Families in Lhuntse are mourning the loss of their loved ones as the search for the missing continues following a devastating flash flood in Ungar village under Lhuentse Dzongkhag. Gingtu Tenzin, a Druk Green Power Corporation (DGPC) work supervisor who is a survivor of the flood in Lhuntse shared his …
Read More »FCBL turns profitable after 7 years of losses
After losses for seven straight years the Food Corporation of Bhutan Limited (FCBL) has managed to make some profit in its first two quarters or six months. In the last seven years from 2016 to 2022 FCB made a total loss of Nu 153 million. From January to June 2023 …
Read More »MoF’s letter to SOEs to submit pay hike proposals comes with conditions
Recently, the Department of Macro-Fiscal and Development Finance under the Ministry of Finance (MoF) sent out an email to the various State Owned Enterprises (SOEs) under the MoF to find out what are the expectations and plans of the SOEs over the pay hike and whether SOEs can adjust the …
Read More »New Bhutanese going to Australia face troubles with jobs and housing
Finding affordable accommodation or housing in Perth, Australia is becoming harder by the year for the many Bhutanese there. The situation is worsened by job scarcity. According to The West Australian, the only locally edited daily newspaper in Perth, in the past three years, Perth has recorded the biggest slump …
Read More »His Majesty meets with family members of the flood victims
His Majesty The King visited Lhuntshe, where a recent flash flood washed away 23 people. His Majesty met with the family members of the victims, and visited the site of the incident at Ungar, where search efforts are still ongoing. His Majesty returned to the country on Sunday from an …
Read More »Small borrowers without collateral to lose out with the closing or merger of CSI Bank
Despite all the talk of ‘Access to Finance,’ the reality of the banking system in Bhutan is that you have no chance of getting a loan unless you already have land assets in prime Thromde areas or lands next to it. Banks not for rural land collateral In the past, …
Read More »Drujeygang-Tseza MP says DNT played ‘dirty politics’ in replacing him
The Drujeygang-Tseza Member of Parliament Jurmi Wangchuk famous for his ‘Trans National Sexy’ and ‘DHI and FDI’ bloopers, is also known as a straight talking MP who openly speaks his mind in Parliament, without filter even. This unique combination has built the MP a popular following on social media and …
Read More »BDBL Credit Assistant under ACC investigation for loans to self, family and others
The Anti Corruption Commission (ACC) is currently investigating Karma Wangchuk, the former credit assistant of the Bhutan Development Bank Limited (BDBL) branches in Samdrup Jongkhar and Dagana. Karma Wangchuk began his career as a credit assistant at Samdrupjongkhar on 27 April 2012 and he was later transferred to the Dagana …
Read More »Canada and UK are not as rosy
As the trend of the Australia dream has also given birth to Canada and United Kingdom (UK) dreams as an option, people are now increasingly trying out for both Canada and UK. However, the reality is quite different with people having to battle high living standards. Representatives from 21 prominent …
Read More »Flashflood washes away 23 people
In what is one of the biggest losses of life in recent memory, 23 people camped near a small stream below the Ungar village in Maedtsho gewog, Lhuentse was washed away by a flash flood at around 7.30 pm on Thursday night. Of the 23 washed away, eight people worked …
Read More »
The Bhutanese Leading the way.