HEADLINE STORIES

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 …

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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 …

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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 …

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ACC says 67 of 99 plots illegal in Gyelpozhing

Many of the 67 illegal plots are held by the influential and powerful The Anti Corruption Commission in a press release in its website confirmed that laws and procedures were violated in the allocation of plots in Gyelpozhing town. The ACC in its release said, “Investigation revealed that of the …

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DGPC MD declines DNT party President’s post

DNT still hopes to convince the MD as his decision is expected to impact the 2013 race One of the strongest contenders for the 2013 elections the Druk Nyamrup Tshogpa (DNT) may have to continue looking for a Party President as their current hopeful, Dasho Chhewang Rinzin, Managing Director of …

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