Bhutan’s National Credit Guarantee Scheme (NCGS) was launched in 2020 to provide easier access to loans, backed by government guarantees. While the scheme has helped foster innovation and employment, the growing number of Non-Performing Loans (NPLs) raises concerns about the long-term sustainability of such government-backed programs. Launched in 2020, NCGS …
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The Ministry of Infrastructure and Transport (MoIT) is actively addressing the concerns raised in the Royal Audit Authority (RAA)’s Audit Report 2023-24, which identified 139 defective and sub-standard construction works across 62 projects. 91 cases have already been rectified due to RAA’s intervention. MoIT Minister, Chandra Bdr. Gurung, emphasized enhancing …
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27 individuals and one institution received the National Day Honours from His Majesty The King during the 117th National Day. Red Scarf and the title Dasho upon Ugyen K Namgyel, Gyalpoi Zimpon (Royal Chamberlain) His Majesty The King conferred the Red Scarf and the title Dasho upon Ugyen K Namgyel, …
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The 117th National Day celebrations created unforgettable memories, with the highlight being the much-anticipated lottery draw that featured an electric vehicle. Rinchen Pelmo, a 40-year-old housewife residing in Lungtenphu, Thimphu, was overwhelmed with joy when she was announced as the winner of the electric vehicle. The grand prize, valued at …
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After stepping into the job market, finding nothing except for your battered shoe soles and running out of mobile data is a common scene among every class 12 pass outs and graduates. After spending almost 18 to 25 years of life in education, landing nowhere at the end is a …
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For the first time in National Day history, the Gyalsups and the National Workforce in will join in the grand parade. In response to the growing excitement and past instances of people queuing up overnight to get a spot, this year’s National Day Committee are opening the stadium doors as …
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Every volunteer working on the stadium’s maintenance is very excited about the National Day celebrations, and work is in full swing to make the celebration a grand success. Around 45 Indian laborers are currently working on maintaining stairs, building toilets, and maintaining other stadium infrastructure. Mrinal Hohhain who has been …
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With the 117th National Day approaching on 17th December, Bhutanese citizens from all walks of life are gearing up for a celebration that goes beyond just festivities. For civil servants, like Choki Nima and Tshering Choden, the National Day is not only a time to reflect on the nation’s progress, …
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While there are signs of recovery in the tourism sector, however, Bhutan’s hotel industry is still facing difficulties, in terms of occupancy and staff retention. In response to the readiness of the hotels in paying their loans next June when the deferment period comes to an end, the Chairman of …
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Chang Yul Park witnessed an unprecedented rush for De-Suung registration coinciding with the International Volunteer Day. People started gathering as early as 4 AM, hoping to secure their spot, but many left disappointed due to the overwhelming turnout. The excitement seemed fueled by rumors circulating that the current batch …
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The Bhutanese Leading the way.