HEADLINE STORIES

With the Royal Monetary Authority (RMA) reducing the loan limited from 50 to 30 percent to control the imports of vehicles and suggesting the government to come up with fiscal measures, the popular over night perception was that vehicles taxes are on the way. However, the Prime Minister Lyonchhen Dasho …

The Department of Geology and Mines under the Ministry of Economic Affairs has completed the installation of six seismic stations and twenty intensity meters in the country last month. The monitoring networks will help in providing information about the location and the magnitudes of the quake and help in assessing …

While the Anti Corruption Commission (ACC) report pinpointed the illegal and inflated term loans and Over Draft loans given by a Bhutan Development Bank Limited (BDBL) project officer, Pema Nidup, coming to around Nu 576 mn, questions remain about the system and lack of oversight that allowed this to happen. …

Some people say that Bhutan is an Indian ‘protectorate,’ which is not only an inaccurate assessment, but shows a lack of understanding of the increasingly complex and diversified nature of the relationship between the two countries. The Doklam standoff on territory claimed by Bhutan has gone on for a full …

From 2008 onwards the ‘10,000 MW by 2020’ was projected as the solution to all of Bhutan’s economic woes, and the main basis by which Bhutan would become economically self sufficient. The basis being India’s perennial power shortage and the huge expected demand of the future. It was for this …

Remittances from Bhutanese youth working in the middle-east was around Nu 204 million last year according to records maintained by the Bhutan Postal Corporation Limited which is the only agency that operates Western Union, the international money transfer and payment services, in Bhutan. Most of the remittances came from the …

The Indian government has told a Bhutanese delegation from the Ministry of Finance that Bhutan would have to wait for two months before India can make any special concessions for Bhutan on the new Good and Services Tax (GST), which came into effect from July 1st A senior official said. …

The heavy monsoon downpour lead to the Punatsangchu river overflowing the coffer dam into the dam site work, that was underway on the other side. The P II coffer dam diverts the river away from the dam site on the other side to a single diversion tunnel. What has raised …

The Anti Corruption Commission (ACC) on 7th July suspended the Royal Insurance Corporation of Bhutan Limited (RICBL) CEO, Namgay Lhendup and Executive Director Sonam Dorji, as part of its corruption investigation. A source said that the investigation is into RICBL’s financial dealings with Nubri Capital which is a private fund …

The Anti Corruption Commission (ACC) for the last three weeks has been investigating how a trusted ATM Teller of the Druk-PNB Bank embezzled around Nu 10 mn in cash from nine ATM machines of the bank in Thimphu. The bank started getting suspicious when not all its ATMs were working …