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 …
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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 …
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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 …
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On 13 July 2022 the Supreme Court upheld a High Court judgment on the RICBL Vs Ugyen Wangchuk Non Performing Loan (NPL) recovery case which said that a Nu 102.39 mn loan owed by contractor Ugyen Wangchuk is to be divided equally between Ugyen Wangchuk, RICBL and the relevant RICBL …
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The Director General of the Department of Tourism Dorji Dhradhul recently submitted his resignation to the Ministry of Industry, Commerce and Employment (MoICE) as he not satisfied with the RCSC MaX Annual Performance Assessment where he was placed under Partially Meets Expectation (PME). The DG was later convinced by higher …
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This paper as a follow up to its story last week on the Supreme Court giving two verdicts and not implementing its own verdict sent four questions to the Court. The first question asked for a definite date by when the case will be solved. The second question asked if …
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Bhutan faced severe Internet disruptions on friday as a result of a damaged link in India, causing congestion and unpredictable downtime. CEO of Tashi InfoComm Limited, Tashi Tshering, said, “Our TATA link has been damaged in India, leading to congestion. We depend on our partners, and when their fiber is …
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Normally when the Supreme Court issues a verdict one would assume it is the final verdict for the case and that it will be implemented. However, in an intriguing case between a farmer from Paro and an influential former Lam the Supreme Court first changed its signed verdict four months …
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The Royal Bhutan Police (RBP) has charged a senior school teacher in Lhamoizingkha with molesting a total of seven school children mainly in classes five and six in a boarding school there. The case first came to light on 21st August 2023 when a young school student of the school …
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The Supreme Court upheld the judgment of the High Court In a landmark judgment the Supreme Court on 15 September 2023 upheld the 9-year prison sentence given by the High Court in the Punakha rape case where a school girl was raped by her step father after the death of …
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The Bhutanese Leading the way.