The Royal Monetary Authority (RMA) recently announced the Phase Four Monetary Measures that offers loan deferments between one year to two years and eight types of loan restructuring depending on the risk category. However, in a meeting between the government, Bhutan Chambers of Commerce and Industry (BCCI), heads of Financial …
Read More »
Though there are several ongoing court cases and even some court verdicts pertaining to around Nu 657 mn in double and triple mortgages with banks and also cheating land buyers in Phuentsholing, Phajo Nidup finally was detained on 13 June 2022 as part of a fraudulent check writing case by …
Read More »
Yet another victim of Phajo Nidup came forward as part of the multiple Phuentsholing land cases that involve the banks too and around Nu 657 mn in double and triple mortgages. This victim’s case pertains to the 5 acres and 33 decimals in Pekarzhing, Phuentsholing that Phajo fraudulently sold to …
Read More »
A new variant of the Coronavirus, XJ variant, that was first detected in Finland a month ago, and also found in Bangkok and Italy, has also been detected in Bhutan. A single case of Omicron XJ variant has been detected at a facility quarantine. The Health Minister Dasho Dechen Wangmo …
Read More »
As the Tourism Levy Bill 2022 that increases the Sustainable Development Fee from USD 65 to 200 was passed in the Parliament, a major question that people are still asking about is, why the reform, what is it actually and what will its impact be? The reform is part of …
Read More »
On 18 June 2022, a 55-year-old woman was killed in a landslide in Kabreytar, Phuentsholing when mud and debris flowed into her bedroom on the ground floor of the building, killing her. The Bhutanese has learnt that the land was originally an Environmental 4 Zone land precinct that only allows …
Read More »
The Heads of the Association of Bhutanese Tour Operators (ABTO), Hotel and Restaurant Association of Bhutan (HRAB) and Guide Association of Bhutan (GAB), though all surprised with the transformation exercise in the tourism sector, welcomed the overall reforms. At the same time, they had suggestions to ensure it is a …
Read More »
With the monsoon season at the doorstep again, one of the oldest but inaccurate pieces of news of floods in some districts of Assam being caused by water released from the 60 MW Kurichu project is doing the rounds in newspaper and social media in Assam and Delhi again. The …
Read More »
On the Royal Command of Her Majesty The Gyaltsuen, the Pema Center Secretariat, an agency to spearhead our national response for mental health, has been established. Her Majesty graced the inauguration ceremony of the Secretariat on 16 June, where prayers were performed for an auspicious start to the initiative. …
Read More »
Board Director appointed by Govt despite Nu 1 mn bribery case trial The Board Director of the National Cottage and Small Industries Development Bank Limited (NCSIDBL) Tshewang Tashi, who is the Deputy Chief Planning Officer of the Ministry of Agriculture and Forests (MoAF) was detained last week by the Anti …
Read More »
The Bhutanese Leading the way.