DHI donates Nu 20mn for “Loden-DHI Fund” 2016

The Loden-DHI fund provides interest and collateral free loans to entrepreneurs interested in starting a new business or expanding the existing ones Yenten Thinley from Thimphu Druk Holding and Investments (DHI) granted Nu 20mn for 2016 to the “Loden-DHI Fund” in a joint collaboration to promote entrepreneurship in Bhutan by providing financial support to aspiring […]

14th ACD held at Bangkok

The meeting with the theme “ACD – The Way Forward” discussed regional economic integration, interconnectivity, sustainable development and mechanisms on further strengthening the ACD process. Yenten Thinley from Thimphu The 14th Asia Cooperation Dialogue (ACD) held in Bangkok starting yesterday will end today. The Bhutanese delegation was led by the Minister of Foreign Affairs, Lyonpo […]

Import of petroleum products slightly increases in 2015

However, the import value dropped to Nu 7,370.9mn last year from Nu 8,432.66mn in 2014 Yenten Thinley from Thimphu Although the total volume of fossil fuel imported in the country slightly increased last year, the import value in terms of monetary took a dive. Petrouleum products include petrol, diesel, kerosene, Liquefied petroleum gas, furnance oil […]

BoB launches country’s first cash deposit machine

The machine will now enable clients to make deposits directly into their accounts at their convenience Yenten Thinley from Thimphu Walking to a bank and painstakingly waiting in queue to deposit cash could be a thing of the past now, that is, if you are a Bank of Bhutan (BoB) customer. BoB yesterday launched the […]

Three friends vie for Tsenkhar Gup post

Pema Seldon from Lhuntse Three long time friends will be battling it out for Gup’s post in Tsenkhar Gewog in Lhuntse. Sonam Tshering from Domkhar Umling Chiwog, Tsheten Wangdi from Autsho Chhabi Chiwog and Kunzang Penjor from Goney Wambur Chiwog in Tsenkhar Gewog have been friends for many years now. “We never thought or imagined […]

Dungdung’s female gup candidate

Yenten Thinley from Trongsa Forty-two-year old Yangzom from Dungdung village in Langthel gewog, Trongsa, is the first female ever to contest for the gup’s post in the gewog. She studied till class VI but later continued Non-Formal Education for two years. “I was interested to run for the elections earlier but I did not have […]

INR 500 and 2000 not allowed

Lucky Wangmo from Thimphu Early this month, the Royal Monetary Authority (RMA) issued a notice stating that Indian rupee bank notes of denomination 500 and above will not be allowed use in the country. The Deputy Governor of RMA, Yangchen Tshogyel, said that it is not the decision of RMA to not allow the use […]

Stock market too small for foreign investors

Opening the stock trade to foreign investors premature due to size, trading volume, liquidity of the market and lack of adequate trading infrastructures Dechen Dolkar from Thimphu The country’s stock market, which is growing at a snail pace, as of now won’t be open for foreign investors. With total market capitalization of Nu 21bn, which […]

Sarpang needs a town, desperately

Alka Katwal from Sarpang What remains of Sarpang’s temporary makeshift town are the remnants of the recent flood. And a memory! The old town is gone. And the new one is not there yet. In between, people living in proper Sarpang are a little more exasperated every time they need to travel to Gelephu, some […]

RemitBhutan to enable easy & safe remittance from overseas

Dechen Dolkar from Thimphu Bhutanese living, working or studying abroad can now remit their earnings to their personal foreign currency accounts or that of their family members in Bhutan. The central bank, Royal Monetary Authority (RMA), launched Foreign Currency Account facility for Non-Resident Bhutanese (NRB) on Thursday. This facility would allow Non-Resident Bhutanese (NRB) to […]