The Bhutanese Leading the way.
The former Board Director of the National Cottage and Small Industries Development Bank Limited (NCSIDBL), Tshewang Tashi, and the Chief Executive Officer of Sai Trading Partner, Samten were sentenced to three years and six months each in prison on Monday by the Thimphu District Court. The sentence was to do …
Read More »Indian Power Secretary to visit Bhutan to discuss future of Kholongchu and 10,000 MW by 2020
With the 600 MW Kholongchu project being closed down as a Joint Venture project there are now questions over its future. Another matter long due for discussion is on what will happen to the 10,000 MW by 2020 agreement signed between the two countries given that most of the projects …
Read More »Bhutan drafts MoU aimed at cheaper oil price and supply consistency
India’s Petroleum Minister has agreed to have an MoU During the recent visit of the Ministry of Economic Affairs (MoEA) Minister Loknath Sharma to Delhi, he raised the matter of the need for a Memorandum of Understanding (MoU) between the two governments on the supply of fuel to Bhutan with …
Read More »RAA asks operations of all Karaoke and Live music outlets to be suspended
The charge is that they are either operating like Drayangs or do not have proper licenses The Royal Audit Authority (RAA) recently did a review of the 7 January 2022 executive order closing the operation of all Drayangs in the country. It also looked at the extent of monitoring of …
Read More »Druk Air and Bhutan Airlines incur Nu 3.7 bn in losses
The two airlines in Bhutan have been hit hard since March 2020 by the pandemic. The financial loss incurred is so huge, that it would be difficult for the airlines to overcome the loss anytime soon, despite air travel picking up. Drukair has incurred a loss of approximately Nu 2.5 …
Read More »His Majesty Grants Audience to RIM Graduates
His Majesty The King granted an Audience to the 2019-2022 cohort graduating from the Royal Institute of Management on 10 August 2022. In an informal conversation with the 746 graduates and RIM staff, His Majesty spoke about our challenges as a nation, concerns over issues we face today, and our …
Read More »RUB to revamp, phase out and introduce new courses across all 12 Colleges to make Graduates more employable
The Royal University of Bhutan (RUB) is currently in the midst of revamping many courses, doing away with some and getting in new courses in all 10 institutes under it and also the two private colleges affiliated to it. The Vice Chancellor (VC) Nidup Dorji while confirming the above said …
Read More »Govt looks at restricting non-food imports as reserve hits new low
With the country’s foreign reserves getting lower by the month the government is looking at ‘rationalizing imports,’ whereby the imports of certain non-food and non-essential commodities may be restricted. Lyonpo Namgay Tshering of the Ministry of Finance (MoF) said that Bhutan currently has USD 845 million (mn) of foreign currency …
Read More »After losing Nu 192 mn in 3 years Govt ends Buy Back Scheme
During the initial stages of implementation of the Buy Back Scheme (BBS), in 2016, 2017, and 2019, the Food Corporation of Bhutan Limited (FCBL) was able to generate a profit of around Nu 3.34 million (mn), Nu 4.43 mn, and 4.85 mn respectively from buy back of paddy, maize and …
Read More »Restrictive SOP for the media in NA
The National Assembly of Bhutan has come with a controversial and restrictive Standard Operating Procedure (SOP) for the media which many journalists feel will hamper the ability of journalists to report in the Parliament. While there are nineteen rules reflected in the guide lines there are five rules targeting the …
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