GNH and Alcohol – lobzang nima

The other day when I incidentally turned my eyes on a news channel (Al Jazeera)-the report shocked me. It reported on Bhutan and I was thrilled to see the Dzongs and the magnificence of Thimphu. But hearing carefully to the news, I figured out that the report isn’t worth a speck of pride as Bhutanese. […]

Private sector must receive priority

Our private sector is supposed to be the engine of growth for the economy. And the government seems to acutely want to project the image that it is helping the private sector grow. But the ground reality is this is definitely not happening. A World Bank study last year revealed that the most common bottlenecks […]

Housing loan tops credit portfolio

Loans and advances have increased from Nu. 86.60bn in June 2016 to Nu.95.06bn as of June 2017 Out of the total loans provided by the financial sector (banks and non-banks, excluding NPPF) amounting to Nu 95.06bn in the last fiscal year (2016-2017), the largest share of the credit portfolio has been toward the housing sector […]

Inflation increases in the last fiscal year

Bhutan has seen a significant increase in inflation during the fiscal year 2016-17 following the price movement in India and the world market. According to the latest Royal Monetary Authority Report, the overall Consumer Price Index (CPI) inflation increased to 5.45% in the second quarter (Q2) of 2017 from 3.31% during the same quarter the […]

A fresh graduate to contest for NC from T/yangtse

A fresh graduate determined to bring about changes in the country, Dorji, is the first and the only candidate from his gewog to declare his candidature for the National Council from Trashiyangtse. Thirty-one year old Dorji is from Serpang village, Kamdang gewog in Trashiyangtse. Talking about his intention to contest for council, he said that […]

Former banker to re-contest NC from Zhemgang

Losing in the last National Council (NC) elections has only fuelled former banker Dorji Cheten’s dream to re-contest in the upcoming one. The 38-year-old is from Pantang village under Phangkhar Gewog, Panbang Dungkhag in Zhemgang. He has a Bachelors in Commerce from Sherubtse College and a Masters in international economics and finance from Chulalongkorn University […]

Trashigang faces acute housing crunch

For a population of 2,347, there are only 241 houses in core T/gang Since last year, Tandin Bidha, a teacher of Trashigang Primary School along with two colleagues have been living in a tiny apartment above the town. Their apartment has two bedrooms and a living room with an attached kitchen and a toilet. Tandin […]

Overall trade deficit improves

The overall trade deficit improved in the financial year (FY) 2016-17 dropping to Nu 31.14bn from Nu 37.48bn in the previous year, according to the Royal Monetary Authority’s annual report 2016-17. The trade deficit improvement is mainly attributed to higher exports of electricity to India and minerals and base metals to others countries. Although deficits […]

DNT accuses education minister of misusing govt. machineries

Druk Nyamrup Tshogpa (DNT) submitted a letter to the Election Commission of Bhutan (ECB) stating that education minister Norbu Wangchuk misused government machineries to promote and introduce new candidate of People’s Democratic Party (PDP) during his official meetings. This, according to DNT, is a direct violation of the clause 11.6 of the Rules and Regulations […]

Economic growth hits almost 8% in 2016

Bhutan recorded an economic growth of 7.99% in 2016, the highest in the SAARC region, according to the Royal Monetary Authority (RMA)’s annual report released recently. It was anchored by high domestic demand mainly through government expenditure, in particular, increased capital investment on infrastructure. However, the value of goods and services consumed by households declined […]