HEADLINE STORIES

Bhutan National Bank Limited (BNBL) made a net profit of Nu 510.3mn last year, an increase by Nu 259mn from the year 2010. Chairperson of the board of directors, Kunzang Dechen said that apart from being “delighted”, the management has cut down on a lot of costs. “Income from foreign …

The government recently suspended the Constituency Development Grant (CDG) in face of opposition from the National Council, Election Commission and the Opposition Party. However, in what could be called a case of an expected breach in its use, a draft Royal Audit Authority report, has found several instances of lapses …

On the surface, the border towns may seem to be on a rupee famine, but, the informal market exchange  on Rupee against the Ngultrum is on a slow but steady rise The rupee crunch hullabaloo has just begun. On the other side of the border,   the Jaigaon Merchant Association has …

A Right To Information application by this newspaper to the National Land Commission (NLC) on details regarding what action has been taken in the Chang Ugyen case was rejected. The Bhutanese put up the application as a follow up to its investigation on the Chang Ugyen land grab case. Bhutan …

RTI Bill to be introduced in NC In a historic move for Bhutan’s fledgling democracy, National Council MP from Gasa, Sangay Khandu will introduce the Right To Information Bill (RTI) in the 9th session of the Parliament on May 2012. The Right To Information bill is considered by many to …

 The RTI Bill being introduced by the NC MP, Sangay Khandu, is based mainly on the High Court version of 2007. As per the bill a Bhutanese citizen can go to any government agency and ask for official information, which the agency has to provide within a certain time period …

With the Bhutanese economy being hit by a severe rupee crunch, people say one of the causes is fronting of businesses, especially in the manufacturing sector. But the government officials The Bhutanese talked to feel fronting could not be a cause of rupee crisis as much as it is believed …

The construction of Bhutan’s 10,000 MW hydropower projects is marked by competition between Indian construction giants fighting for price and quality. However, the projects will continue to have only one monopoly supplier of electro-mechanical equipment for the foreseeable future, Bharat Heavy Electricals Limited or BHEL, which is an Indian government …

Thimphu police arrested two suspects, a 34-year-old man and his 25-year-old wife for breaking into the Thimphu district court on January 2 and robbing Nu 575,000. The woman was the court night guard’s sister. She was asked by the court to replace the night guard for a while after he …

As if the rupee crisis was not enough already, Bhutan will have to  gear up to avail more rupee loans than originally estimated for its upcoming 10,000 MW projects. The cost of the 1,200 MW, Punatsangchu I and 1,000 MW Punatsangchu II project has increased from its original estimate of …