Yesterday, the Finance Minister reported that Bhutan’s total debt outstanding is Nu 35,109.3 million. That’s about 56.7% of our GDP.
In other words, every citizen owes Nu 64,000 of that debt. Or, assuming the average family has five members, every family would owe Nu 320,000.
The good news is that most of that debt – about 61 [...]
We’ll be up by five tomorrow morning, to take in the total eclipse of the sun from Kuenselphodrang. Many of my neighbours – indeed, many Bhutanese – will also enjoy this very rare natural phenomenon when the moon completely blocks out the sun. Bhutan, after all, falls bang on the path of the total eclipse.
But [...]
Jack recently posted a comment in “Double vision” asking for my “…opinion regarding the government paying USD 9.1m to a global management consultancy firm, McKinsey and company”.
I’m afraid that I know very little about “Accelerating Bhutan’s Economic Development”, the project that McKinsey will implement. And, the little I know comes from what Kuensel had reported [...]
I drove an electric car last week. It was a Reva, an electric vehicle manufactured in India. The Department of Energy is currently testing the car on Bhutanese conditions.
The Reva is small. In fact, it’s not much bigger than a golf cart. So it can fit only two adults – that’s the driver and one [...]
Two readers – Samdrups and Sharu – asked me for my views on our government’s recent announcement on corporate salaries. My views are simple. And they are straightforward. Government should not be involved in doing business. Yes, government should regulate businesses. But no, government should not interfere in how businesses are run. So our government’s [...]
A few times in past, incoming Druk Air flights have been diverted to Bagdogra due to unfavourable weather conditions over Paro. Such diversions are generally unwelcome by passengers and crew alike as they are required to spend hours in Bagdora waiting for the weather to improve in Paro.
Yesterday’s flight from Paro to Bagdogra was different. [...]
Coffee, many say, is the most popular beverage on earth after water. Yet good coffee is hard to come by in most places. But it is available in Thimphu, at Karma’s Coffee, located in the Zhamling Building somewhere above Hotel Phuntsho Pelri.
Karma’s is owned and run by Karma Tenzin, Bhutan’s first barista, who spent about [...]
Many businessmen and women would have been delighted to hear our government’s assurances to start the one-stop service centre during BCCI’s annual general meeting last Friday. And they would have been pleased to know that our government is already acting on these assurances. Because, yesterday, according to BBS, our prime minister met with government secretaries [...]
In my last entry I celebrated the government’s promise to make Bhutan an attractive destination for ICT businesses. I am truly excited at the prospects of using ICT to strengthen our economy, create much needed jobs and generated revenue, all while safeguarding our brand-image as a country that’s serious about gross national happiness.
But yesterday I [...]
The Bhutan Chamber of Commerce and Industry has just concluded its 24th Annual General Meeting. The gathering attracted some much needed attention for the private sector in general and the BCCI in particular.
The minister of economic affairs addressed the AGM during its opening ceremony on Thursday, and encouraged the private sector to come up with [...]
Tshering Tobgay is a Member of Parliament representing Sombaykha Constitutency in Haa. He is the Leader of the Opposition Party in the National Assembly of Bhutan.
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