House owners must issue rental receipts to tenants: DRC

The Department of Revenue and Customs (DRC) has notified house owners to issue rental receipts to tenants on a monthly basis. This is the second time that DRC is issuing such a notification.The first notification was issued in 2012 and the most recent one in the first week of August. The media and communication specialist […]

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Multi-level car parkings not running as expected

A few people use the two multi-level car parking (MLCP) in Thimphu but the management is hopeful the situation would change for the better with the closing of parking areas in Norzin Lam. The MLCP-II, near Thimphu Thromde (municipal) began operations from July 18 and MLCP-I started operations from August 1.  “There are low occupancy […]

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Former labor minister and director general slapped with four charges by OAG

Former Labor Minister Ngeema Sangay Tshempo and current Director General (DG) of the labor ministry Sherab Tenzin have been slapped with four charges each by the Office of the Attorney General (OAG) in connection to the Overseas Employment Program (India). The case also involves the former Labor Minister’s wife and niece along with the DG’s […]

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Raw material security, the biggest challenge for industries

Securing raw materials for heavy and medium industries in the country is one of the major challenges that they currently face. Industries feel that securing raw materials is paramount for their survival. Most of the industries are mineral-based, and except for cement industries, no other industries are secure about their raw materials. Except for electricity […]

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Going digital, safe and affordable transport and supporting media in MoIC’s APA

With a total budget allocation of Nu 1,082.47mn in the fiscal year 2019-2020, the Annual Performance Agreement (APA) of the information and communications ministry (MoIC) was signed with Prime Minister Dr Lotay Tshering yesterday. The five crucial activities in the APA among others are the spillover construction of a film studio in Thimphu and Cinema […]

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‘BNB has grown from being a small entity to the second largest commercial bank in the country’

Bhutan National Bank’s  (BNB) outgoing Chief Executive Officer, Kipchu Tshering, talks to Business Bhutan reporter Dechen Dolkar on his achievements during his tenure as the CEO and challenges in the banking sector. He started and ended his career in the financial sector. He started his career at RICBL in 1978 and served for 19 years. […]

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Bhutan, Austria observe 30th anniversary of diplomatic relations

Bhutan and Austria celebrated the 30th anniversary of the establishment of diplomatic relations in Thimphu on Wednesday. The event was marked by a dinner reception hosted by Mrs. Brigitte Oppinger-Walchshofer, Ambassador of Austria to Bhutan, at the Banquet Hall of the Royal Institute of Tourism and Hospitality (RITH). Her Royal Highness Princess Sonam Dechan Wangchuck […]

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More than 100 students from RTC compete for Entrepreneurship Development Loan

A total of 117 second-year business program students from Royal Thimphue College (RTC) will be competing for the Entrepreneurship Development (SEED) Loan for two days, from August 23-24. They will compete in the Loden Student Empowerment through Entrepreneurship Development (SEED) Program, to be held at RTC. The two-day event also includes teaching the fundamentals of […]

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