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Bank of Bhutan recognised for good tax compliance

Finance: Contributing more than Nu 1.2B in taxes in the last five years, the Bank of Bhutan Limited (BoBL) was awarded with a certificate of recognition for good tax compliance records on Janaury 26 in Phuentsholing. The amount of taxes it has paid also makes it one of the top …

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Picture story

The three-day Tashi Chophel Leling tshechu in Ngatshang gewog, Mongar ends today with Guru Tshengye mask dance. Hundreds of devotees gathered to witness the performances on the first two days, including the National Assembly Speaker Jigme Zangpo and parliamentarians.      

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Study recommends digital cable TV as way forward, not DTH TV

Being carried by the optical fibre network, greater bandwidth will be available Television: While Direct-to-Home (DTH) TV may be legalised soon, a study carried out by a local consultant for the Bhutan InfoComm and Media Authority (BICMA) suggests that improving and expanding the cable TV network by digtalising it and …

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One more community police centre for Wangdue

Police: A new community police centre (CPC) was opened at Zawakha, yesterday. Zawakha is located 32 km from the Wangdue Bridge. This is the ninth CPC in the country. Currently, there are six CPCs in Thimphu, one in Nobdhing, Wangdue, and another in Kanglung, Tashigang. The Zawakha CPC is the …

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From soiled and mutilated notes to digital banking

COVER STORY: Tshewang Dorji, 38, is a serious collector of old Ngultrum notes and coins. Banknotes and coins are safely stored in a red box with old stamps and cards. Given him by his grandparents, old silver and copper coins were his prized possession. Then he began to collect more …

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Workouts for cyclists

HEALTH AND FITNESS: Hi sir,  I cycle wherever I go. I have been living in Gelephu for a long time. Sometimes it becomes hard to cycle around, especially in summer. Can you please suggest any workout routine that I can do at home at such times? Also, what are the …

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Our New Years and Chunyipai Tshetheg

WHY WE DO WHAT WE DO: Due to its cultural diversity engendered by geographic isolation, Bhutan has many different losar (ལོ་གསར་) or New Year celebrations. The celebrations mostly mark seasonal change and cycle of agricultural life. They consist of festivities to celebrate the autumnal harvest and occur in winter when …

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History of currency in Bhutan

Monetary reform started in 1974, coinciding with the coronation of His Majesty the Fourth Druk Gyalpo Jigme Singye Wangchuck. Finance ministry issued the first Ngultrum notes. Before the trade was monetised, barter system prevailed in the country. Rice, butter, cheese and wool were exchanged with other local produce. Almost a …

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External debt growing at 9.5 percent

Hydropower loans now account for 83 percent of INR owing Economy: The country’s stock of outstanding external debt saw an increase of 9.5 percent between June 2013 and June 2014. In three months, from June to September 2014, debt swelled to 108 percent from 101 percent of the GDP size.  …

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Lhakhang Karpo case – More heads roll

ACC has suspended three trade licenses and a CDB license of businesses involved  Update: The Anti Corruption Commission (ACC) on January 26 suspended three trade licenses and a construction development board (CDB) license of three business entities in connection with the alleged corruption case of lhakhang Karpo conservation project in …

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Picture story

Cabbies day out: A road safety official explains the give-way rule to taxi drivers during an awareness campaign yesterday in Thimphu. (Photo: Kipchu)      

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Sephu wins claim to disputed cordyceps collection area

It was also decided that hence harvesting would be restricted to the respective gewogs Fungus: Following two days of meeting, the home minister, Damcho Dorji, Gasa and Wangdue dzongkhags resolved that the much-disputed area, Metha-Chutha and Yangu, falls under Sephu gewog, Wangdue. The first meeting was held last week at …

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