The ACC in its report has touched on the Phajo Nidup cases. 36-year-old Phajo, had 88 loan accounts with various banks with a total outstanding balance of Nu. 818 million (mn) as of December 2021. The loans were availed in the names of various business entities registered either in his …
Read More »
Map of Strategic Sites in Paro and Thimphu showing their land use mix and neighbourhood groupings Thimphu and Paro maybe located into two different valleys but the two places have become synonymous with each other over time as both places boomed and the transport infrastructure improved between them. The Prime …
Read More »
Sri Lanka was hit by a major economic crisis when it failed to meet its debt obligations and saw shortages of fuel and essentials, massive inflation, drop in reserves and a steep drop in its currency value in 2022. Its GDP shrank by 8% and poverty almost doubled from 13% …
Read More »
In a significant milestone for Bhutan, the highly anticipated Gyalsung National Service website was launched on 9 October 2023, allowing the eligible youth to register for the program. As of midnight 12th October, a total of 457 males, including 529 females had enthusiastically enrolled in the Gyalsung program. The registration …
Read More »
On the Tenth Session of the National Assembly, Lyonpo Dasho Tandi Dorji, the Minister of Foreign Affairs and External Trade, emphasized the pride that Bhutanese nationals can now seek better opportunities abroad, including countries like Australia and the United Kingdom unlike the past. “Before these opportunities became available, the government …
Read More »
The Jigme Singye Wangchuck School of Law (JSW Law), held the Tashi Rabney ceremony of its campus in Pangbisa, Paro on 5 October 2023, coinciding with the auspicious 21st day of the eighth month. The ceremony was graced by His Majesty The King, His Majesty the Fourth Gyalpo, His Royal …
Read More »
There are growing reports and increasing concerns of tax evasion in the tourism industry as tourists now only have to pay the USD 100 per day SDF and what they do and how much money they spend after this is up to them, which makes it difficult to track their …
Read More »
The Dagachu Hydro Power Corporation Ltd (DHPC) in its 8 years of operations has made a total profit of Nu 673.675 million (mn). The profit margins were affected by the forex losses aggregating to Nu. 1,068.923 mn or Nu 1 billion (bn) over the same period. Without the forex losses …
Read More »
The 2023-24 annual budget is the tightest one till date with very little revenue room and this is setting to get worse as the hydropower revenue generation data so far from January to September 2023 shows that we are having our lowest power generation in the last four years. From …
Read More »
In the last Parliament session both the National Council and the National Assembly passed a resolution to direct the the National Statistical Bureau (NSB) to reexamine the method of calculating inflation to correct any anomalies and ensure that the calculation reflects the economic reality in Bhutan rather than just following …
Read More »
The Bhutanese Leading the way.