A total compilation of the Druk Gyalpo’s Relief Kidu set up in April 2020 shows that Nu 5.933 billion (bn) was given out as Kidu to 99,656 people. This is not including around 14,565 people given ration support which are basic essential items for the households during the first lockdown. …
Read More »As 677 Civil Servants resign from 1st January to 17th February 2023, Sixth Pay Commission announced
For sometime now, large numbers of civil servants have been resigning mainly on economic grounds and the majority of them have been heading to Australia. Now to motivate the civil servants and in part to stem the flow, a Sixth Pay Commission has been constituted with the DHI Chairman Dasho …
Read More »In a first DGPC to start construction of Nu 60 bn Kholongchu project by mid 2023
In a first for Bhutan, the Druk Green Power Corporation (DGPC) will fully fund and construct the 600 MW Kholongchu project on its own. This is the first time that Bhutan will be financing and constructing a mega hydro project on its own as so far all mega projects like …
Read More »Private sector lost around 4,000 employees to Australia and other countries: BCCI
The country is currently facing a high attrition rate due to the trend of employees leaving their jobs for Australia or other countries. Many private sector employees have gone to Australia, Canada, US, UK and the Middle East in search of better economic opportunities. Due to the tight economic situation …
Read More »FIs lose 385 staff from 2022 till date
Majority went to Australia The Australia rush has also struck the Financial Institutions (FI) as Bank of Bhutan (BoB), Bhutan National Bank (BNB), Druk PNB, T-Bank, Bhutan Development Bank Limited (BDBL), National Pension and Provident Fund (NPPF), Royal Insurance Corporation of Bhutan Limited (RICBL), and Bhutan Insurance Limited (BIL) have …
Read More »De-suung Celebrates 12th Raising Day
De-suung marked its 12th Raising Day on 14 February, with around 8,000 De-suups from across the country joining the celebrations at the Changlimithang Stadium. De-suung was established by Royal Charter in 2011 as a platform for trained volunteers to offer their services to the nation. Since then, 34,939 volunteers have …
Read More »Her Majesty The Gyaltsuen graced a prayer ceremony for Turkey and Syria Earthquake Victims
10 February 2023: Her Majesty The Gyaltsuen graced a prayer ceremony to light a thousand butter lamps for those affected by the earthquakes that struck Turkey and Syria earlier this week. Over 21,000 people have lost their lives, and millions more have been affected by the disaster. The ceremony was …
Read More »Australia Wave turns into a Tsunami as 0.85% of population gets student visas in last six months of 2022
For months now flights to Bangkok have been going full or nearly full from Paro, but only a handful would be getting off at Bangkok, as the majority had transit flights onto Australia. In addition to this, entire flights are being chartered as the normal flights are not enough. The …
Read More »Bhutan’s exports to Bangladesh put into frying pan by local syndicate and pushed into the fire by WB Govt
Bhutan’s trade statistics makes for some depressing reading as our imports far exceeds our exports, but the lone bright spot is our trade with Bangladesh which is the only country with which we have a positive trade balance. Smooth until 2013 It all started in the late 1980’s when Bhutan …
Read More »Around 9 billion in education loans released by 3 commercial banks
Three commercial banks, Druk PNB, Bhutan National Bank (BNB), and Bank of Bhutan (BoB) has so far released education loan worth Nu. 8.969 billion as of early February 2023. The education loan, reopened under the new loan scheme by Royal Monetary Authority (RMA), Special Education loan is offered in two …
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The Bhutanese Leading the way.