, Computer issues and water nozzle trouble impact all four turbines of the brand new Mangdechu project
The issues if not resolved threatens to derail power production from Bhutan’s highest tariff earning project On September 28th one of the four units of the 720 MW Mangdechu Hydroelectric Project had to be suspended and put offline. The brake system of the turbine applied itself when the turbine was …
Read More »BoB applies to RBI to open a branch in India
If all goes to plan the Bank of Bhutan (BoB) may become the first Bhutanese bank to have its own branch in India. The BoB around two months ago applied to the Reserve Bank of India (RBI) to open a branch office in India. There is hope in Bhutan that …
Read More »PM’s focus on Education, Employment and ICT
As the Druk Nyamrup Tshogpa (DNT) government marked its first year of governance on November 7, Prime Minister (Dr) Lotay Tshering, shared the achievements made in the last one year. The government highlighted its work in strengthening the system, initiating reforms with lasting impact, working towards building the economy and …
Read More »Lack of a Fiber-optic connection from Bangladesh through India holds up Bhutan’s true IT potential
Absence of this back up line proposed for 9 years by Bhutan has prevented international companies from investing in Bhutan’s IT sector In the last few years Bhutan’s Fledgling IT Industry has taken off with the success of the IT Park and other initiatives. It is also one of the …
Read More »Was the Jan 2019 slide that pushed P-1 project to 2025 preventable
The right bank of the Punatsangchu I saw a major slide on 22nd January 2019 when the support measures of the August 2016 slide gave way, which has now pushed the completion date to 2025 from the recent completion date of 2024. With a loan interest rate of Nu 12.6 …
Read More »His Majesty The King and Her Majesty The Gyaltsuen attend Enthronement Ceremony in Japan
His Majesty The King and Her Majesty The Gyaltsuen attended the Enthronement Ceremony of His Majesty Emperor Naruhito at the Akasaka Palace in Tokyo on 22 October 2019. The ceremony was attended by Royalty and other State Guests and dignitaries from around 180 countries around the world. The Enthronement Ceremony, …
Read More »Govt plans to introduce Capping of numbers, daily SDF fee, vehicle fees and compulsory guides for Regional Tourists by July 2020
Measures are listed in the Draft Regional Tourism Policy and Regulations The recent public outrage over an Indian tourist climbing on a Chorten in Dochula is just one in many cases, and it saw the public asking as to what the Tourism Council of Bhutan and the government is doing. …
Read More »Major tax reforms and new rates for GST, PIT and BIT to be introduced in upcoming session as Money Bills
The upcoming session of Parliament scheduled for January 2020 will see the introduction of major tax reforms. The biggest tax reform will be the Goods and Service Tax (GST) that will replace the multiple rate sales tax and customs duty right now with a single GST tax rate. It will …
Read More »Bhutan-China boundary talks to be held soon
The Foreign Minister Lyonpo Tandi Dorji confirmed that Bhutan and China are scheduled to have boundary talks though there has been no formal date and formal requests yet. Lyonpo said that Bhutan’s Embassy in New Delhi and the Chinese Embassy in New Delhi had informally discussed the need to have …
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The Bhutanese Leading the way.