Latest News

Five students detained for Dharina burglary

They had sold the copper from the stolen wires to two scrap dealers in Dechencholing Crime: Thimphu police have arrested five students of Dechencholing middle secondary school for malicious mischief and larceny, in connection with the theft of electrical wires in Dharina, above Dechencholing, Thimphu. According to the building owner, …

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Picture story

Royal visit: His Majesty the King granted an audience and tokha to more than 2,000 people yesterday in Thrimshing, Trashigang. A mobile medical unit, which accompanied His Majesty’s entourage also conducted medical check-ups and surgeries in the dungkhag.      

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Development’s ‘poster child’ still has some way to go

MDG: Even though a few of the Millennium Development Goal (MDG) targets may remain to be achieved after the MDG deadline, Bhutan has already become a ‘poster child’ for development. With less than seven months remaining until the MDG deadline, Bhutan has met “almost all the goals” set by the …

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The MRP rule – Observed in the breach

One of the casualties of the rupee crunch has been the maximum retail price  Commerce: MRP means maximum retail price.  Big deal!  But what does it really mean? Most shops in the country do not follow the MRP rule.  Some sell goods above the MRP, while others do so below …

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Aussie dollar going down under

A slide in value that does not portend well for Bhutanese in Oz Currency: Much to the annoyance of those Down Under, the Australian dollar, for the first time in about six years, fell below the Nu 50 exchange rate.  As of yesterday, one AUD was Nu 49.20. The AUD …

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Banks, flush with funds, see profits fall

The apparent paradox reflects the economic slowdown in the country FI: While total deposits in all financial institutions has increased by 23 percent, its credit growth of about 11 percent has narrowed the banks’ profit margin, besides accumulating excess money. As a result, net profit for the financial institutions dropped …

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Gov’t a step closer to legalising DTH TV

Television: Legalised direct-to-home (DTH) television may shortly become available with the government finding out that it is possible to beam the Bhutan Broadcasting Service (BBS) channel in a DTH package without the need for an Indian licensed operator. The inability to legalise DTH TV in Bhutan is primarily because the …

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Man injured by arrow trap

Accident: A man has been charged with reckless endangerment after a sangdha (arrow trap) he planted injured another man. Shamdu Tamang, a 49-year-old  man from Phunsumgang village, Goserling gewog in Tsirang was injured on his right thigh by the arrow trap on Janurary 9. The trap had been planted by …

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Keeping Tsirang cooperative members in check

Poultry: Tsirang Poultry Cooperative (TPC) has decided to increase the price of egg to Nu 1,750 per carton to encourage poultry owners to bring eggs to the cooperative. “We get orders everyday from the youth cooperative in Thimphu, but due to the shortages here, we aren’t able to supply,” Juma …

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FM to go on “authorised absence”

Breaking News: Foreign Minister Rinzin Dorji will be on “authorised absence” to prevent controversy and conflict of interest when the Office of the Attorney General prosecutes him on behalf of the government. He will be on authorised absence until the case is resolved. Prime Minister Tshering Tobgay will take over …

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Freeze on new religious structure constructions

The idea is to focus on existing edifices, given limited manpower and other resources Circular: Construction of new religious structures, including lhakhangs, temples, choekhangs, tshokhangs, chortens, tshamkhangs and drashas, is frozen for the next two years. The home ministry issued a circular last month, notifying all ministries, dzongkhags, religious organisations, …

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Govt. sticks to its transfer stand

BDBL’s capacity to provide basic financial services is its unique selling point Management: The government has not reversed its decision to hand over operation and management of the community centres from Bhutan Post to the Bhutan Development Bank ltd (BDBL). The opposition party, in a press conference held on January …

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