Wednesday , August 24 2016

Latest News

Opposition warns of an impending economic crisis

Asks the Govt. to address issues with urgency 
Economy: The country could be headed for an economic crisis if the government doesn’t address the issue of falling reserves, the widening current account deficit, and rising debt with “the highest level of seriousness and urgency”, the opposition party has warned.

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Record price for cordyceps in Bumthang

Business: A kilogramme of cordyceps fetched Nu 1.55 million at the Chokhor gewog centre in Bumthang on July 20, the highest amount ever recorded so far in a cordyceps auction after collection of the fungi was legalised in the country.

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New policy replaces base rate system

The RMA, in an effort to review interest rates, has come up with the minimum lending rate policy Banking: After the government asked the Royal Monetary Authority (RMA) to review interest rates, the central bank has replaced the base rate policy with the minimum lending rate policy, which will be effectively applied from next month.

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My Country, My Town

  • Road read: The question is whether it’s advice (while good, no doubt) for self or others or both? Photo Bidur Rai
  • Powerful wishes: Did these footballs hung from a tree have anything to do with the Leicester City victory? Photo by Tshering Doma, ICS
    Powerful wishes: Did these footballs hung from a tree have anything to do with the Leicester City victory? Photo by Tshering Doma, ICS
  • Dancing goat: Sometimes one just gets the urge to get up and shake a leg Photo by Kelzang Wangchuk, Kuensel, Thimphu