The election commission announced that both parties though registered have to fulfill a few more obligations to take part in the 2013 race The Election Commission of Bhutan (ECB), yesterday formally announced the approval of the registration of Druk Chirwang Tshogpa (DCT) and Bhutan Kuen-Nyam Party (BKP) as political parties. This …
Read More »‘His Majesty’s address to the ACC cadre instilled in us a greater sense of purpose and courage’: Dasho Neten Zangmo
His Majesty the King graced the Foundation Day of the Anti-Corruption Commission and granted an Audience to the staff of the Commission on December 31, 2012. ACC Chairperson Dasho Neten Zangmo said, “2012 has been of the exciting years for the ACC and for the year to culminate with the …
Read More »STCBL goes into five new businesses to avoid downsizing
STCBL says that downsizing will happen if the economic environment does not improve this year The much speculated and dreaded downsizing of staff at the State Trading Corporation Limited (STCBL) will not take place for now. The company instead has decided to transfer its 26 sales staff into five new …
Read More »Profitability concerns in 114 MW Dagachu project after escalating costs
Both DGPC and NPPF stand to get reduced dividends if the project cannot negotiate a higher tariff with Tata power Bhutan’s first medium sized hydro project with a foreign private company partner is facing the possibility of reduced profitability due to a sharp increase in its construction costs. The reduced …
Read More »Actress Kezang D Wangmo to enter Politics via PDP
Politics may tend to get dirty on one occasion too many, but at least with this contender it will remain visually appealing for the electorate’s eyes. And that will be the 26 year old actress Kezang D. Wangmo of the Bhutanese film Industry, who joined the People’s Democratic Party (PDP) …
Read More »Government’s austerity measures hits the economy
The cost cutting measures adopted by all government agencies as notified by the finance ministry in the wake of the country’s Indian Rupee (INR) shortfall and liquidity crisis has had a visible impact across the country, particularly in the private sector. In the fiscal year (FY) 2012-2013 budgets, provisions for …
Read More »First NC candidate from Ramjar is a corporate employee
Ramjar gewog of the Thongkozor village in Trashiyangtse Dzongkhag has its first National Council (NC) candidate for the 2013 elections. Backed by more than two decades of service with the State Trading Corporation of Bhutan Limited (STCBL) Karma Gyeltshen, 44 popular among friends as Dotula retired from his post as …
Read More »A Stabilization Fund to stabilize Bhutan’s Economy
This fund is also expected to prevent Rupee and Credit crises in the long term In an effort to avoid financial problems like the rupee and credit crises in the future, the government is planning to set up a stabilization fund for Bhutan in the 11th five year plan. A …
Read More »A crisis that may go beyond the Rupee and Credit shortfall
While the current economic situation hasn’t shown any signs of abating, it could give birth to a much more severe financial predicament. With all the banking institutions closing their accounts for the year, banks are finding increased numbers of non-performing and defaulting loans. Commercial banks have already alerted their customers …
Read More »Bureaucratic bungling leaves a family without Citizenship
In a process where even blame got lost, a man and his family remain without a country even though they spent half a lifetime in the very country they live in Such a thing is citizenship, people may spend a life time in a country but they will be proven …
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