On April 28, the Ministry of Industry, Commerce, and Employment (MoICE) released an executive order to all government agencies to use its Standard Operating Procedure (SOP) for sharing information to the media. While the intent maybe good the highly bureaucratic SOP process with a lot of exception areas where information …
Read More »Real estate market changes with more sellers than buyers
Currently, the trend in real estate market has shifted from people buying properties to build assets in the country to selling them to go outside for better opportunities. The Australia Rush and the downturn of the economy has had a ripple effect where the real estate market is also affected. …
Read More »His Majesty back after Tour of Southern Dzongkhags
His Majesty The King arrived in Thimphu on 23 April evening after concluding a weeklong Royal Tour of the southern dzongkhags. During the Tour, His Majesty visited Punakha, Tsirang, Sarpang, Gelephu, Samdrup Jongkhar, Samtse and Phuentsholing, meeting with members of the community represented by sector heads, civil servants, local leaders, …
Read More »DHI confirms that it is mining Digital Assets
In mid-April the Forbes Magazine published an article about Druk Holding and Investments (DHI) borrowing millions of dollars in digital assets from two bankrupt crypto currency lenders BlockFi and Celsius. The bankruptcy declarations of these two firms had lead to the public declaration of the transaction records which the magazine …
Read More »NPPF looking at pension reforms that would resolve the 20-year itch
One of the big challenges for the National Pension and Provident Fund (NPPF) is that it will start making losses from 2060 onwards with more people drawing pension than contributing to it. With the main aim of making the scheme more sustainable the NPPF has been working with a Malaysian …
Read More »10,755 Bhutanese get visas to Australia in last 9 months
This paper in the first week of February wrote that in the last six months of 2022 from 1 July to 31st December 2022 a total of 6,497 Bhutanese got visas to go to Australia. However, when one includes the updated figures for January, February and March 2023 then the …
Read More »Major changes coming to the SDF soon
The Prime Minister (PM) held a discussion with the members of the Bhutan Chamber for Commerce and Industry (BCCI) to find ways to address the problems of the private sector. During the meeting, the PM shared that the Sustainable Development Fund (SDF) will no longer be applicable for non-tourists and …
Read More »RCSC increases retirement age for civil servants
The RCSC in notification dated 22 April 2023 has increased the retirement age for all civil servants including support staff. Executives who retired at 60 now can retire at 63, professional and management category who retired at 58 now have till 60, SS1 to SS4 who retired at 58 get …
Read More »Worst ever performance by incumbents in 4th NC election as voters go for change
Of the 10 incumbents who contested only two made it back In the 2013 National Council (NC) elections, of the 18 contesting incumbents a total of six made it back which is around 34 percent of the contesting incumbents. In the 2018 NC elections of the 12 contesting incumbents a …
Read More »‘Its only me in the NC:’ Lone woman NC from Zhemgang supports quota for women
Women’s participation in politics has been a popular topic for debate globally and here in Bhutan too. Although women’s participation is encouraged, there are still lesser number of women participating in politics. Currently, out of the 20 elected candidates for the National Council, only one female candidate has been elected …
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