A report released by the ECB titled “Report on Expenditures of the Second Parliamentary Elections in the Kingdom of Bhutan, 2013” showed that Nu 426.871 mn was spent on the 2013 Parliamentary elections. The Second Parliamentary Elections in 2013, inclusive of the Bye-Election to Nanong-Shumar National Assembly Demkhong had a …
Read More »Finance Ministry proposes opening up home loans
The Ministry of Finance, in a meeting with the Royal Monetary Authority (RMA) on 4th April 2014 proposed that housing loans, under certain conditions, be opened up again. The Finance Minister Lyonpo Namgay Dorji said, “In the meeting with the RMA we discussed the possibility of opening up loans to …
Read More »NEC study shows deteriorating air quality in Bhutan
Bhutan’s air quality may not be as pristine as you would think according to a study by the National Environment Commission (NEC). Data with the NEC shows that the air quality in Bhutan is getting worse by the year across the country and more so in urban areas like Thimphu. …
Read More »Local vegetable sale dominates the CFM market this year
The initiative by the Ministry of Agriculture and Forests to enhance local agricultural production to meet domestic demand seems to have paid off as farmers around the country have taken to growing vegetables on a large scale. There are more home grown vegetables on sale at the Centenary Farmers’ Market …
Read More »Women in Politics meet recommends 20 to 50 percent quota in politics
Most conferences in Bhutan usually see a significant thinning out after lunch. However, ACC Chairperson Dasho Neten Zangmo in her closing remark said the ‘National Consultation-Conference on Women in Politics in Bhutan’ was the only conference of its sort in Bhutan where she saw participants staying well into evening for …
Read More »Pay Commission report under discussion
The revision of the salaries and other benefits for civil servants can only take effect after the Cabinet deliberates on the issue and getsapproval from the Parliament declared the Prime Minister during the Meet-the- Press session yesterday. Although the Pay Commission Report has been submitted a month ago, it will …
Read More »Government says no change in stance over Education City
Despite the government decision to cancel the Education City project over land legality issues discussion on the issue refused to die down on the airwaves. The Prime Minister Tshering Tobgay along with the Home Minister Damcho Dorji and Finance Minister Namgay Dorji all asserted that the project was a closed …
Read More »Citing lack of tenants Singaporean company APG to pull out of its 70% share in the Nu 500 mn Thimphu Tech Park
The Assetz Property Group (APG), which holds 70 percent of the Thimphu Tech Park Limited (TTPL), through a letter dated 10th March 2014 has announced its intention to withdraw from the project. The APG in its letter says, “While APG appreciates the goodwill and support received from the RGoB changes …
Read More »Bhutan’s ‘Apa Kinley’ selected as Secretary General of Colombo Plan
Kinley Dorji, 61, popularly known as ‘Apa Kinley’ beat candidates from many countries to be selected as Bhutan’s first ever Secretary General of the Colombo Plan. The Colombo Plan is the first international developmental organization which Bhutan joined in 1962, and which played an important role in Bhutan’s development process, …
Read More »4 steel industries come together in a ‘strategic alliance’ to catch bigger fish
The alliance is to capitalize on a new excise duty exemption being granted to domestic steel companies supplying to hydro power projects Bhutan’s steel industry, which saw a downward slump since 2008, are now more hopeful as 4 major steel factories will be working together in what they are calling …
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