The Ministry of Foreign Affairs (MoAF) has urged all Bhutanese to refrain from travelling to countries that have reported cases of Coronavirus infection. However, in case of unavoidable travels, the ministry has advised travelers to ensure that all basic preventive measures are taken and that extreme caution is exercised. “Please also refer to information on […]
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There will be continuous supply of groceries, fuel and medicines from India, announced Prime Minister Dr. Lotay Tshering at a press conference on Thursday. The government has talked with the India government regarding these issues and the Government of India has agreed to supply or continue trade between the two countries, he said. Lyonchhen said […]
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Since the suspension of tourists entering the country following the detection of the first COVID-19 case in the country last week, the government had to forgo a revenue of US$ 2.2mn. Expectedly, the most impacted in the service sectors are the hoteliers, restaurants, guides, drivers, travel agents, aviation and other service providers. During the press […]
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Thimphu city is running short of face masks and hand sanitizers even as panic breaks out among the residents with an American tourist detected with COVID-2019 yesterday. People are worried about an outbreak and they are rushing to every medical shop. Due to a shortage of hand sanitizers, people are even using alcohol products like […]
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The availability of housing unit stock in Thimphu appears to be in surplus when compared to the estimated households residing inside the municipality area, according to the performance audit report on urban planning and development in Thimphu Throm, 2019. However, the majority of the house unit stock belongs to the private sector and weak acceptance […]
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Micro-finance institutions (MFIs) in the country have no policy objectives although there are rules and regulations governing operations of institutions and no clear linkage between microcredit distribution and poverty incidences. According to the performance audit report of the Royal Audit Authority (RAA) on microfinancing findings pointed out there are only about 5% of total loans […]
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During the Q & A session in National Assembly yesterday, the issue of youth unemployment was deliberated. Bartsham-Shongphu MP Passang Dorji said that there are a huge number of youths unemployed in Bhutan. According to the statistics, 15% of youths are unemployed and 64% of those who pursued higher studies were unemployed. “Last year, there […]
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With the implementation of Goods and Services Tax (GST) coupled with a digitized economy, the projected revenue increase would be almost 69% at GST rate 7%. Prime Minister Dr Lotay Tshering said that GST at 5% can achieve neutral revenue while GST rate below 5% is not recommended as the revenue falls below the baseline […]
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To give equal opportunities to the private sector and State-Owned Enterprises (SOE), the government would implement a national competition policy, said the Economic Affairs Minister during the National Assembly session last week. This was in response to the question asked on the government’s strategies to prevent SOEs undermining the private sector by Member of Parliament […]
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In the wake of the World Health Organization’s (WHO) declaration of the novel corona virus outbreak as a global health emergency, more than 15 tourists have cancelled their trip to Bhutan as of Friday. According to Tourism Council of Bhutan (TCB) those tourists are from China, Singapore and Myanmar, Sri Lanka and Australia. The tourists […]
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