Financial Institutions say they may not be able to issue any new loans for months and even years under RMA’s latest liquidity or borrowing restrictions. This comes in the backdrop of the already existing housing and transport loan restrictions. Bhutan’s Financial Institutions are heading for a deep freeze as a …

The Indian ambassador to Bhutan, Pavan K Varma, said that the Government of India (GoI) will standby Bhutan to help tide over the rupee crisis. This, the Indian ambassador highlighted in an interview with The Bhutanese. The Ambassador said “Bhutan enjoys bipartisan support across political parties in India and India …

Bhutan’s Education City Project, an ambitious scheme incepted two years back is finally moving forward with the project bid further ratified by the Cabinet as per the Private Participation in Infrastructure (PPI) framework policy. The bid has been awarded to the consortium bidders, Infinity Infotech Parks ltd and ILFS (Infrastructure …

Phojas emerged as winners in the Coronation Cup man’s finals played on Sunday against the Wizards. The YDF indoor stadium was crowded with spectators at the finals. Supporters of both the teams sat on the edge of their seats with the first half of the game seeing competitive baskets. The …

Kanglung township planning has been in the offing for eight years now but it still has not seen the light of day and the community has no access to municipal services whatsoever. The residents are concerned if the town planning would actually come through although this has been discussed in …

The bottled water project that was proposed in 2010 as a joint venture between Druk Holding and Investments (DHI), and Carpenter and Company (C & C), a Boston-USA based firm has seen little progress since then. DHI officials say that C&C carried out a valuation of Bhutan Agro Industry Limited …

Raising taxes on alcohol sale only leads to fronting, selling and leasing of already existing licenses at higher prices. This was discussed in the seminar on Alcohol Use and Abuse in Bhutan last week where data presented showed that despite raising taxes on the sale, alcohol consumption remains the same. …

Sunkosh hydropower project which was downsized to 2,560 MW from 4,060 MW is finally on the verge of implementation with the Detailed Project Report (DPR) to be finalized by July this year. The communities, it is said, will  reap many benefits. The economic affairs minister, Lyonpo Khandu Wangchuk, said the …

Last night I and my brother had a discussion regarding the reporters  using anonymous sources in their stories. He was of the opinion that reporters are using fake sources or else putting in their own quotes with attributions like ‘name changed’ or ‘declined to be named’. Even I would have …

“Nepotism” is a word much talked about in Bhutanese circles. I have never experienced it myself though I have heard about it and seen a few cases myself. To share an incident which I witnessed, I had gone to the hospital with a friend of mine to meet her grandmother …