With the government yet to respond to their earlier grievances, the private sector representatives proposed a host of solutions saying the economy is going through an unprecedented crisis If the government and the central bank does not address the current liquidity crunch for another few months the whole economy is …
Read More »Private sector says it has reached its precipice with Pedestrian Day
The capital may see a silent protest, if the government chooses not to pay heed to the business community’s proposal Members of the business community said they have waited enough for the government to look into the Pedestrian day policy and declared they will hold a ‘silent protest’ against the …
Read More »Liquidity crisis not to be used as “excuse” by private sector for defaulting on bank loans, Druk PNB Chief
The private sector since the last few months is faced with a serious issue of loan repayment partly caused by unavailability of additional loans from the commercial banks. The Druk PNB (DPNB) CEO N.K Arora said this should not be used as an “excuse” by the private sector to default. …
Read More »Inevitable Diesel price hike hits Bhutan
A drastic Nu 5 per liter or 12% hike on diesel price in the country starts today Bhutan is directly hit by India’s first diesel price hike, a substantial increase by Indian Rupee (INR) 5 per liter after more than a year. As usual Bhutan felt the pinch today that …
Read More »Private sector and BCCI meeting to sort out issues
Members said the main highlight will be on the credit crisis and pedestrian day The private sector and Bhutan Chamber of Commerce and Industry will hold a meeting on Monday, September 15 to sort out, discuss and find possible solutions to major issues faced by the members both new and …
Read More »ECB will row the social media ocean with its Draft Rules and Regulations
However the commission’s arms may not be long or strong enough to enforce its Social Media Rules and Regulations Popular opinions and general worldwide trends dictate Social media will play a crucial role to sweep the tide of election battles. Perhaps the same phenomenon is expected to play a huge …
Read More »Credit crisis continues to escalate
It’s been almost half a year since banks stopped housing, vehicle and other loans after the central bank put in place new restrictions back in April this year, which lead to a virtual credit freeze. The sudden freeze on credit was largely attributed to the Indian Rupee (INR) shortfall as …
Read More »The abominable snowman ‘drops’ by Thrumshingla
In what could reignite Bhutan’s long held fascination for the Yeti or ‘Migoi’ an official report filed by a Ranger of the Thrumshingla National Park on 3rd September, 2012 claims the discovery of ‘Yeti droppings’. Thrumshingla Park Ranger Pema who had gone to Tang, Bumthang to file a report of …
Read More »An ebb tide of the Bhutanese automobile industry
Not a single order has been placed by any of the automobile companies in the country with their foreign agents since March this year. While automobile business, apart from second hand car dealers has suffered a rapid slowdown, the government hasn’t shown any signs to lift the ban on car …
Read More »Gyelpozhing Residents worried about OAG taking over from ACC
Local Gyelpozhing residents expressed their concerns on how effectively the ‘government lawyer’ or the Office of the Attorney General would be able to prosecute the case against senior members of the government involved in the case. Gyelpozhing town tshogpa Gyembo Dorji said, “Many people here in Gyelpozhing feel that the …
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The Bhutanese Leading the way.