On the auspicious occasion on Zhabdrung Kuchoe on 30 April 2023 His Majesty The King granted a Royal Charter for the establishment of the Gerab Nyed-Yon, an autonomous entity to hold and manage the the assets and investments of the Zhung Dratshang (Central Monk Body). It all started back in …
Read More »
Agent was found to be marketing the old rate to new tourists The Ministry of Industry, Commerce and Employment (MoICE) in a letter dated on 29 April 2023 revoked the earlier permission given to Amen Bhutan Tours and Treks for the 1,300 tourists to be brought in via 13 chartered …
Read More »
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 »
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 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 »
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 »
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 »
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 »
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 »
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 »
The Bhutanese Leading the way.