HEADLINE STORIES

In an era of high and super high vehicle taxes, especially on third country imports, like Toyota Prado, Toyota Land Cruiser and other luxury vehicles, the lack of any ceiling on MPs’ vehicle quotas could potentially turn some of them into overnight millionaires. This is because the two vehicles, Toyota …

Bhutan will be setting up its first ever wind power plant in Rubessa, Wangduephodrang that is expected to generate power for around 600 ruralhouseholds. “The calculation is that an average rural household’s power consumption of power will be about 1kW, so a 500kW wind power can power around 600 households,” …

A key component of the Economic Stimulus Plan (ESP) which is the Business Opportunity and Information Center (BOIC) will start its activities from the 27th of August, 2014 according to the Minister for Economic Affairs, Lyonpo Norbu Wangchuk. The BOIC will start accepting applications for Nu 1.9 bn worth of …

The new Indian Ambassador Gautam Bambawale is regarded as a competent diplomat in New Delhi with extensive experience in dealing with key countries like China, Japan, USA and Germany. He sat down for an in-depth interview with the Editor-in-Chief of The Bhutanese, Tenzing Lamsang Q. What are your main priorities …

Apart from the soaring temperatures farming communities across Bhutan are having a difficult time with the unusually scanty monsoon. Unofficial reports and anecdotal accounts from farmers at the Centenary farmers market, roadside vendor farmers, travelers and local government officials from Western, Southern, Eastern and Central Bhutan show that Bhutan’s agriculture …

In response to questions on the performance of the government which completed a year in office, the Prime Minister and other ministers highlighted various activities and successes in the past one year. The Home Minister Lyonpo Damcho Dorji said the government has done ‘fairly well’ in the last one year …

The Finance Minister Lyonpo Namgay Dorji confirmed that the Royal Monetary Authority (RMA) would be opening up housing, car and vehicle loans from mid August. Lyonpo said that his ministry had a series of meetings with the RMA on the opening up of loans and that loan guidelines were in …

The Labour Minister Lyonpo Ngeema Sangay Tshempo said that the Ministry of Labour and Human Resources (MoLHR) has ensured employment for 3,724 youth till date. He said that the ministry was working to employ more of them in the 2014-2015 financial year. He said, “The government pledged to give full …

Financial Institutions feel that the tough conditions would restrict credit growth and hit the economy The Financial Institutions Association of Bhutan (FIAB) which met on 18th July to discuss the Royal Monetary Authority (RMA) draft guidelines reopening housing, vehicle and consumer loans has decided to ask the RMA to do …

A joint report by the Ministry of Economic Affairs and the National Statistical Bureau conclude that civil service pay hike would have a very minimal impact on inflation. It says that aggregate demand is not going to rise so much as to give inflationary pressure in the economy. “ This …